Tag: Royal Bank of Scotland Group PLC (RBS)

• Wednesday, August 9th 2017 - 06:45 UTC

  Ten years from the 2007 financial crash, Lord Darling identifies “complacency” as the biggest danger

  

  Regulators must remain “very very” vigilant about the risks to the economy, former chancellor Lord Darling has told the BBC - 10 years on from the start of the financial crisis. He said a rising level of consumer debt in the economy was a growing concern.

• Wednesday, May 17th 2017 - 09:36 UTC

  Lloyds Bank returns to private sector; at height of financial crisis government held 43% of shares

  

  The British government has confirmed its remaining shares in Lloyds Banking Group have been sold, eight years after pumping in £20bn to save it. Lloyds Bank said the government will see a return of £21.2bn on its investment.

• Sunday, April 23rd 2017 - 06:51 UTC

  UK government recovers the £20.3bn spent bailing out Lloyds Banking Group

  

  The £20.3bn spent bailing out Lloyds Banking Group during the financial crash has been re-paid in full, UK chancellor Philip Hammond has said. Nine years after the government bought 43.4% of Lloyds, the taxpayer has now got slightly more - £20.4bn - back.

• Wednesday, August 5th 2015 - 07:25 UTC

  UK government begins sale of rescued RBS, but a third below the price it paid

  

  The British government has begun its sell-off of shares in part-nationalized lender Royal Bank of Scotland, raising £2.1bn, a third below the price it paid. It sold a 5.4% stake at 330p a share, a 7.6p discount on Monday's closing price.

• Thursday, May 21st 2015 - 07:08 UTC

  Five world leading banks fined 5.7bn dollars for manipulating foreign exchange markets

  

  Five of the world's largest banks are to pay fines totaling $5.7bn for charges including manipulating the foreign exchange market. Four of the banks - JPMorgan, Barclays, Citigroup and RBS - have agreed to plead guilty to US criminal charges, while the fifth, UBS from Switzerland will plead guilty to rigging benchmark interest rates.

• Tuesday, March 5th 2013 - 16:52 UTC

  Libor rate-rigging: UK regulator failed to act on warnings of “low-balling”

  

  The UK Financial Services Authority repeatedly failed to act on warnings that banks were trying to rig inter-bank lending rates (mainly Libor) at height of the financial crisis, according to an internal review published Tuesday by the regulator.