Royal Bank of Scotland Group PLCRBS:LSE

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336.80
18.00 / 5.65%
25.62m
59.92%
2.49
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As of May 17 2013 16:44 BST.Data delayed by at least 15 minutes.

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May 17 2013 23:22 BST
Banks in demand as UBS backs switch to the sector
Royal Bank of Scotland led the blue-chip risers on Friday as financial stocks helped pull the FTSE 100 to within touching distance of its 13-year high. Banks were in demand after UBS recommended clients switch into the sector from defensive stocks. "Ultra-low interest rate policies have depressed net interest marginsBy Bryce Elder
May 17 2013 18:06 BST
No OFT probe into banks' current accounts
The Office of Fair Trading has decided not to investigate competition in the current account market and will instead wait to see what impact the bank branch sales by Lloyds Banking Group and Royal Bank of Scotland have on the sector. Four banks in the UK currently hold three-quarters ofBy Elaine Moore
May 16 2013 19:06 BST
Lloyds' shares close in on 'break even' level
Shares in Lloyds Banking Group rose to within a whisker of the price at which support for the taxpayer-backed bank is booked by the government, raising the prospect of a share sale as soon as this year. While not being an automatic trigger for a sale, 61p is the averageBy Jennifer Thompson in London and Mure Dickie in Edinburgh
May 16 2013 18:19 BST
Talk of North Sea exit boosts UK's Cairn
Talk of a North Sea exit helped Cairn Energy edge higher even as the FTSE 100 broke a ten-day winning streak. Cairn added 1.9 per cent 281.6p amid speculation that the Edinburgh-based group could cash in on its stakes in the Catcher and Kraken discoveries, where development approval is expectedBy Bryce Elder
May 16 2013 13:34 BST
RBS to cut 1,400 more jobs
Royal Bank of Scotland is to shed 1,400 jobs in the next two years as the lender slims down its UK retail head office to focus resources on its branches. The bank announced in March it would invest £700m in its UK retail arm over three years but acknowledged onBy Jennifer Thompson
May 15 2013 22:30 BST
Cameron hints at move to get RBS in good health for sale
David Cameron on Wednesday gave the strongest hint yet that he wants to reprivatise Royal Bank of Scotland by offering shares to millions of voters, in a process he hopes to begin before the next election. Speaking in New York, Mr Cameron said for the first time that he wasBy Jim Pickard in New York and George Parker in London
May 15 2013 18:43 BST
RP Martin suspends chief amid Libor probe
RP Martin has removed its chief executive and an executive director from their posts amid a probe into the firm's role in the manipulation of Libor that saw two former employees arrested in December. David Caplin, the interdealer broker's chief executive, and Alan Farnan, an executive director, have been suspendedBy Brooke Masters and Caroline Binham in London
May 15 2013 00:04 BST
JC Flowers buys UK debt collector Cabot
The private equity group run by Christopher Flowers is to acquire Britain's leading debt collector, marking the former Goldman Sachs banker's biggest ever deal in the country. The deal is expected to value Cabot Credit Management at about £800m ($1.2bn) including debt, according to people familiar with the asset. MrBy Anne-Sylvaine Chassany, Private Equity Correspondent
May 14 2013 17:11 BST
RBS to spend an extra £450m on IT
Royal Bank of Scotland is to spend an additional £450m to repair its ailing IT systems, as the part-nationalised UK lender attempts to draw a line under recent failures. Sir Philip Hampton, chairman, told shareholders at the bank's annual meeting in Edinburgh on Tuesday afternoon that the extra money wouldBy Patrick Jenkins, Banking Editor
May 13 2013 15:27 BST
UK retail banks: new players needed
The UK's attempts to spur banking competition are looking like a case of one step forwards, two steps back. Co-Op Bank was at the forefront, buying 245 Britannia branches in 2009 and with a deal in place to buy another 600 from Lloyds. Now the Lloyds deal is dead and,
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