Tag: RBS

• Friday, May 17th 2019 - 08:14 UTC

  EC fines five leading global banks €1.07bn for rigging foreign exchange markets

  

  Five banks have been fined €1.07bn (£935m) by the European Commission after traders clubbed together to rig the foreign exchange market. Four banks in the “Banana Split” cartel - Barclays, RBS, Citigroup and JP Morgan - were fined €811m in all.

• Wednesday, December 26th 2018 - 08:59 UTC

  RBS applies for a banking license in Germany; the bank already has on in the Netherlands

  

  The Royal Bank of Scotland has applied for a German banking license to help it retain clients in the European Union in the event of a no-deal Brexit. The move applies to all its subsidiaries, but would only affect NatWest, which trades across the bloc.