Royal Bank of Scotland
David Lipton, First Deputy Managing Director of the International Monetary Fund (IMF), addresses a press conference at the conclusion of the IMF mission for the 2013 Article IV Consultations with the United Kingdom in central London, on May 22, 2013. The International Monetary Fund urged Britain's government to adopt a 'clear' plan to sell its stakes in state-rescued lenders Royal Bank of Scotland and Lloyds Banking Group, but warned it may first need to inject more capital.
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Quotes
The PRA has set out the capital requirements for Lloyds Banking Group and Royal Bank of Scotland. The two banks have advanced their plans to a position where disclosure is appropriate.
It is worth noting that, if Scotland became independent, its banking sector would be similarly concentrated (with two large players, Bank of Scotland and Royal Bank of Scotland and a number of smaller firms), and that an independent Scotland's domestic banking sector would be likely to be significantly larger than that of Cyprus (assuming no change to firms' domicile arrangements).
By comparison, the Scottish retail deposit market is far more concentrated: it would be dominated by two large banks – Bank of Scotland, and Royal Bank of ScotlandMore quotes »
Newsday's coverage
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RBS says gov't stake could be sold within year
-- Royal Bank of Scotland predicted Friday that the government should be able to start selling its stake within a year, as it reported a first-quarter profit of 393 million pounds ($611 million), up from a loss of 1.5 billion a year earlier.CEO Stephen Hester Read more »
Around the web
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Did the Bank of England cry wolf?
was created that dramatic evasive action would be taken to mend our banks - especially the two perceived to be weakest, Royal Bank of Scotland (RBS) and Lloyds. In the event, after weeks of negotiation with their day-to-day supervisor, the Prudential Regulation 2:53 AM from BBC News Read more »
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Osborne told to expect losses in RBS sale
been warned his austerity drive will hurt the economy and that he must be prepared to lose billions of pounds selling off Royal Bank of Scotland (RBS). George Osborne has been warned his austerity drive will hurt the economy and that he must be prepared to from Herald Scotland Read more »
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Five tips for the female trader
Rose, head of markets and international banking for Europe, the Middle East and Africa at the Royal Bank of Scotland, said: “My advice to anyone thinking of a career on the trading floor is not to let pre-conceptions about people or the environment stand in from Financial News Read more »
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Government plans to sell-off Lloyds and RBS set to be unveiled within weeks
Government could outline its strategy for re-privatising Lloyds and Royal Bank of Scotland within weeks. Chancellor George Osborne confirmed on Wednesday he will reveal plans after the influential banking commission of MPs and peers publishes its final report. from Daily Mail - UK Read more »
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IMF asks UK to privatise state-rescued banks
Fund on Wednesday urged Britain’s government to adopt a “clear” plan to sell its stakes in state-rescued lenders Royal Bank of Scotland and Lloyds Banking Group, but warned it may first need to inject more capital. “A clear strategy is needed for the two government-intervened from GulfToday.ae Read more »
