The 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 […]
State-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.
Royal 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.
The 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 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, […]
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 […]
Royal 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.
Royal 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.
Royal 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.
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 […]
CHI & Partners has picked up Royal Bank of Scotland’s 15m retail advertising account from M&C Saatchi without a pitch.