NatWest Group

RBS chairman calls for an end to public flogging

Marketing Week

Royal Bank of Scotland chairman Sir Philip Hampton has called for the end of the “public flogging” of the bank, while also admitting that more jobs would go, on top of the 2,700 global cuts already made. RBS directors are set to face angry shareholders at its annual general meeting in Edinburgh today (April 3) […]

RBS considers 2,300 more job cuts

Marketing Week

The Royal Bank of Scotland Group has announced it could cut up to 2,300 jobs in Britain. The cuts would amount to around 2% of its local workforce of 106,000, the bank said in a statement. The lay-offs will not affect customer-facing staff, but will be lost from its back office operations across the UK. […]

Government to own majority of RBS

Marketing Week

Royal Bank of Scotland has confirmed that the Government is now the bank’s biggest shareholder, after a £20bn bail-out by the Government. The bank will own almost 57.9% of the Edinburgh-based bank which, until the credit crunch struck last year, was the UK’s second biggest. The injection of capital follows a failed attempt to raise […]

RBS moots sale of insurance arm

Marketing Week

Royal Bank of Scotland (RBS) is understood to be considering selling its insurance business, which includes the Direct Line and Churchill brands, in a bid to raise money. It is expected to outline strategic options for the division tomorrow (April 22) at its annual meeting. RBS, Britain’s second biggest bank, is also expected to reveal […]