RBS share price rises as it says impairment charges will be “significantly” lower in 2014 September 30, 2014 Shares in Royal Bank of Scotland (RBS) opened four per cent higher as it told investors it expects impairment charges to be "significantly" lower than originally expected in 2014. The bank, which is still 81 per cent owned by the taxpayer, said impairment charges will "out-perform" previous guidance of £1bn. During the third quarter there [...]
GSK confirms RBS’ Sir Philip Hampton as new chairman September 25, 2014 GlaxoSmithKline (GSK) has confirmed that Royal Bank of Scotland (RBS) chairman Sir Philip Hampton has been appointed to lead its board. The pharmaceutical giant said this morning that Hampton will join as non-executive director on 1 January next year, assuming the role of chairman from Sir Christopher Gent from 1 September. Although RBS did not [...]
Share price up after rumours RBS’ Sir Philip Hampton “will be named GSK chairman before the weekend” September 24, 2014 Shares in pharmaceutical giant GlaxoSmithKline rose slightly in late afternoon trading after it emerged Sir Philip Hampton is likely to be named as its new chairman. Shares climbed 0.2 per cent to 1,425p, having spent the afternoon around the 1,418p mark. GSK is likely to announce Hampton's move in the next two days – such [...]
RBS prices float of Citizens at $21.50 a share September 23, 2014 Royal Bank of Scotland was forced to scale back the price of its jumbo listing of Citizens Financial Group in the US last night, pricing shares at $21.50 each. RBS, which will still own about 75 per cent of Citizens after the flotation, had earlier offered shares to investors at $23 to $25 each but [...]
RBS, Lloyds and Standard Life share prices rise as investors get giddy over Scottish No vote September 19, 2014 What a difference a week makes. Just a few days ago, the likes of RBS, Lloyds and Standard Life were all threatening to move south of the border in the event of a no vote, on the grounds that an independent Scotland would be too shaky to operate properly in. But today, investors showed their [...]
Scottish independence: RBS confirms plan to move to England if there’s a Yes vote September 11, 2014 The Royal Bank of Scotland (RBS) has confirmed it will re-domicile to England if the Scots vote to abandon the United Kingdom on 18 September. In a statement issued this morning RBS said: RBS has undertaken contingency planning for the possible business implications of a 'Yes' vote. RBS believes that this is the responsible and [...]
Scottish independence: Lloyds and RBS to move HQ to London if Scots vote Yes September 10, 2014 Lloyds Banking Group will move its official headquarters out of Scotland if the country votes for independence in next week’s referendum. The banking group which owns Lloyds Bank, Halifax and Bank of Scotland largely operate from its London headquarters, however the bank’s registered offices are in Edinburgh. Lloyds confirmed that its contingency plans in the [...]
Biggest bank IPO of the year, as RBS values US bank Citizens at up to $14bn September 8, 2014 RBS hopes to raise $3.5bn (£2.2bn) by selling the first chunk of its US retail bank Citizens, the bailed-out bank announced yesterday. It will be the biggest banking sale of the year, and reflects the renewed confidence markets have in newly-floated stocks. RBS is selling Citizens as part of its wider plan to cut back foreign [...]
RBS steps up the search for a new chairman August 29, 2014 Royal Bank of Scotland has reportedly stepped up its search for a successor to chairman Sir Philip Hampton, hiring recruitment giant Egon Zehnder International to lead the hunt. Hampton will step down in 2015 after more than six years at the top of the bank, which is still 81 per cent owned by the government, [...]
RBS share price falls as it is fined £15m for mortgage advice failings August 27, 2014 Shares in Royal Bank of Scotland fell 0.5% in early trading on Wednesday, after it was fined £14.5m for “serious failings” in the way it advised customers about mortgage loans, in another blow for the embattled bank. The Financial Conduct Authority found a series of failings by the state-owned bank and its Natwest arm in [...]