16 articles found within the last year.
Displaying results 1 - 16
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RBS Posts Loss, Cautious Outlook
Royal Bank of Scotland Group PLC, which is ... The Edinburgh-based bank's net loss in the three ... RBS's operating loss was £1.5 billion, narrower than ... "Profitability in our core businesses will recover fully ... RBS is about to embark in a massive ... Last year, RBS received £20 billion in state...
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RBS defends executives' big share rewards
Royal Bank of Scotland on Wednesday defended its ... An RBS spokesman said the stock awards to ... The 70% state-owned bank is trying to turn ... Hartzer's rewards for joining RBS include 1.99 million ... The shares in both instances will be vested ... Bostock is to receive 1.33 million shares currently...
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RBS set to sell funds unit
Royal Bank of Scotland is close to putting ... RBS Asset Management specialises in using third-party managers ... The division advised on assets totalling $50bn (35bn) ... However, this total includes sizeable portfolios of individual ... RBS, rescued by the UK Government in February,...
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Investors return to chase listed hedge fund profits
Investors are once again buying shares in the ... The volume of trading in shares of listed ... Mark James, executive director on the alternative funds ... Their interest stands in stark contrast to last ... In their rush to exit the sector, funds’ ... To narrow the gap, at least four managers...
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Charities to benefit from 'new breed' of philanthropist
The role of wealthy philanthropists giving to charity ... According to UK wealth manager Barclays Wealth and ... Of those, more than a quarter said their ... The report added that giving will become incumbent ... Matthew Bishop and Michael Green, authors of ‘Philanthrocapitalism’,...
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The British investment bank is back
It is one of the ironies of the ... As with the Wimbledon tennis championships, which start ... But that could soon change. Just when Britain ... Barclays Capital, HSBC and Standard Chartered are all ... The past 10 years have seen a rapid, ... Fast-forward to the end of last year and...
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FTSE bosses' pay rises as shareholders and workers lose out
The pay packages of the UK's 100 top ... In terms of relationship breakdown between big companies ... According to the voting agency Manifest, the average ... In the same period, average UK earnings went ... During 2008, three-quarters of chief executives received a ... Anger at perceived "rewards for failure" and board...
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RBS wealth AUMs come under pressure
Royal Bank of Scotland's wealth business, which includes ... Total assets under managements at the end of ... RBS's wealth business, which includes RBS Coutts, Coutts' ... Profits were hit by a fall in non-interest ... On a brighter note, customer accounts increased 2% ... Deposits grew in the first quarter reflecting a...
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RBS Group reshuffles senior management, new head of wealth
Royal Bank of Scotland has overhauled its executive ... Brian Hartzer joins from his role of chief ... He replaces Gordon Pell, who will retain the ... Paul Geddes, currently chief executive of the bank's ... All nine members of the Edinburgh-based bank's senior ... RBS announced 9000 job cuts last month as...
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Coutts chief executive departs for RBS post
The chief executive of UK private bank Coutts ... Sarah Deaves is leaving Coutts, the UK’s second-oldest ... Coutts’ lofty status as private bank and wealth ... In her new role, Deaves will be responsible ... She had spent seven years at the helm ... John Baines, chief executive, RBS wealth management said:...
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Coutts under shadow of state control
There have been two consistencies in Coutts & ... It is perhaps ironic that after a history ... RBS has received £20bn (€22.7bn) of state support, ... Some observers believe that majority state ownership sits ... Alexander Hoare, managing partner of one of Coutts’...
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Paulson wins again as RBS slide adds £30m
Assets belonging to John Paulson, the US hedge ... RBS’ shares plummeted by 67% yesterday, closing at ... The UK bank was worth £5.2bn by 10:00 ... By the end of last Thursday, when the ... The profits made on RBS’ share fall add ... Shorting involves selling borrowed shares in expectation their...
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RBS to raise up to $2.4bn from Bank Of China sale
Royal Bank of Scotland Group has started selling ... The 10.8 billion Hong Kong-listed H shares are ... Morgan Stanley and RBS are joint bookrunners on ... RBS bought those shares in 2005 for £900m, ... Earlier, Wang Zhaowen, a spokesman at Bank of ... Any proceeds from a sale would help the...
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Coutts fights back after fresh attack over AIG
Private bank Coutts has rejected fresh criticism that ... The UK bank was responding to an attack ... In an open letter published today, he said: ... Mills urges other Coutts customers who have similar ... Coutts, part of Royal Bank of Scotland, majority ... It added: "Coutts has been lobbying AIG on...
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Asset managers support bank pay
Despite criticism of bankers' pay by some investors ... In a report yesterday, Pirc noted that: "No ... Directors at Barclays, HBOS, Lloyds and Royal Bank ... Pirc did point out, however, that fund managers ... According to publicly-available voting records, at least one...
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Coutts steers clear of RBS job cuts
Coutts, the private bank owned by The Royal ... The private bank has recently hired private bankers ... RBS, which acquired Coutts when it took over ... It is understood the cuts will be made ... Some cuts are expected in the UK given ... RBS' wealth management business - which included Coutts,...
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