Coronavirus: Barclays, Lloyds, HSBC and RBS suspend dividends March 31, 2020 Barclays, the Royal Bank of Scotland, HSBC and Lloyds Banking Group said tonight they are suspending dividend payments this year because of the coronavirus pandemic. The banks said they had taken the decision after a request from the Bank of England’s Prudential Regulation Authority (PRA). The PRA also said it expected the banks to suspend [...]
RBS profit nearly halves due to coronavirus uncertainty May 1, 2020 The Royal Bank of Scotland (RBS) saw its profit nearly halve in the first quarter of 2020 due to the ongoing uncertainty caused by the coronavirus outbreak. Despite the fall, the bank insisted it was in a “strong positon” to deal with a significant economic downturn. Shares in the bank rose 1.6 per cent in [...]
RBS’ digital banking chief to step down in coming months January 21, 2020 The chief executive of Bo, RBS’ digital banking platform, is one of a number of executives who will leave the company in the coming months as part of a reshuffle under new boss Alison Rose. Mark Bailie, who was considered a potential challenger to Rose before her appointment in the autumn, will step down just [...]
The Week Ahead: Barclays, Natwest, retail sales, public borrowing February 15, 2021 City A.M. takes a look at some of this week’s market-shaping events. Barclays – Full year results (Thursday) The past 12 months have been difficult ones for banks in general, but UK banks have underperformed relative to their peers, Hewson said, with the unknowns of what a final Brexit deal might look like also weighing [...]
RBS clears out senior leadership at Natwest Markets investment bank December 19, 2019 The chief executive and chief financial officer of Royal Bank of Scotland’s (RBS) underperforming investment bank have stepped down, as new chief executive Alison Rose launches a shakeup of the executive team. The departure of Natwest Markets’ chief executive Chris Marks and chief financial officer Richard Place was announced in a statement on Thursday morning. [...]
RBS launches ‘social bond’ for deprived areas November 8, 2019 The Royal Bank of Scotland (RBS) has launched a “social bond” aimed at boosting lending within deprived areas of the UK. The banking giant announced this morning that the bond would be linked to roughly £2.5bn of lending to small firms in disadvantaged areas. Read more: HSBC receives second warning from Bank of England An [...]
RBS could hold AGM ‘in an empty room’ due to coronavirus outbreak March 12, 2020 Banking giant RBS is gearing up to hold a dramatically scaled-back physical annual general meeting (AGM) due to the coronavirus pandemic, with just core attendees present in person. RBS, like all listed companies with a financial year ending in December, has a legal obligation to hold a physical AGM by 30 June, with the meeting [...]
Premier Inn owner Whitbread’s shares soar as business travel demand returns June 17, 2021 Premier Inn owner Whitbread confident in ‘post-lockdown bounce’ despite sales hit
RBS swings to loss in wake of £900m PPI charges October 24, 2019 The Royal Bank of Scotland (RBS) swung to a loss during the last quarter as a rush of payment protection insurance (PPI) claims caused a £900m hit to the lender’s balance sheet. RBS reports an operating loss of £8m for the nine months to the end of September 2019, falling from £961m in the same period last [...]
RBS under fire over fake reviews for new app December 8, 2019 Natwest-owned Royal Bank of Scotland (RBS) has come under fire for writing fake reviews of its new online banking app Bó. Eagle-eyed users noted that a string of five-star reviews, some of which were published months before Bó’s 27 November launch, praised the app for features including design and notifications system. Read more: RBS launches [...]