Royal Bank of Scotland

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The Royal Bank of Scotland plc (Scottish Gaelic: Banca Rìoghail na h-Alba) is one of the retail banking subsidiaries of the Royal Bank of Scotland Group plc, which together with NatWest and Ulster Bank, provides branch banking facilities in the United Kingdom. Royal Bank of Scotland has around 700 branches, mainly in Scotland though there are branches in many larger towns and cities throughout England and Wales. The Royal Bank of Scotland and its parent, the Royal Bank of Scotland Group, are completely separate from the fellow Edinburgh based bank, the Bank of Scotland, which pre-dates the Royal Bank of Scotland by 32 years. The Bank of Scotland was effective in raising funds for the Jacobite Rebellion and as a result, The Royal Bank of Scotland was established to provide a bank with strong Hanoverian and Whig ties.

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RBS to cut 1,400 jobs over next two years

Source: Business Balla   |   May 16 2013, 9:46pm CDT

RBS to cut 1,400 jobs over next two years
London, May 17 (IANS) The Royal Bank of Scotland (RBS) has that it will cut 1,400 jobs over the next two years as part of plans to restructure its retail head office operations in Britain, a media report said.
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Market Report: Rough ride endured by rattled retailers

Source: The Independent  |   May 24 2013, 7:19pm CDT

Retailers had a tough time on the markets yesterday, with analysts sticking the knife in and investors dumping stock as the FTSE ended its month-long climb. High-street mainstay and catalogue retailer Next had a torrid time after scr ...

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Liquor production in Russia drops 23 percent
Liquor production in Russia drops 23 percent
Moscow, May 25 (IANS/RIA Novosti) Production of vodka and other spirits in Russia dropped 23.3 percent in the first four months of 2013 year-on-year to 5.7 million decaliters, a report said.
 
Russian social network blacklisted by mistake
Russian social network blacklisted by mistake
Moscow, May 25 (IANS/RIA Novosti) Vkontakte, Russia's biggest social networking website, was put on a state registry of blacklisted websites by mistake Friday, an official said.
 
Menopause can affect memory
Menopause can affect memory
Chicago, May 25 (IANS) New research suggests women who have hot flushes during menopause, could also suffer memory issues.
 
 

Banks given ultimatum to plug their black holes

Source: The Telegraph UK  |   May 24 2013, 7:14pm CDT

Warning to sort out capital shortcomings amid frustration over the delays Note: We do not store your email address(es) but your IP address will be logged to prevent abuse of this feature. Please read our Legal Terms ...

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RBS to shut 7 India branches to consolidate ops

Source: Economic Times  |   May 24 2013, 4:03pm CDT

MUMBAI: Royal Bank of Scotland on Friday said it will shut seven bank branches to consolidate its retail and commercial banking business in the country. The winding down of the bank's retail and small and medium enterprises business was announced i ...

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Co-op Bank stops lending to new corporate clients

Source: Reuters.co.uk  |   May 24 2013, 2:21pm CDT

A sign is seen outside a branch of the Co-operative Bank in central London May 10, 2013. LONDON (Reuters) - The Co-operative Bank has stopped offering loans to new business customers, part of measures designed to quell growing c ...

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Business News: Stock Market report: May 24, 2013

Source: ic Liverpool  |   May 24 2013, 12:52pm CDT

BLUE-CHIP shares slipped back again today as the FTSE 100 Index continued its retreat from near-record highs after a previous session that saw the London market’s biggest fall in a year. Traders continued to take profits after a 14% rise in t ...

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FrontPoint Fund Sues Over Libor Losses

Source: FIN Alternatives  |   May 24 2013, 12:39pm CDT

FrontPoint Partners' demise is widely attributed to the a major insider-trading scandal that sent one of its top hedge fund managers to prison. But the estate of one of the defunct firm's hedge funds has a ...

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RBS' Mobile App Disrupted by IT Issues

Source: American Banker  |   May 24 2013, 11:42am CDT

Sharp bookkeepers could spot a kite in progress, but, more often than not, they were too hurried to give the ledgers a second look... Editor's Note: Morning Scan will not publish on Monday, May 27, in observance of the Memorial Day ho ...

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