• 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 »

  • 02 Jul 2013 at 4:16 PM
  • Banks

Look Who Gets To Smash RBS Into Little Pieces

The British are turning to a long-time collaborator to help handle their latest intractable issue. Read more »

  • 19 Jun 2013 at 6:05 PM

UK Considering Taking An Ax To RBS

The British government is considering breaking up Royal Bank of Scotland Group, the country’s Treasury chief said Wednesday, a potentially radical move that underscores policy makers’ mounting frustration with their inability to arrest a five-year banking crisis. George Osborne, the U.K.’s Chancellor of the Exchequer, said the Treasury “will urgently investigate” the case for splitting RBS—which is 81%-owned by the government following a 2008 bailout—into two separate banks: one housing the lender’s healthy assets and the other containing its hefty pile of troubled loans and securities. “We will see whether it’s right for Britain to, in effect, see RBS broken up,” Mr. Osborne said in his annual speech to London’s financial community, a black-tie affair that has become a regular venue for unveiling major news about government banking policy. [WSJ]

  • 13 Jun 2013 at 12:09 PM

Layoffs Watch ’13: RBS

Stephen Hester is in good company. Read more »

Who Wants To Be CEO Of RBS?

Chairman Phillip Hampton will lead a search for a CEO successor and will consider both internal and external candidates, the bank said. It may be difficult to find a replacement given the political interference in how it is run, said Crispin Odey, whose London-based Odey Asset Management LLP oversees $9.5 billion. “The real problem for the government is that they’ve made the job look so unattractive that I can’t imagine who they are going to fill it with,” said Odey, who said he sold his RBS shares because of government meddling in the bank. [Bloomberg, earlier]