Lloyds and RBS plan move out of
Lloyds and RBS have both confirmed that they could re-domicile to the UK if Scotland votes for independence in next weeks referendum.
Rbs
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coutts intl could be sold off within months
RBS aims to sell off the international business of Coutts as the ‘Plan A’ part of its strategy to focus on building its UK operations.
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RBS considers sale of intl division
The Royal Bank of Scotland is considering selling the international operations of its private banking arm, Coutts.
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RDR helps Coutts but RBS losses weighs
The RDR offering at Coutts has attracted more than £2bn in assets, though the private bank’s parent, state-backed lender Royal Bank of Scotland (RBS), will this morning have struggled to please investors after it posted a £634m quarterly loss.
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RBS insider McEwan touted for top job
Royal Bank of Scotland is remaining tight-lipped following speculation Ross McEwan, chief executive of the bank’s UK retail business, is a favourite to take on the top job at the bank following the forced resignation of Stephen Hester last month.
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Public to remain wary of banks
The majority of the British public believe it will be five years before faith is restored in scandal-hit UK banks, according to a survey conducted by CISI.
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Lloyds trumps RBS in minds of the people
The public has more faith in Lloyds Bank than RBS with almost two-thirds stating they would participate in an initial public offering (IPO) in the bank compared to 43% who would do so for RBS.
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Hester forced to quit
Stephen Hester has been forced to step down as chief executive of RBS ahead of the announcement next week that it is to be returned to the private sector in a “British Gas style” public sell off.
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Pain hired to ease RBS woe
RBS has drafted in former FSA managing director of supervision Jon Pain in a bid to salvage its reputation following a series of high profile transgressions including Libor fixing and misselling of PPI.
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rbs least favoured stock in the sector
RBS’s share price fell 4.5% in the first 10 minutes of trading on Friday, despite the announcement of its strongest quarterly performance for a number of years.
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govt reshaping banking sector hit by setbacks
The pace of change on the UK high street is such that within hours this morning instead of being owned by another banking group, branches of Lloyds TSB could be made available to Joe Public instead.
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gilliat choice of counterparty
Gilliat is offering investors the choice of Morgan Stanley and Royal Bank of Scotland as counterparties for its latest launch.