Royal Bank Of Scotland

  • RBS to hand over Libor documents to Canada June 1, 2013

    Ottawa: The Royal Bank of Scotland Group has agreed to hand over documents demanded by Canada in its probe into whether the bank was involved in a global interest rate-rigging scandal, Canada's Competition Bureau said on Friday. The move marked a reversal for RBS, which had launched a legal challenge against...
  • RBS to offer philanthropy services in India April 16, 2012

    Mumbai: The Royal Bank of Scotland (RBS) India will offer philanthropy services as a part of its wealth management segment in the country. "We started providing philanthropy services under wealth management in Britain from 2005. As India is one of our key international markets, we will...
  • Royal Bank of Scotland moves more jobs to India March 6, 2012

    London: The state-controlled Royal Bank of Scotland (RBS) has announced that it is to cut 215 full-time jobs, shifting nearly 300 back-office roles to centres in India, in a move that has incensed employee unions. "We have embarked upon a three-year transformation programme across our finance division which will increase...
  • S&P cuts ratings for big global banks November 30, 2011

    New York: Standard & Poor's reduced its credit ratings on 15 big banking companies, mostly in the Europe and the United States, on Tuesday as the result of a sweeping overhaul of its ratings criteria. JPMorgan Chase & Co, Bank of America Corp, Citigroup Inc, Wells Fargo & Co, Goldman Sachs...
  • Budget 2011: Meera Sanyal's corporate hope February 17, 2011

    Ahead of Budget 2011, Meera Sanyal, Chairperson and Country Head, RBS, India hopes that fiscal deficit will be brought down. ...
  • Budget 2011: Meera Sanyal's suggestions February 15, 2011

    Chairperson and country executive of Royal Bank of Scotland in India Meera Sanyal suggests ways to tackle inflation. ...
  • British bank announces nation's biggest loss February 27, 2009

    London: The Royal Bank of Scotland (RBS) on Thursday announced a loss of £24.1 billion ($34.36 billion) in what was described as the biggest annual loss in British corporate history. But the government was forced to threaten legal action after a former chairman was reported to be drawing an annual pension...
  • Troubled Brit bank to honour deal with Sachin February 17, 2009

    London: The Royal Bank of Scotland has decided to honour its $200 million pound contract with top sportspersons, including Indian cricketer Sachin Tendulkar. The Sunday Times newspaper has reported that the bank, under its former chief executive Sir Fred Goodwin, spent £200 million on sponsorship deals with sports stars like Tendulkar,...
  • $149 bn rescue plan for Royal Bank of Scotland January 19, 2009

    New Delhi: World stocks rose on Monday while government bonds fell after Britain launched a multi-billion rescue plan for its troubled banks and the incoming US administration planned more measures to help the economy. The UK government will allow banks to insure against steep losses and guarantee their debt to stop...
  • Royal Bank of Scotland to axe 3,000 jobs: report November 14, 2008

    London: The Royal Bank of Scotland (RBS) is to shed some 3,000 jobs worldwide despite being in line for a 20 billion pound taxpayer bailout, the British media reported on Friday. The Scotsman newspaper said the troubled bank is to axe 15 per cent of its global banking and markets work...
  • Explained: British banks catch the American bug October 8, 2008

    London: Governments across the world are making desperate attempts to rescue their markets. America's $700-billion bailout plan and interest rate cuts haven't helped so far and on Wednesday the British government announced an $87 billion package to rescue its battered banking system. ...