Rbs

Sir Howard Davies Royal Bank of Scotland's non-executive director John Hughes is stepping down from the board due to ill health, just two months after he joined.

Progress continues towards a settlement in a court action brought by thousands of shareholders against the Royal Bank of Scotland, senior counsel has said. At the High Court in London, Jonathan Nash QC, for the shareholders, updated Mr Justice Hildyard on the case.

Ross McEwan RBS has reached an out-of-court settlement with a group of shareholders who alleged they were misled by the bank in the run-up to its £12 billion rights issue in 2008.

Alison Rose Royal Bank of Scotland has announced the launch of a new digital platform where small and medium sized businesses will be able to obtain unsecured loans of up to £150,000 within hours.

RBS is bracing itself for the annual rammy over bonuses at the loss-making, state-owned bank. Sky News reports that the bank is finalising plans to announce £340 million in bonuses – roughly in line with last year’s £370 million and well down on the 2008 figure of £1.8 billion, when the bank

Sir Howard Davies RBS chairman Sir Howard Davies has warned that banks may have to pull operations out of the UK unless satisfactory transitional arrangements for the country’s exit from the EU are drawn up soon.

RBS and NatWest are refunding tens of thousands of customers who were wrongly charged interest on student overdrafts over a 14-year period. The bank currently offers students interest-free overdrafts and often customers are offered the option of raising their limit mid-way through their course.

Royal Bank of Scotland stands to pocket at least £150 million after the sale of Vocalink, the payments and cashpoint processing giant that it co-owns. The part-state owned lender is one of 18 banks behind Vocalink, which is being sold to Mastercard in a deal worth up to £869m.

Unite, the banking union, has criticised the Royal Bank of Scotland’s proposals to relocate more jobs to India. The union has called out state-backed lender Royal Bank of Scotland on its plans to move another 66 jobs from Britain to India, calling it a gross betrayal of the bank’s workforce.

Another week and its another legal action for RBS. It has now emerged that the 73 per cent state owned bank is being sued for £145 million by liquidators at Grant Thornton acting for the creditors of a number of fraudulent companies engaged in a VAT carousel fraud in which carbon credits were being

RBS is to face another major legal action over the alleged mis-selling of interest rate swaps at a time when bosses are said to have known of Libor-rigging. The state-owned bank denies the accusations made by Stuart Wall, head of student accommodation company Opal Property, until it collapsed in 201

Alison Rose, CEO Specialist lender Together has joined RBS’s Capital Connections pilot scheme for business banking customers who are unable to borrow directly from the bank.

This weekend RBS sponsored Britain's high-profile LGBT annual awards. It is a further sign that the sector is taking gender issues seriousl. Mark McFall examines how the Scottish financial sector is seeking to become more inclusive. 50% of Generation X see gender as being on a spectrum. Many financ

RBS weighs shock NatWest spin-off in bid to save W&G project The Sunday Telegraph has reported that the Royal Bank of Scotland has begun drawing up alternative ways to finally separate Williams & Glyn, with a possible option involving NatWest being hived off too.

At the moment there is no shortage of claims against banks. It seems that every other week another swap misselling or GRG claim rears its head. Some claimants have already received favourable decisions and others are still in the process of pulling together their claims. There has yet to be, however