Hints and tips:
...The Bank of England, Lloyds Banking Group, RBS and law firms Freshfields and Farrer are among other institutions to have issued apologies, with some pledging to fund diversity initiatives....
...Private bank Coutts last year dropped Nigel Farage, the former leader of the UK Independence and Brexit parties, having raised concerns about his political views....
...While the government should not normally interfere in a bank’s leadership, the taxpayer’s 39 per cent stake, after the £45.8bn bailout of what was then RBS in the 2008 financial crisis, means it is bound...
...It rebranded from RBS in 2020 to break with the toxic legacy. This is not the first time a Conservative government has floated the idea of selling a bailed-out bank’s stock to the public....
...Job moves NatWest has poached UBS executive Emma Crystal to become chief executive of private bank Coutts, following the exit of Peter Flavel after the Nigel Farage “debanking” scandal....
...After joining Royal Bank of Scotland as a graduate in 1992, she held roles including chief executive of its commercial and private banking division — the department that then included Coutts, the bank for...
...Goodwin was fired when the government rescued RBS in a £46bn bailout and later stripped of his knighthood....
...(Bank of America also lent them money for the planes, but as you’d expect from a bank, it demanded interest payments and security over the jets.) Well, we have an update....
...The former party leader, instrumental in the UK’s exit from the EU, hit back after NatWest subsidiary Coutts closed his bank account on partly political grounds. The closure was wrong....
...Banks to the wall Even before Farage went to battle with Coutts, Britain’s banks were already in the line of fire....
...The issue hit the headlines this month after Nigel Farage, former Brexit party leader, claimed that the PEPs regime may be the reason the elite bank Coutts decided to close down his longstanding bank account...
...Tyler left RBS in 2008. The issue was first reported by the Times....
...The RBS brand was ranked joint bottom in the most recent official survey of retail bank customer satisfaction last month....
...The company is also in talks to sell part of its Adam & Co. private banking arm and fold its remaining business into its larger Coutts business, according to one person familiar with the plans....
...Its bailout is expected to be the most expensive since the rescue of RBS during the 2008 financial crisis....
...Governments have done likewise, selling down residual stakes in privatisations or holdings acquired through bank bailouts — think Lloyds or RBS in the UK....
...Investors have welcomed the return to Australia of Mr McEwan, who worked for Commonwealth Bank of Australia before joining RBS....
...Mr Tang spent years on the derivatives desk of JPMorgan Chase in New York and then as a managing director at RBS Greenwich Capital before returning to China, where he worked for the Chinese Securities Regulatory...
...Headquarters London Ownership RBS...
...Buy: Reckitt Benckiser (RB) There’s no sign of dimming enthusiasm for hygiene products, which made up 42 per cent of the company’s net revenues over its third quarter, writes Alex Janiaud....
...The government has twice sold shares in RBS but has not reduced its holding since June 2018....
...Like most European lenders, RBS sees investment banking as an adjunct to its commercial bank. Dire investment bank figures cannot therefore be viewed in isolation....
...Many banks have eased that policy — Goldman Sachs did so last year, JPMorgan in 2016....
...RBS largely completed a decade-long restructuring project under Ms Rose’s predecessor, Ross McEwan, returning the bank to profit and dividend payments after it was bailed out during the financial crisis....
...Spokespeople for HSBC and RBS said their banks were unable to take orders for travel money online, on the phone or in branches....
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