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Santander abruptly pulls out of a deal to buy more than 300 branches of Royal Bank of Scotland amid qustions about why the deal fell apart after more than two years.
Former Royal Bank of Scotland chief executive Fred “the shred” Goodwin loses his knighthood in a “very political strip show”, as Channel 4 News Political Editor Gary Gibbon reports.
Politicians and unions have criticised as “out of touch” the £963,000 bonus package awarded to Royal Bank of Scotland boss Stephen Hester.
As an FSA report into the failure of Royal Bank of Scotland blames its own light-touch regulation and poor management, the bank’s chairman tells Channel 4 News he supports tougher sanctions.
A report into the failure of Royal Bank of Scotland (RBS) by the FSA will blame light-touch regulation and a catalogue of financial errors for pushing it to a taxpayer bailout in 2008.
Royal Bank of Scotland, which is majority owned by the UK taxpayer, has stopped lending money to manufacturers of banned cluster bombs after pressure including a Channel 4 News investigation.
Royal Bank of Scotland Chief Executive Stephen Hester could get up to £4.5 million in shares, a sum Faisal Islam is going to be very awkward for the Government to justify.
A report into the collapse of the Royal Bank of Scotland will not be a “blow by blow account”. Business Secretary Vince Cable tells Channel 4 News it’s “a highly unsatisfactory position”.
Senior managers at the Royal Bank of Scotland will not face any disciplinary action over the mistreatment of small businesses left struggling after the financial crisis. The bank’s controversial Global Restructuring Group has been accused of deliberately driving small firms into the ground so it could sell off their assets on the cheap. Furious business…
The Royal Bank of Scotland has become profitable for the first time in a decade, hailing it as a “really symbolic moment”. The bank, majority owned by the taxpayer, went from a £6.95 billion loss to a £750 million annual profit. I have been speaking to the RBS boss Ross McEwan.
For years, a report on how the Royal Bank of Scotland allegedly forced hundreds of small businesses to the wall has been kept under wraps. Despite repeated requests, the Financial Conduct Authority, which regulates banks, has refused to publish its full findings on the scandal, releasing only a summary last autumn. Tomorrow, MPs are expected…
The Financial Conduct Authority has launched a further investigation over the way Royal Bank of Scotland allegedly mistreated thousands of small business customers during the financial crisis. The new probe was launched as it published a long-awaited report into the activities of RBS’s controversial GRG unit.
Siobhan Kennedy
The plan had been for the Chancellor and the Lloyds bank boss Antonio Horta-Osorio to go on a walkabout at an apprenticeship training centre in Coventry. A mutual back-slapping moment to celebrate, almost a decade on, the return of the once beleaguered Lloyds into private ownership. But the general election happened and purdah rules knocked…
Oops, they did it again. Another multi-billion pound loss, for the ninth year in a row. In fact, the Royal Bank of Scotland lost £7 billion last year, more than three times the amount they lost in 2015.
Siobhan Kennedy
For every one of the past nine years, Ross McEwan or his predecessor has used a bad results day to reassure investors of good times to come. Only those good times have failed yet again to materialise.