Royal Bank of Scotland
LONDON, ENGLAND - APRIL 03: A branch of The Royal Bank of Scotland on April 3, 2013 in London, England. Investors have launched a compensation claim against The Royal Bank of Scotland claiming that the bank misled shareholders about the state of it's books before it collapsed in 2008.
Quotes
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 Scotland
A British woman who took her father`s ashes to a bank said she wanted to prove his death and stop the debt collection letters. Siobhan Peers, 31, of Stockport, England, said her father, David, died of bone cancer at the age of 67 in October 2011, but she has since received about 20 letters from the Royal Bank of Scotland seeking to collect on a $9.17 overdraft debt.More 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 »
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CEO of scandal-ridden UK bank sets new tone
high road. Even though Barclays avoided a government bailout during the global financial crisis-- unlike British peers like Royal Bank of Scotland and Lloyds -- the lender has faced a string of scandals that are costing it billions of pounds.Barclays was fined Read more »
Around the web
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IMF to Urge U.K. to Sell Stakes in RBS, Lloyds -Report
of the public holdings in Royal Bank of Scotland Group PLC (RBS, RBS.LN) and Lloyds Banking Group PLC (LYG, LLOY.LN) should be a priority for the U.K. government, the International Monetary Fund is expected to say Wednesday, according to The Times newspaper 5/21/13 from FOX Business Read more »
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Dump RBS, Lloyds shares: IMF tells Britain
International Monetary Fund (IMF) is set to tell the British government to dump its stakes in Royal Bank of Scotland (RBS) and Lloyds following their bail-out during the financial crisis, The Times has reported. An IMF report on the state of the British economy, 5/21/13 from The Courier Mail Read more »
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EXCLUSIVE: RBS in move to save reputation through sustainability reporting
Bank of Scotland's (RBS) deputy head of sustainability Duncan Young has highlighted the importance of sustainability reporting in shrugging off the negative reputation of his company. Speaking at the Sustainability Communications Forum today, Young noted that 5/21/13 from Environmental Data Interactive Read more »
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Scottish independence: ‘RBS and HBOS may leave’
after independence and base themselves elsewhere in the UK, a former Bank of England deputy governor has warned. Royal Bank of Scotland and the Bank of Scotland would find it harder to finance their operations, according to Sir John Gieve, undermining Scotland’s from The Scotsman Read more »
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Royal Bank of Scotland leads the way as FTSE 100 hits highest level since September 2000
are in any language needed. Funding will be revealed at the Young Ethnic Awards dinner in October.Apply ... An independent Scotland is at risk of a Cyprus-style banking crisis, as its banking sector would be "exceptionally large" compared to the size of its from Edinburgh News Read more »
