Royal Bank of Scotland is to announce a restructuring this week to create a non-core division into which unwanted assets will be placed, a banking industry source said on Sunday.
Royal Bank of Scotland Plc is set to unveil up to 20,000 job losses next week as part of tough cost-cutting targets, the Financial Times reported on Saturday.
Royal Bank of Scotland said Monday it expects its losses for last year could grow to 28 billion pounds or $41.3 billion, the biggest loss registered in U.K.'s corporate history.
Royal Bank of Scotland (RBS) said on Wednesday that its results for the first six months of the year should be satisfactory and in line with previous guidance.
Royal Bank of Scotland (RBS) has cut 200 jobs this week in parts of its debt and investment banking units most affected by the economic slowdown.
Commodity OnlineDUBAI: Dubai, the Asian hub for major trading in gold, is gearing up to host sixth annual Dubai City of Gold Conference. The conference will take place between April 12th and 13th at the Park Hyatt, Dubai.
Top bankers at ABN AMRO NV are threatening a fight with Royal Bank of Scotland over 750 million euros ($1.11 billion) of bonuses they want paid out, a newspaper reported on Monday.
ABN AMRO said on Thursday its private banking arm had hired a team of six private bankers from rival HSBC Holdings Plc in Taiwan, the latest move to highlight the industry's fierce battle for talent in high-growth Asia.
Italian bank Banca Monte dei Paschi di Siena on Thursday said it has agreed to buy Banca Antonveneta from Spanish bank Banco Santander for 9 billion euros ($13.2 billion) to boost its presence in Italy.
Crude oil for December delivery climbed to a record $98 a barrel in after hours trading Wednesday, adding to strong gains in the previous session that saw the energy contract into record territory Tuesday.
Dutch bank ABN AMRO's new owners voted Royal Bank of Scotland executive Mark Fisher as the Dutch bank's chief executive at a shareholder's meeting on Thursday, the lender said.
Oil bounced off early lows to hover around $90 a barrel on Wednesday after some profit-taking from this week's record high, as the market awaited a key rate decision in the U.S. and data on crude inventories there.
China has the world's largest commercial bank, its biggest aluminum maker, its No. 2 oil firm and its fourth-largest investment bank. It has five of the world's 10 biggest companies, versus three for the United States.
Europe's banks are considering their next move after ABN AMRO succumbed to the world's biggest bank takeover.
Royal Bank of Scotland board member Mark Fisher is nominated to replace ABN AMRO's outgoing Chief Executive, Rijkman Groenink, after the 70 billion euro ($99 billion) takeover of the Dutch bank.
Spain's largest bank Santander is close to sealing a deal to sell its property holdings for a total of about 4 billion euros ($5.65 billion), banking sources said on Wednesday, confirming newspaper reports.
