Royal Bank of Scotland

Britain to sell 15 billion pounds of RBS shares over five years

LONDON (Reuters) - Britain's government will begin the reprivatisation of bailed-out lender Royal Bank of Scotland (L:RBS) by selling 3 billion …

Stock Markets

Autumn Budget 2017: UK government to generate £15bn over the next five years from RBS share sales

The UK government is planning to generate £15bn by 2023 through the sale of Royal Bank of Scotland (RBS) shares, chancellor Philip Hammond revealed …

Philip Hammond

Too-big-to-fail banks keep getting bigger

Many too-big-to-fail banks have grown even larger during the decade since the financial crisis.<p>The 2008 meltdown showed how big banks that get into trouble can hold the entire global economy hostage.<p>Hoping to avoid another round of unpopular bailouts, financial watchdogs have forced too-big-to-fail …

Economy

Royal Bank of Scotland goes TITSUP*

Users who bank online with the Royal Bank of Scotland are having a tough time logging in this morning.<p>Over 80 people have reported issues with online …

Banking

Dax Edges Lower on German Deadlock, Other European Markets Follow

Investing.com - European markets edged lower on Tuesday, as a political deadlock in Germany continued to weigh on investors' confidence.<p>The EURO …

Stock Markets

Coutts, the Queen's bank, to cut as much as a tenth of its workforce

The Queen’s bank, Coutts & Co., is cutting as much as a tenth of its workforce as it tries to boost its profitability.<p>The private bank will reduce …

JP Morgan Chase

NatWest software robots to advise customers on investments

NatWest is offering consumers an investment advice service automated through software.<p>The use of robo-advisors, as services like this are known, has …

Business Technology

Royal Bank of Scotland to launch robo-advice under NatWest brand

Royal Bank of Scotland is launching robo-advice for more than 5m customers as banks return to the investment market after a string of fines and as …

Banking

Virgin Money plans current account as mortgage pressure looms

Virgin Money warned its profit margin would slip next year due to competitive pressure in the mortgage market, as it prepares to enter the UK current …

Banking

Ayr's Royal Bank of Scotland set to become a speciality beer pub

The abandoned building will be home to the night spot called The Growler.<p>A trendy new speciality beer pub is to open in an old Ayr bank.<p>The abandoned …

Business (UK)

RBS investors forced to wait longer for pay-out amid legal dispute

Shareholders who won a landmark legal action against Royal Bank of Scotland (RBS) in the summer face a further wait for their money because of a …

Business (UK)

Savings: More banks fail to pass on rate rise in full

<b>Three more banks have failed to pass on the full rise in base rates to savers, despite pleas from Number 10 and the Bank of England.</b><p>Royal Bank of Scotland, NatWest and Tesco Bank have announced their savings rates will rise by 0.2% or less.<p>That is despite last week's rise in base rates from 0.25% …

UK News

Girvan Royal Bank of Scotland users left to queue at mobile bank in an exposed car park

This comes after the town's Royal Bank of Scotland shut its doors for the final time last month.<p>Angry bank customers are being forced to queue in the …

Banking

Stocks - European Markets Open Higher, Draghi Speech Ahead

Investing.com - European markets opened higher on Tuesday, as investors awaited a speech by European Central Bank President Mario Draghi due later in …

Stock Markets

UK's Aldermore agrees $1.3 billion takeover by FirstRand

(Reuters) - Aldermore Group (L:ALD) and South African lender FirstRand (J:FSRJ) said they had agreed on a 1.1 billion pound takeover of the British …

Markets

UK's Aldermore agrees $1.3 billion takeover by FirstRand

LONDON (Reuters) - South African lender FirstRand (FSRJ.J) has agreed a 1.1 billion pound ($1.3 billion) takeover of British banking newcomer Aldermore Group (ALD.L) to boost its business in developed markets.<p>The 313 pence per share offer represents a 22.3 percent premium to Aldermore’s closing …

Business (UK)

Aldermore agrees takeover by FirstRand

Aldermore Group and South African lender FirstRand said they had agreed on a £1.1 billion takeover of the British bank.<p>The 313 pence offer represents …

News (Ireland)

Stocks - European Markets Mostly Lower, Earnings on Tap

Investing.com - European markets opened mostly lower on Monday, as investors were focusing on a fresh batch of corporate earnings reports.<p>The EURO …

Markets

Major UK lenders keep rates on hold for now despite BoE hike

LONDON (Reuters) - Major British banks are keeping most of their mortgage and savings rates on hold for now despite the Bank of England (BoE) raising …

The City

FTSE surges after BoE's 'dovish' hike hits sterling

MILAN/LONDON (Reuters) - Britain’s top share index posted its biggest rise in over three months on Thursday after the Bank of England tempered investors’ expectations on future rate rises, hitting the pound and lifting shares in internationally exposed companies.<p>A red London bus passes the Stock …

Economy

UK doubles interest rates

The Bank of England has increased UK interest rates by 0.25 percentage points to 0.5 per cent - the first rate rise since 2007.<p>Millions of mortgage …

Economy

Savers see early benefits from base rate rise

<b>Savers with the Nationwide, the TSB, the Skipton and the Yorkshire Building Society will be among the first to benefit from the rise in base rates.</b><p>The Yorkshire said all savers on variable rate accounts would receive the full increase of 0.25%.<p>The same will apply to the Yorkshire's two other …

UK News

Bank of England hikes interest rates to 0.5%

The Bank of England has increased interest rates by 0.25 percentage points - the first rate rise since 2007.<p><b>More follows...</b>

Economy

Trip of a lifetime: How mum Mairi plans carefully before adventure with her girl

The Royal Bank of Scotland and Daily Record give key security and safety advice so you can enjoy long-distance travels like Mairi and daughter …

Business (UK)

Don't say 'I do' to scammers when making plans for your wedding day

Don't let landmark moments in your life be ruined by scammers, who con people out of millions of pounds every year.<p>GETTING hitched should be one of …

Business (UK)

Stocks - European Markets Open Mixed Ahead of BoE Decision

Investing.com - European markets opened mixed on Thursday, as investors remained cautious ahead of fresh earnings reports and the Bank of England's …

Stock Markets

Amazon is invading finance without really trying

Many people believe that big technology companies will soon become major competitors to traditional banks. But Amazon has invaded their turf without offering many financial services—its mammoth cloud-computing business is instead reshaping how the financial industry works.<p>Amazon Web Services (AWS) …

Business

10 things you need to know in markets today

Good morning! Here's what you need to know on Wednesday.<p>1. <b>Banks will start taking "irreversible" decisions such as moving staff abroad if no Brexit transition deal is agreed by the end of this year, the head of the City watchdog has warned.</b> Sky reports that Andrew Bailey, chief executive of the …

Business

U.K. Banks Bet a Small BOE Rate Increase Is Good for Business

The Bank of England is seen announcing its first interest-rate increase in a decade this week. Based on their comments this earnings season, U.K. …

Economy

Stocks - European Markets Open Higher, Fresh Earnings on Tap

Investing.com - European markets opened higher on Wednesday, as investors turned to a fresh batch of corporate earnings reports, as well as the …

Stock Markets