RBS share sale: Detractors have forgotten what a terrible state the bank was in August 4, 2015 Just a few years afterwards, it seems people have forgotten how momentous the financial crisis was – and in what a terrible state RBS was. And while criticism of the chancellor for pushing ahead with the first sale of the government’s shares in RBS is politically appealing for some and taxpayers will not ‘get back [...]
Royal Bank of Scotland share price dips as government raises £2bn through share sale August 4, 2015 Shares in Royal Bank of Scotland (RBS) were down 1.4 per cent at 332.7p in the first minutes of trading, after the government initiated its first major sale of shares since it took a stake in the bank in 2008. UK Financial Investments, the government's investment arm, said it had raised more than £2bn through [...]
George Osborne starts £2bn Royal Bank of Scotland sell-off August 4, 2015 Chancellor George Osborne has kick started the government's first sale of shares in Royal Bank of Scotland (RBS) today, a sale likely to raise £2bn for the government. UK Financial Investments (UKFI), the agency which holds the government's 79 per cent stake in RBS, announced its intention to sell about 600m shares, representing 5.2 per [...]
Osborne starts to offload RBS with £2bn sale August 4, 2015 MINISTERS last night fired the starting gun on returning Royal Bank of Scotland (RBS) to private hands, offloading a £2bn stake in the bank seven years after it was rescued by taxpayers. The government is selling a 5.2 per cent of the high street lender, equivalent to 600m shares, to take its interests down to [...]
The government’s RBS share sell-off is about to begin: Here’s what you need to know August 2, 2015 This week, George Osborne is due to kick start the government's sale of its 78 per cent stake in Royal Bank of Scotland (RBS). Read more: Mansion House Speech 2015: Chancellor George Osborne will start government RBS sell-off as soon as possible The chancellor's plan to offload the shares was announced during his Mansion [...]
RBS, NatWest and Ulster Bank online banking system was targeted by a deliberate denial of service attack July 31, 2015 RBS has said its online banking system was brought down by a deliberate denial of service attack directed at the website. RBS, NatWest and Ulster Bank' websites and apps went down for nearly an hour this morning. Hundreds of customers complained that they could not use the banking group's online systems while others said [...]
Did RBS just move one step closer to privatisation? Share price shoots up as profits jump July 30, 2015 Shares in RBS shot up 4.2 per cent to 368.1p in early trading this morning after the bank reported profits had jumped 27 per cent in the three months to the end of June. Was that gentle creaking the sound of Royal Bank of Scotland moving one step closer to privatisation? The figures The bank said [...]
RBS to cut Citizens stake to 20pc after $2.6bn sell-off of shares July 30, 2015 The Royal Bank of Scotland is accelerating its exit from US bank Citizens Financial after unveiling a proposal to sell its remaining stake in the lender within the next five months. The bank, which is expected to unveil a half-year loss this morning, will sell up to a 18.4 per cent stake in the Citizens [...]
Accenture RBS 6 Nations app: Supporters reaping the benefit from rugby’s expanding digital revolution July 26, 2015 Technology gurus driving innovation which presents fans with new levels of interaction The explosion of social media in recent years has transformed human behaviour and interaction. Notably, it has changed the way we watch television, and live events. For many, it is no longer enough to be somewhere, watching something. It must be shared [...]
RBS to pocket £24m as it offloads loans July 23, 2015 Royal Bank of Scotland is offloading a number of loans as part of a move to strengthen its balance sheet. The bank announced this morning it had agreed to dispose a portfolio of loans to an entity funded by Deutsche Bank and funds affiliated with Apollo Global Management. RBS will receive around £400m [...]