RBS Computer Systems Hit By Cyber Attack

RBS Computer Systems Hit By Cyber Attack Yesterday, Royal Bank of Scotland websites suffered a cyber attack that left some customers unable to gain access to their accounts. This was the group's second computer crash in less than a week.

The bank issued a statement yesterday saying that sites were again running and there was no risk to customers.

£95m settlement over sub-prime securities for RBS

£95m settlement over sub-prime securities for RBSStandard & Poor's downgraded The Royal Bank of Scotland  and its core operating subsidiaries to A-/A-2, from A/A-1.

It  also gave the bank a "negative outlook".

RBS has expressed disappointment after its credit ratings were downgraded by Standard & Poor's .

Speculations with Regard to RBS Takes Place

Royal-Bank-of-ScotlandIt was during this month only that Ross McEwan has replaced Ross McEwan for the post of the new head of Royal Bank of Scotland.

McEwan seems to face tough time. It has been said so as a number of questions are being raised about the future structure of the bank. In the meanwhile, McEwan will be presenting the first set of bank results.

Government Brazens Out Critics by Entertaining Applications Three Months Earlier

RBS-Lloyds-BankingCritics of the Help to Buy initiative of the government have recently been confronted by it. The government declared that applications would from this week be welcomed by it for the loan guarantees.

As per the findings, the scheme's second phase is formed by the loan guarantees.

The acceptance of the applications would happen three months prior to the planned time.

British Lawmakers Encourage Campaign for Break-Up of RBS

Royal-Bank-of-ScotlandChancellor of the Exchequer George Osborne has been urged by British lawmakers on Tuesday to spin off the state-rescued Royal Bank of Scotland into good and bad banks. The Parliamentary Commission on Banking Standards wrote a letter to the Financial Times, saying it was important to examine all the options for RBS's future structure as a matter of urgency.

Toscafund Takes 3.75% Stake in Bidder for Sale of 318 RBS Branches

RBSToscafund has taken 3.75% stake in one of the bidders for the 318 RBS branches up for sale. The $1.3 billion hedge fund was chaired by former RBS chairman Sir George Mathewson.

It is hoped that W & G Investments will buy the branches for £1.1bn. It has disclosed this to its financial supporters through documents filed ahead of its intended listing on the Aim market this week.