RBS confirms Alison Rose as new CEO
Royal Bank of Scotland Group plc (RBS) on Friday confirmed the appointment of Alison Rose as chief executive officer (CEO). Rose becomes the first woman…
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RBS mulls HSBC’s Stuart ‘but Rose still CEO favourite’
Royal Bank of Scotland has approached Ian Stuart, the boss of HSBC’s UK operation, about possibly becoming its next chief executive, according to a report…
RBS hires crypto exec to be CEO of its digital bank
NatWest Holdings, a subsidiary of Royal Bank of Scotland Group, said on Tuesday it appointed Marieke Flament as the first chief executive officer of Mettle,…
RBS gains £400m as Saudi bank merger completes
Royal Bank of Scotland Group plc said the completion of the merger of Alawwal Bank and Saudi British Bank would release capital that will have…
RBS appoints agents for £173m London HQ sale
The Royal Bank of Scotland has appointed agents to sell its former London headquarters in the City of London, according to a report in Property…
RBS boss: there are two internal candidates for CEO
Royal Bank of Scotland CEO Ross McEwan told an LBC radio show on Friday that RBS is considering two internal candidates to be the company’s…
RBS CEO McEwan resigns; Alison Rose may succeed
UPDATE 4 — Royal Bank of Scotland said on Thursday that Ross McEwan has resigned from his role as chief executive officer (CEO). RBS said…
RBS appoints Katie Murray chief financial officer
Royal Bank of Scotland Group plc (RBS) announced on Tuesday the appointment of Katie Murray as executive director and chief financial officer (CFO), with effect…
RBS Brexit plan to move £13bn to Netherlands
Royal Bank of Scotland on Thursday updated its shareholders on the legal process for its plans to move up to £13 billion worth of business…
RBS promotes Alison Rose to deputy CEO role
Royal Bank of Scotland (RBS) said on Wednesday that Alison Rose is to become the deputy CEO and a director of NatWest Holdings (NWH), the…
RBS to cut another 54 branches and 258 jobs
Royal Bank of Scotland said on Wednesday it will close a further 54 branches and cut 258 jobs in a move that is related to its…
800 jobs lost as RBS closes 162 branches
Royal Bank of Scotland said it will cut almost 800 jobs and close 162 branches following a review of its branch network in England and Wales….
RBS to pay £3.5bn into pension ahead of ring-fencing
Royal Bank of Scotland said it will make total payments of up to £3.5 billion into its pension scheme in the coming years, clearing one of the…
Anger as RBS ‘decimates’ its branch network
RBS said it will close roughly a quarter of its branches — 62 Royal Bank of Scotland branches and 197 NatWest branches — and cut…
RBS makes £939m H1 profit; plans Netherlands move
UPDATE 1 — Shares of Royal Bank of Scotland rose on Friday after it posted an attributable profit of £939 million for the first half…
‘Alpha male culture contributed to RBS demise’
Virgin Money CEO Jayne-Anne Gadhia — a former leading executive at Royal Bank of Scotland — said in an interview that the “alpha male” culture…
Surprise as Higgins retires from Tesco Bank
Edinburgh-based Tesco Bank sprung a surprise on Tuesday when it announced that its CEO Benny Higgins would retire from Tesco in February 2018. Higgins joined Tesco…
RBS welcomes Moody’s upgrade to investment grade
Credit rating agency Moody’s has upgraded its rating on Royal Bank of Scotland Group to investment grade, saying the move reflected the group’s “stronger standalone financial…
Benny Higgins new chair of National Galleries board
Tesco Bank chief executive Benny Higgins is to succeed Ben Thomson as the new chair of the National Galleries of Scotland (NGS) board. The appointment is…
RBS reports first quarterly profit since 2015
UPDATE 2 — Shares of Royal Bank of Scotland jumped 5% on Friday after it reported a first quarter attributable profit of £259 million, its first quarterly profit…
Litigation, conduct costs push RBS to £7bn loss
Royal Bank of Scotland said it made an attributable loss in 2016 of £6.95 billion which included litigation and conduct costs of £5.87 billion and restructuring costs of £2.1 billion….
FreeAgent shares soar on RBS contract win
Shares of Edinburgh-based FreeAgent Holdings, which provides accounting software for small businesses, rose for a second successive day following the announcement that it won a major contract with…
RBS revamps with ring-fencing and re-branding
Royal Bank of Scotland on Friday attempted to explain how the legal entity structure of the RBS group is expected to change over the next two years…
RBS loss £2bn amid legacy, litigation ‘plague’
Royal Bank of Scotland reported an attributable loss of £2.04 billion for the first half of 2016 — compared to a £179 million loss for the same…
Edinburgh ‘most expensive city for students’
Edinburgh is the most expensive city in the UK for students due to “above average rent costs combined with significantly lower than average term-time income” according…
Concern that RBS may charge firms for deposits
The Federation of Small Businesses (FSB) said news that Royal Bank of Scotland (RBS) and its NatWest subsidiary might consider charging business customers to deposit money would be…
England’s North ‘needs investment, devolution’
A NatWest real estate report on “Building Momentum: The Northern Powerhouse” said the economic success of the North of England depends on collaboration, innovation and…