RBS takes down its interest in Citizens by 50%, aims to raise $3 billion LeapRate

March 24, 2015 BY Andrew Saks-McLeod

RBS takes down its interest in Citizens by 50%, aims to raise $3 billion

As a result of public discourse over RBS' 80% ownership by taxpayers following its near-collapse in 2008 after a period of aggressive expansion, RBS is focusing its efforts on home soil, with plans to sell $3 billion worth of stock in Citizens Financial Group, and to pull out of most European, Middle Eastern and Asian markets, with a potential 19,000 jobs to go

December 04, 2014 BY Andrew Saks-McLeod

Is RBS feeling the pinch after the FX rigging fines? Bank asks staff to help out with DIY and cleaning

A memorandum has been circulated to RBS staff asking them to commit spare time to extra-curricular activities such as minor repairs, maintenance and cleaning - could the financial giant be feeling the pinch post-FX manipulation fine?

July 04, 2014 BY Andrew Saks-McLeod

Barclays Chairman Sir David Walker warns against Forex industry over-regulation

Barclays Chairman has established a compliance academy in conjunction with Cambridge University, believing that internal procedure and corporate responsibility is a better approach to good conduct within major FX dealers as opposed to draconian regulation.

Tag: british bank