RBS to slash 3,500 jobs further

RBS to slash 3,500 jobs furtherThe bank which is more than 80% government-owned, the Bank of Scotland, is planning to slash 3,500 jobs from its technical and back office department in the UK.

Approx a third of the job fatalities are as a outcome of RBS selling 318 of its wings to Santander, curtailing its number of customers and dealings.

The trade union, Unite portrayed the jobs losses as a horror story.

RBS and the hobble

RBS and the hobbleRoyal Bank of Scotland’s retail chairperson Brian Hartzer is quaking up the portion -state-owned bank’s capital business by outlining in investment banker Rory Tapner, the former chairman and the chief executive of UBS’s Asian process.

Bouncing banks still mysterious

Bouncing banks still mysteriousYesterday Royal Bank of Scotland concluded with a week that has witnessed a much more sturdy- gazing consignment of consequences from the sector.

RBS's outcome was the worst of the harvest, but this is possibly because it had the earnest hole from which to scramble.

RBS hurt by FSA investigation

RBS hurt by FSA investigationThe Queen's bank, Coutts, is under inspection from the financial market supervisory body over a fund it vends to customers covering TV presenter Jeremy Clarkson, it come into view yesterday.

RBS, owning Coutts, reveals the Financial Services Authority examination during its interim outcome yesterday. This paves in just days since the watchdog's delivered RBS with a record penalty.

RBS UAE units being eyed by Emirates NBD

RBS-EmiratesNBDAs per the informed sources, the Emirates NBD, the largest bank in the country, and Mashreq might be targeting the UAE's retail operations of Royal Bank of Scotland (RBS).

Emirates NBD Chief Executive Officer Rick Pudner described the bank as being pretty interested in that asset. He informed this on the sidelines of the annual general meeting of shareholders previous week

RBS incorporates UAE in its crisis vulnerable list

RBS incorporates UAE in its crisis vulnerable listIn a move that could derail investor confidence in the United Arab Emirates (UAE), the Royal Bank of Scotland Group Plc (RBS) has included the region in its most probable to debt crisis list. A local business journal Arabian Business said that the bank made its prediction based on country's liquidity, solvency, GDP growth, inflation and exchange rate volatility.