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Royal Bank of Scotland

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Citigroup, Bank of America, Goldman Sachs Group, Barclays, HSBC and Royal Bank of Scotland are among 13 banks whose units were sued for $1.15bn …

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Simon Walker, the director general of the Institute of Directors, sharply criticized UK’s banks such as Barclays and Royal Bank of Scotland for offering excessive employee compensation in the form of wages and bonuses. Moreover, Simon Walker has underlined that UK’s banking industry is being harmed by bankers’ short-term self interest as banks are breaching the bonus cap formulated by the European Union

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The planned sale of 316 Royal Bank of Scotland branches to Santander has collapsed as the Spanish partner walked away from Β£1.65 billion deal nearly two years after it was agreed. Royal Bank of Scotland, the state-backed bank, is forced to search for a new buyer.

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