613 items found
We spoke to the Conservative Chair of the Health and Social Care Committee Steve Brine.
New curbs on online slot machines could limit young gamblers to a stake of between two and fifteen pounds – under the government’s long awaited plans to toughen up regulations. The White Paper which was published today has promised greater protection for 18-24 year olds – as well as introducing ‘affordability’ checks for punters who…
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.
The City regulator is refusing to publish a report it commissioned into the way RBS’s global restructuring group treated its small business customers. The Financial Conduct Authority said making it public could undermine its ability to supervise firms because it would reveal confidential information. Some businesses affected by the scandal claim they were deliberately pushed…
Former Prime Minister Tony Blair has called for a curb on immigration, allowing Britain to control the number of people entering the country without leaving the EU. But critics said his change of heart had come too late.
It’s the scandal that continues to dog the Royal Bank of Scotland. Many small companies have complained bitterly of their treatment at the hands of the state-owned bank. RBS has always maintained any problems were due to past management mistakes. But Channel 4 News has been speaking to one company who says its problems continued…
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.
The treasury has announced a major new initiative for the ailing publicly-owned Royal Bank of Scotland. It has been struggling to sell off its branches south of the border – a key part of the conditions placed upon the rescue deal which stopped it going bust. The government’s now proposing a new £750m plan for RBS…
Siobhan Kennedy
The US Department of Justice is going after all the banks involved in mis-selling sub-prime and RBS is the last (and biggest offender) on its list. So today – in anticipation of that mega fine – RBS has set aside another £3.1 billion – bringing the total allocated for sub-prime to £6.7 billion.
The Bank of England has warned that the outlook for Britain’s financial stability “remains challenging” in the wake of the Brexit vote – and the governor, Mark Carney, has told this programme that the election of Donald Trump as US President could accelerate the slowdown in global trade.
Siobhan Kennedy
Many would see today’s headlines and sigh. RBS forced to put aside another £400 million in compensation for past bad behaviour.