UK appoints book-runners to sell 30 year debt
The UK Government’s Debt Management Office (DMO) said on Friday it appointed Barclays, Goldman Sachs International, Lloyds Bank Corporate Markets, NatWest Markets and RBC CM…
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Canaccord buys £54m Adam & Co private client unit
Canada’s Canaccord Genuity Group announced on Thursday it agreed to acquire the private client investment management business of Edinburgh-based private bank Adam & Company for…
Higgins joins Markerstudy insurance as chairman
Insurance firm Markerstudy Group has announced the appointment of Scottish corporate veteran Benny Higgins as its chairman. Markerstudy said the appointment concludes a busy first…
UK dividends return as payouts beat cuts by £14bn
Investment platform AJ Bell has welcomed the return of dividends from UK companies with the news that the number of London-listed firms that made or…
Scottish FTSE shares soared 40% in fourth quarter
A strong final quarter of 2020 saw shares in listed Scottish companies outperform the wider FTSE and AIM All Share indices as they soared 29.61%…
Investment trusts, pensions urged to back UK firms
A new report from the UK’s Business Growth Fund (BGF) has warned of a serious rising shortfall in equity funding and called for pension funds,…
London-listed Scots firms post strong third quarter
Scottish companies listed on the London Stock Exchange outperformed their indices in the third quarter of 2020 according to analysis from Brewin Dolphin, boosted by…
40-year gilt strong as UK borrows £385bn in 8 months
The head of the UK’s Debt Management Office (DMO) said on Tuesday he was confident bond investors would continue to buy UK gilts following almost…
RBS tells 50,000 they can work at home until 20201
The Royal Bank of Scotland Group has told its staff that the vast majority of them can continue to work from home until 2021. The…
RBS boss urges UK central bank to lift dividend ban
Royal Bank of Scotland chairman Howard Davies on Friday urged the Bank of England, the UK’s central bank, to lift the current ban on bank…
RBS tells 50,000 to work at home for next 4 months
About 50,000 of RBS-NatWest’s 65,000 staff have been told to continue working from home until at least the end of September. The decision was revealed…
RBS profit halves as it takes £802m hit, scraps Bó
Royal Bank of Scotland Group said on Friday its operating profit before tax fell to £519 million in its first quarter, down from just over…
RBS ‘will not move’ Scots staff amid name change
Royal Bank of Scotland “will not be moving people out of Scotland” as a result of the recent decision to change its name to NatWest,…
RBS pledges £1bn funding for female entrepreneurs
Royal Bank of Scotland on Friday announced a new £1 billion in funding through its NatWest business to support female entrepreneurs in the UK. RBS…
RBS launches Bó, its standalone digital bank
Royal Bank of Scotland group’s NatWest has launched its standalone digital bank Bó in a plan to meet competition from online start-ups. The Bó app…
Benny Higgins joins AAB Wealth as chairman
Scottish financial planning firm Anderson Anderson & Brown Wealth Ltd (AAB Wealth) announced on Monday the appointment of Benny Higgins as its non-executive chairman. Higgins…
RBS CEO unveils team, vision for London-run group
On her first day as CEO of Royal Bank of Scotland Group on Friday, Alison Rose shared her vision for the company with staff —…
RBS invests in payments firm Pollinate as £60m raised
RBS said it has joined forces with Mastercard, Motive Partners and EFM Asset Management to invest in a business called Pollinate that will look to…
RBS swings to Q3 loss amid £900m PPI charge
UPDATE 3 — Royal Bank of Scotland Group on Thursday reported an attributable loss of £315 million for the third quarter amid a PPI charge…
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…
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…