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Thousands of shareholders sue RBS for $6 bn
A group representing 12,000 investors says the bank didn't include vital information in the prospectus for a 12 billion-pound share sale that took place just a few months before RBS was bailed out by the government. #WhyNow #bailout #RBS #Shareholders #sue
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RBS starts shutting down branches, to lay off staff
British banking major RBS will be laying-off some of its 1,000 employees as it winds down retail and commercial business in the country. #CorporateStrategy #RBS #Laying off #Retail banking
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Cameron wants RBS to speed up rejig
British Prime Minister David Cameron says he wants state-controlled Royal Bank of Scotland to speed up restructuring and has refused to rule out giving the government's share in the bank to the public. #restructuring #TheySaidIt #David Cameron #RBS
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CNN/MoneyRegulator okays RBS, Lloyds funding plans
The Royal Bank of Scotland and Lloyds are both working to increase capital levels. The Bank of England said in March that British banks would need to raise another £25 billion ($38 billion) to ensure they were ready for any potential market shocks, promp #Royal Bank of Scotland #Bank of England #International Monetary Fund
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The IndependentRBS and Lloyds stakes should be sold, says IMF
Britain will be advised to sell off the state's holdings in the Royal Bank of Scotland and Lloyds Bank by the International Monetary Fund (IMF) in a move that will embolden George Osborne as he attempts to justify his economic strategy. According to repo #International Monetary Fund #United Kingdom #George Osborne
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BoomBustBlogWho is RBS? Royal Bull Sh.. or the Royal Bank of Scotland
Scotland is making a move for independence from the UK as a sovereign nation. Such an event is bound to be rife with political motivations and ramifications that I'm no where near qualified to gauge or judge. Yet, there is one thing that I can comment on #Royal Bank of Scotland #Cyprus #Iceland