UK Bank Boss Apologises to Nigel Farage… But Doesn’t Reverse Decision to Terminate His Bank Account
Natwest chief executive apologises for “deeply inappropriate comments” but stopped short of actually changing their decision.
Royal Bank of Scotland
‘That Will Teach me For Trusting the BBC’: Top Journo Apologises to Nigel Farage
“That will teach me [for trusting the] reporting of my old employer”, says former top BBC man as he issues a good-natured apology for repeating now-apparently-false claims about the Brexit leader.
UK Government Looks Set to Take Action After Farage Debanking Saga: Report
Victory for Farage as UK banks may be required to protect free speech in new rules reportedly being drawn up by the govt, a report claims.
Royal Bank of Scotland Sets Aside Another £3bn For US Fines
LONDON (AP) — Taxpayer-owned Royal Bank of Scotland says it has set aside an additional $3.8 billion to cover fines and litigation costs related to its sale of bonds backed by U.S. subprime mortgages before the global financial crisis.
RBS Fails Bank of England Stress Test, Must Bolster Capital
Royal Bank of Scotland (RBS) will cut costs and sell assets to boost capital levels, it said on Wednesday after failing this year’s Bank of England stress test, which warned of a “challenging” outlook for Britain’s financial system.
Bitcoin Crushes Bank Fees in Emerging Economies
New evidence is emerging that virtual currencies and distributed ledgers, like bitcoin, are gaining strength in emerging economies by cutting out huge fees charged by local banks and financial institutions.
Royal Bank of Scotland: ‘Sell Everything!’
The usually reserved Royal Bank of Scotland (RBS) just told its clients that with emerging market trade as measured by the cost of ocean shipping plunging since August by 67 percent, 2016 will be a “cataclysmic year” and investors should “sell everything.”
World View: Iran Captures Ten American Sailors Hours Before Obama Speech
Contents: Iran captures ten American sailors in Persian Gulf hours before Obama speech; Royal Bank of Scotland predicts sharp 2016 recession, says ‘Sell everything!’; Suicide bombing in Istanbul Turkey kills 10 tourists
Global Deflationary Crisis Hits : “Sell Everything”
From The Telegraph: RBS has advised clients to brace for a “cataclysmic year” and a global deflationary crisis, warning that major stock markets could fall by a fifth and oil may plummet to $16 a barrel. The bank’s credit team
UK takes £1 billion Hit in Royal Bank of Scotland Sell-Off
Britain took a 1.1 billion pound loss on its first sale of shares in Royal Bank of Scotland (RBS) (RBS.L) on Tuesday, sparking accusations from opposition politicians of an unnecessarily rushed and costly disposal. The UK government sold a 5.4