Siobhan Kennedy
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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5m
RBS losses rise
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.
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Siobhan Kennedy
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3m
RBS costly apology to small business customers
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.
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Siobhan Kennedy
RBS share sale good for Osborne – but don’t the public get a say?
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.
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FactCheck: has the RBS sell-off lost the government £1bn overnight?
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?
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FactCheck: will we make a profit from the bank bailouts?
Ministers say the taxpayer will end up making a profit after bailing out the banks to the tune of £100bn. But are they telling us the whole story?
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Siobhan Kennedy
RBS sell-off, time to move on?
So George Osborne could sit there and continue to take the flak every time something goes wrong…
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Siobhan Kennedy
More RBS losses – so why such a huge package for the CEO?
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?
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Siobhan Kennedy
UK banks to pay massive fines for rigging foreign exchange market
First it was Libor. Now Britain’s biggest banks are poised to disclose massive fines for their role in the manipulation of the global foreign exchange market, or Forex.
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Siobhan Kennedy
RBS boss outlines plans after bank posts £8.2bn loss
Ross McEwan missed an opportunity to do something bold on Thursday. For starters, here’s a good way to restore trust in Britain’s most mistrusted bank.
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Siobhan Kennedy
RBS: the good, the bad and the ugly
The taxpayer was hit with yet more bad news today, and the prospect of us ever exiting the RBS bank and getting our money back looks as far away as ever.
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Faisal Islam
Extra capital for UK banks. How not paying tax helps
As Britain’s banks “pad up” their capital ratios, Economics Editor explores if RBS, bailed out by the taxpayer, should be able to use its losses to not pay tax?
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Siobhan Kennedy
RBS: to split, or not to split?
Leaks from the banking commission’s report into the majority state-owned RBS show that a clear split is emerging – not with regard to RBS, but inside the commission itself.
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FactCheck: can Scotland avoid paying UK debt?
It’s a simple threat from the SNP: if an independent Scotland can’t keep the UK’s currency, it doesn’t have to take on the country’s debts. But is there any legal basis for this?
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Faisal Islam
King: Split RBS to save the UK economy
In advocating that RBS should be split into good and bad banks, Sir Mervyn King is showing a “major display of independence in his last months in office”.
