Archive for rbs

Banking reform ’should be more radical’ says Treasury minister Lord Myners

A government review of the banking industry is not thinking far enough “out of the box” says Treasury minister Lord Myners.

RBS contradicts Darling on business loans with new ads

Royal Bank of Scotland has launched an advertising campaign urging business customers to take advantage of their loan deals in a counterattack on the Government’s claims that the banks are refusing to lend.

John Kingman quits UKFI for City riches

John Kingman chief executive of UK Financial Investments UKFI has decided to end his career in public service for a lucrative job in the City.

Brussels gives UK five years to fix RBS and Lloyds

Royal Bank of Scotland and Lloyds Banking Group have just five years to wean themselves off state aid or be “wound down” by Brussels.

Steely Neelie Kroes could incite British mutiny

It won’t take much reading between the lines to work out what the EU competition commissioner’s rules for banks that receive state aid mean when she outlines them on Thursday writes Philip Aldrick.

Sir Fred Goodwin takes lunch with Prince Charles

Sir Fred Goodwin the banker who led the Royal Bank of Scotland into its worst financial crisis enjoyed lunch with the Prince of Wales to mark the end of his tenure as chairman of the Prince’s Trust.

Barclays and RBS ‘will need billions more in capital’

The two banks will have to find billions of pounds if they are to continue growing their investment banks under new rules analysts estimate.

Hester courts Brussels in bid to avoid fire sale

Stephen Hester the Royal Bank of Scotland chief executive has had an “informal” meeting with European competition officials.

UKFI lines up banks to help in Lloyds and RBS sale

Investment banks are being lined up to help the Government offload its £70bn stake in Britain’s two partnationalised lenders RBS and Lloyds.

Government sale of Lloyds and RBS stakes ‘could take years’

Government’s stakes in Lloyds and RBS are currently showing a £10.9bn paper loss according to the body which manages the holdings.

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