RBS

Earlier this week, Royal Bank of Scotland CEO Ross McEwan announced that he had a new professional goal for himself. “My aspiration is not to run the world’s biggest bank,” he said via video posted on the bank’s website. “My aspiration is to run the best bank in the UK – nothing to do with size.” What role will the men and women who make up Team RBS come in vis-à-vis said aspirations? That’s where this conversation gets awkward. Read more »

RBS’ (alleged!) mortgage-backed chicanery has put a real crimp on the woodsmiths’ vacation plans for the last few years. Now, however, the perfidious Scots have agreed to pay up, ensuring quite an upcoming summer down the Shore. Read more »

Ian Drysdale knows what we’re talking about. Read more »

  • 06 Dec 2013 at 3:28 PM

Glitchstock ’13 Comes To Consumer Banking

Just in time for the holiday season, some hackers and/or technological ineptitude is making it hard for some people to buy things. Read more »

Time was, RBS had a lax policy on its employees manipulating the price of securities. It wasn’t something management had ever expressed a problem with and certainly no one was going to get fired for doing so, if it was even noticed, which typically it was not. Which is why trader Alex Mallinson felt comfortable engaging in a little market abuse, and why Alex Mallison would’ve continued engaging in a little market abuse, if one guy hadn’t come along and ruined things for the whole group. Read more »

  • 02 Aug 2013 at 1:42 PM

Bonus Watch ’13, ’14, ’15, Beyond: RBS CEO’s

The new guy is well-aware you don’t make friends with salad and/or enormous packages (base pay/pensions/etc excepted). Read more »

  • 30 Jul 2013 at 4:49 PM

Controversial RBS Share Sale Was Totally Worth It

Fact: The rights issue in question brought in £12 billion as the bank teetered on the brink.

Fact: The lawsuits stemming from that rights issue may cost it £4 billion, give or take. Read more »