Tag Archives: RBS Bank

RBS is closing its bad bank

Reported by | Updated: December 1, 2017

RBS said it is shutting its ‘bad bank’ which it set up to take care of the toxic assets created during the financial crisis. The bank said in an internal memo that it is finally shutting the ‘non-core’ bank, after the division racked up more than 50 billion pounds of cumulative losses. The bad bank […]

RBS investors want panel on governance

Reported by | Updated: January 2, 2017

Investors in Royal Bank of Scotland told the bank to set up a committee of shareholders to improve its corporate governance and help avoid repeat of mistakes that led to the 45-billion-pound bailout by the government. Around 160 investors have signed a petition in this regard. ShareSoc and UKSA, two shareholder groups, will submit the […]

RBS fails stress test

Reported by | Updated: December 1, 2016

Royal Bank of Scotland has failed in a stress test administered by Bank of England and will be required to add around £2 billion in capital. The central bank’s annual exercise to determine the health of banks in the country exposed two other banks – Barclays and Standard Chartered – too but these banks need […]