RBS

Alan Hughes, the former chief executive of First Direct, is to lead a £1bn bid to buy 315 branches of Royal Bank of Scotland (RBS).

The new chief executive of the Royal Bank of Scotland, Ross McEwan, was facing his first challenge this weekend after leading shareholders in the bank signalled they would not support breaking it up even if the Treasury insisted on going ahead.

Shares in the Royal Bank of Scotland dropped as much as 6% after the bank reported its half year results and announced its new CEO.

Royal Bank of Scotland (RBS) reported a return to profit in the first half of the year, as the majority taxpayer owned bank moves towards privatisation.

Royal Bank of Scotland (RBS) has promoted its head of retail Ross McEwan to the role of chief executive, replacing ousted Stephen Hester.

Shareholders in Royal Bank of Scotland (RBS) who are suing the bank over a £12bn rights issue made months before its near-collapse will have their first day in court tomorrow.

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The Royal Bank of Scotland (RBS) has been fined £5,620,300 by the Financial Conduct Authority (FCA) for incorrectly reporting transactions it made in wholesale markets and, in some instances, failing to report transactions at all.

The next chief executive of state-backed lender Royal Bank of Scotland could be named next week, according to reports.

The European Commission has accused 13 banks, including Barclays, HSBC and the Royal Bank of Scotland, of colluding to hamper competition in the credit derivatives market.