RBS launches small business campaign
Russell ParsonsRoyal Bank of Scotland is launching a campaign this week that aims to highlight that it is trying to keep credit flowing to small businesses.
NatWest Group
RBS reports 44m loss in first quarter
Marketing WeekRoyal Bank of Scotland (RBS) has reported a pre-tax loss of 44m in the first three months of the year, compared to the 479m profit it made in the same period last year.
RBS chairman calls for an end to public flogging
Marketing WeekRoyal 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 reveals biggest loss in UK history
Marketing WeekThe Royal Bank of Scotland revealed this morning (Thurs Feb 26) a loss of 24.1bn in 2008, the biggest in UK corporate history.
RBS considers 2,300 more job cuts
Marketing WeekThe 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. […]
RBS extends sponsorship of Six Nations despite record losses
Marketing WeekThe Royal Bank of Scotland has confirmed it has agreed a four-year extension to its sponsorship of the Six Nations Championship despite stating yesterday (January 19) that it expects to report a record loss of up to £28 billion. The new four-deal will take the bank’s sponsorship of the tournament through to the end of […]
RBS mulls Direct Line, Churchill sale
David BurrowsRoyal Bank of Scotland is in the process of appointing advisers to review the options for its insurance business, including a possible sale, according to reports.
RBS names employer branding chief
Branwell JohnsonThe Royal Bank of Scotland Group has recruited Royal Dutch Shell and British Gas marketer Nimai Swaroop to the new position of group head of employer branding and marketing.
RBS announces job cuts at Churchill and Direct Line
Marketing WeekState-owned Royal Bank of Scotland has announced that it is axing 2,600 jobs across the UK. At least 2,000 roles will go in the bank’s insurance arm – which controls Churchill and Direct Line. Another 600 are expected to go at the head office of its high street retail banking business.
RBS restructures top marketing roles in brand-led strategy return
Marketing WeekRBS Insurance has restructured its senior marketing team, reverting to a brand-led structure just two years after axing it in favour of group roles. The changes will see Mike Tildesley, currently acquisitions and retention marketing director, take over as marketing director of Direct Line and Green Flag, while Lisa Mackay-Smith, director of brand and proposition, […]
Government to own majority of RBS
Marketing WeekRoyal 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 jobs cuts to hit global workforce
Marketing WeekRoyal Bank of Scotland is to axe 3,000 staff. The cuts to its global banking and markets workforce will take place across 50 countries, including the UK.
RBS chief stands down as Government injects 20bn
Marketing WeekRoyal Bank of Scotland chief executive Sir Fred Goodwin has resigned as the Government agrees to inject 20bn of new capital into the bank in an effort to stabilise the markets. A further 17bn of taxpayers cash will be injected into HBOS and Lloyds TSB.
RBS reports 691m half-year loss
Marketing WeekRoyal Bank of Scotland, the owner of NatWest, has reported a pre-tax loss of 691m for the first half of 2008. It is the second biggest loss ever reported in banking history.
RBS moots sale of insurance arm
Marketing WeekRoyal 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 […]