RBS

Govt. put RBS at disadvantage by blocking its bonus plan: Standard Life

The UK Government's recent decision of blocking the bonus plan of Royal Bank of Scotland (RBS) would put the lender at a competitive disadvantage, a top Standard Life executive said.

David Cumming, the global head of equities at Standard Life, disapproved the government's move, saying it would weaken RBS' performance, reduce its value and consequently hurt taxpayers.

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Govt. blocks RBS from paying huge bonuses

The British Government has blocked the Royal Bank of Scotland (RBS) from paying huge bonuses to its employees until the ongoing process of restructuring is complete.

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RSA’s Revival May Come from Sell-Offs

Stephen Hester, new chief executive of Royal Bank of Scotland announced the sale of three businesses in the Baltic and one business in Poland to PZU the Polish group for an amount of £300million. Hester indicated that more sales could be expected in future as RSA decides to maintain its focus on the key markets.

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RBS welcomes Clifford Chance report

Royal Bank of Scotland (RBS) has welcomed law firm Clifford Chance's report that states that the Edinburgh-based lender didn't deliberately defraud its business customers.

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RBS on track for partial privatization next year: Sir Philip

Royal Bank of Scotland (RBS) is on track for a partial privatization sometime in 2014, the part-nationalized lender's chairman Sir Philip Hampton said.

The government has acquired 81 per cent stake in RBS after bailing it out at a cost of £45.5 billion at the peak of economic crisis in 2008.

Sir Philip stressed that returning of the government-owned lenders to private hands was crucial, and it should be done as soon as is practically possible.

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