RBS: what now for the troubled bank?
Many would see today’s headlines and sigh. RBS forced to put aside another £400 million in compensation for past bad behaviour.
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Many would see today’s headlines and sigh. RBS forced to put aside another £400 million in compensation for past bad behaviour.
RBS has made a public apology and offered up to 400 million pounds in compensation over the way it treated many of its small business customers.
RBS is fined £56m for an IT problem that left one in ten locked out of their accounts. The regulators who imposed the fine say it’s big enough to make the bank “sit up and take notice”.
You could argue that it’s us the taxpayer – the people who bailed out RBS in the first place – that should have been given first dibs to buy the shares.
The government has sold a 5.2 per cent stake in RBS for 330p a share – £2.1bn. But was it a billion pound loss or an astute financial decision in an uncertain market?
Chancellor George Osborne says the sale of 5.4 per cent of RBS will pay down the national debt, but the reduced price raises questions about the timing and speed of the sale.
About 600,000 expected payments to RBS customers were not made because of computer problems at the banking group.
So George Osborne could sit there and continue to take the flak every time something goes wrong…
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RBS today announced a £3.5bn loss for 2014 – the bank’s seventh straight year of losses. So is it right that CEO Ross McEwan should take home an overall package of about £2.6m?
Royal Bank of Scotland reports a £3.5bn loss for 2014 – down from £9bn a year earlier – and announces the appointment of Sir Howard Davies as its new chairman.
French journalist Nora Hamadi tells Channel 4 News that racism and tensions in the suburbs are to blame for terrorism in France following the latest Charlie Hebdo siege.
Andrew Tyrie MP says it is unacceptable that RBS bosses gave evidence to the Treasury committee that needed correction, but is reasonably sure it was not lied to.
RBS is accused of deliberately driving small businesses to the wall for their assets – and now it has emerged that the bank’s bosses have apologised for giving inaccurate evidence to parliament.
Royal Bank of Scotland and NatWest are fined £14.5m after the City regulator finds “serious failings” in its advice to mortgage customers.