RBS is preparing to name its next Chairman, with Sir Howard Davies in the frame for leadership of one of the world's largest financial institutions, despite controversy over a previous deal with Saif Gadaffi whilst in a senior position at the London School of Economics
Read moreAnalysts at JP Morgan have predicted that the taxpayer-owned financial institution faces the biggest remaining bill for misconduct of the major UK banks, more than six years after its £45 billion bail-out, however profit continues to be strong
Read moreLarge banks which were fined by global regulators for FX rate manipulation have deducted a proportion of the cost of the fines from bonus pools, resulting in curtailed remuneration for many executives
Read more"To be clear, no further bonus payments will be made or unvested bonus awards released to those in scope of the review until it has concluded and its recommendations have been considered" - Jon Pain, Head of Conduct and Regulatory Affairs, RBS
Read moreLaw enforcement agencies in Britain are beginning to arrest individual traders who were employed by banks involved in the FX rate manipulation, with British government officials and city veterans calling for more arrests and criminal prosecutions
Read moreA 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?
Read moreUK regulated financial services companies had better ensure that their IT systems work properly. Using the excuse 'it was a computer glitch' doesn't fly any more. UK financial regulator the Financial Conduct Authority (FCA) has today fined the Royal Bank of Scotland (NYSE:RBS), National Westminster Bank (NatWest) and Ulster Bank a total of £42 million (about…
Read moreIn preparation for the announcement of third quarter results for 2014, three of London's banking giants set aside £1 billion for potential settlement with the FCA on FX rate manipulation
Read moreScotland's very own RBS, one of the largest FX dealers in the world, prepares to leave its home country for London if the celtic nation goes it alone
Read moreLondon-based global financial heavyweight Barclays has experienced a downturn in its FX division recently, but its employees are unlikely to jump ship to RBS and HSBC despite their greater revenues
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