Complete coverage on

The Royal Bank of Scotland Group plc

When I returned to the banking sector three-and-a-half years ago, we knew we had a massive task on our hands.

Latest Stories

Markets overreacting to Moody's ratings?updated: Fri Jun 22 2012 08:32:00

Market analyst Michael Hewson weighs in on the impact Moody's bank downgrades have on the markets.

Moody's bank downgrade: What it meansupdated: Fri Jun 22 2012 02:34:00

CNN's Ali Velshi talks to Wolf Blitzer about what it really means for account holders amid the recent Moody's downgrade.

Explainer: The power of credit rating agenciesupdated: Fri Jun 22 2012 02:34:00

The health of several of the world's biggest banks has been called into question following the decision by Moody's to downgrade their credit ratings.

Knighthood stripped from ex-UK bank bossupdated: Tue Jan 31 2012 15:59:00

David Ruffley, conservative MP, discusses the Queen withdrawing the knighthood of former RBS chief Fred Goodwin.

Ex-UK bank boss stripped of knighthoodupdated: Tue Jan 31 2012 15:59:00

The former boss of the Royal Bank of Scotland, Fred Goodwin, is to be stripped of his knighthood, the British government said Tuesday, amid wide anger in Britain over bankers' bonuses.

Opinion: Bonus waiver a sad day for capitalismupdated: Tue Jan 31 2012 05:51:00

The announcement on Sunday night that Stephen Hester, the Royal Bank of Scotland chief executive, had bowed to political pressure in the UK and decided to waive his bonus -- worth £963,000 ($1.5M) in shares -- will turn out to be a very sad day for commercial democracy.

CEO: Large bonuses 'rewards for success'updated: Mon Jan 30 2012 00:58:00

Barclays CEO Bob Diamond tells Richard Quest that large bonuses in the banking sector should be "pay for performance."

RBS chief bows to inevitable over bonusupdated: Mon Jan 30 2012 00:58:00

There was a whiff of inevitability about the decision by Stephen Hester, the Royal Bank of Scotland chief executive, to waive his £1M ($1.57M) bonus late last night, as the political and media furor mounted.

RBS halves chief's annual bonusupdated: Thu Jan 26 2012 21:54:00

Royal Bank of Scotland has sought to defuse mounting political and public pressure in awarding chief executive Stephen Hester a bonus of just under £1m, less than half the amount he received for 2010.

RBS cuts 3,500 investment banking jobsupdated: Thu Jan 12 2012 08:16:00

Royal Bank of Scotland is to cut an additional 3,500 jobs as the state-controlled bank rapidly shrinks its investment banking activities in response to the worsening economic outlook and wide ranging reforms of the banking sector due to take effect before the end of the decade.

Regulator's 'light touch' led?to RBS failureupdated: Mon Dec 12 2011 22:06:00

The report into the collapse of the Royal Bank of Scotland identifies at least four moments between 2005 and 2007 when the City watchdog clashed with the bank but failed to take a hard line.

CNNMoney: Moody's downgrades UK banksupdated: Fri Oct 07 2011 09:59:00

Moody's Investors Services downgraded 12 financial institutions in the United Kingdom early Friday, saying it's less likely that UK authorities will provide future support if needed.

Memo: RBS UK staff facing more cutsupdated: Fri Sep 16 2011 07:47:00

Staff at Royal Bank of Scotland's UK investment banking and treasury divisions were warned this week of more job cuts to come, according to an internal memo obtained by CNN.

CNNMoney: Emerging market bonds take on safe haven statusupdated: Fri Sep 02 2011 06:49:00

As they cope with the market's twists and turns, investors are finding comfort in a new kind of security blanket: emerging market bonds.

CNNMoney: World markets sell off on global worriesupdated: Fri Aug 05 2011 15:22:00

World markets sold off Friday, a day after the Dow industrials had its worst point loss since the 2008 financial crisis.

CNNMoney: JPMorgan, RBS sued over securities salesupdated: Tue Jun 21 2011 10:45:00

A federal watchdog for the credit union industry has sued JPMorgan and the Royal Bank of Scotland for allegedly misrepresenting the value of the mortgage-backed securities that they sold in recent years, triggering the failure of five credit unions.

SI.com: Michael McCann: Liverpool sale complete, but legal dynamics unsettledupdated: Sat Oct 16 2010 15:44:00

Faced with the prospect of losing in a Texas court, former owners Tom Hicks and George Gillett Jr. withdrew the temporary restraining order that they had obtained from Texas Judge Jim Jordan and that had ostensibly blocked the Royal Bank of Scotland (RBS) from selling Liverpool FC to New England Sports Ventures (NESV). A substantive review of the order had been scheduled for Oct. 25; by withdrawing the order prior to a decision on its merits, Hicks and Gillett strategically avoid the prospect of a negative ruling and help to preserve possible legal claims against RBS and NESV.

John Henry: 'We have a lot of work to do'updated: Fri Oct 15 2010 13:44:00

NESV owner John W. Henry comments on his completed and protracted takeover of Liverpool Football Club.

U.S. company seals takeover of Liverpool Football Clubupdated: Fri Oct 15 2010 13:44:00

One of England's most famous soccer clubs has been sold to the American owners of baseball's Boston Red Sox following a protracted Trans-Atlantic legal battle.

SI.com: Michael McCann: Liverpool sale dispute could hinge on the removal of restraining orderupdated: Thu Oct 14 2010 19:50:00

Can a Texas court block a British court from allowing the sale of Liverpool FC to the owners of the Boston Red Sox? If that sounds like a strange question, it's because it concerns a curious mix of conflicts of law, international banking law, and the fate of one of soccer's most storied franchises. It is also a question that could lead to a legal showdown at 7 a.m. Friday, Texas time.

UK judge clears way for Liverpool saleupdated: Thu Oct 14 2010 17:43:00

Liverpool's Football Club's proposed sale took another legal twist Thursday after a High Court judge in London condemned the English Premier League side's co-owners for attempting to block the sale in a Texas court.

Court battle over future of Liverpoolupdated: Thu Oct 14 2010 17:43:00

CNN's Phil Black reports on the court battle and bidding war for the Liverpool Football Club.

Liverpool deal in limbo as owners are granted injunction against saleupdated: Wed Oct 13 2010 18:25:00

A British High Court judge ruled against the American owners of Liverpool Football Club Wednesday in their bid to stop the team's sale to a U.S. group.

Liverpool gets new offer amid court battleupdated: Tue Oct 12 2010 17:26:00

The battle over the ownership of one of England's top soccer teams took a new twist Tuesday, as a businessman from Singapore put in a new offer for the team -- entirely in cash.

Liverpool sale saga goes to court on Tuesdayupdated: Tue Oct 12 2010 03:46:00

Liverpool's American owners will contest the English football club's proposed sale in the British High Court on Tuesday, and if they win it could see the five-time European champions put into administration.

Explainer: What does sale mean for Liverpool?updated: Thu Oct 07 2010 07:44:00

Liverpool Football Club, one of the most famous and successful names in world sport, was on Tuesday on the brink of being sold to the owner of the Boston Red Sox baseball team following months of uncertainty over the club's future.

Liverpool reject administration fearsupdated: Wed Sep 22 2010 14:54:00

Liverpool have rejected fears they face plunging into administration if the club isn't sold by October.

SI.com: Georgina Turner: City's moves perplex; Liverpool ownership saga drags onupdated: Fri Aug 20 2010 13:44:00

They do call the summer transfer window silly season, but this one's got me flummoxed.

Chinese businessman Huang eyes Liverpool bidupdated: Tue Aug 03 2010 10:35:00

Liverpool chairman Martin Broughton claims there have been "several" bids for the club after Chinese businessman Kenneth Huang's interest was confirmed to CNN.

CNNMoney: BP shares jump after stock offering ruled outupdated: Tue Jul 06 2010 16:44:00

BP rallied Tuesday after the company said it has no plans to issue new shares to cover costs related to the oil spill in the Gulf of Mexico.

CNNMoney: Banks: We're hiring so we can make more home loansupdated: Thu Jun 24 2010 04:09:00

Several banks are gearing up to do a whole lot more mortgage lending in the future.

Bailed-out RBS bank fined $43 millionupdated: Tue Mar 30 2010 05:14:00

The Royal Bank of Scotland has agreed to pay a fine of £28.6 million ($43 million) after admitting breaches of competition law, Britain's Office of Fair Trading announced Tuesday.

Crunch budget for the UKupdated: Wed Mar 24 2010 15:39:00

British voters will look closely at how the government plans to reduce the deficit. CNN's Jim Boulden reports.

RBS sounds retreat on big bonusesupdated: Fri Dec 04 2009 09:02:00

Royal Bank of Scotland has signalled that it will succumb to pressure to pay its high-flying investment bankers substantially less than rival institutions amid an escalating row with the government.

RBS told not to expect big bonusesupdated: Thu Dec 03 2009 07:20:00

The British Treasury has warned top bankers at Royal Bank of Scotland not to expect bumper bonuses next year, as Finance Minister Alistair Darling prepares to get tough with those staff who do not "get" the new political and financial landscape.

Footsie falls on Dubai debt problemsupdated: Thu Nov 26 2009 23:12:00

Banks led the London market lower on Thursday as Dubai's attempt to reschedule debt led investors to dump riskier investments, sending the FTSE 100 to its biggest daily fall since March.

British banks receive billions in secret bailoutupdated: Tue Nov 24 2009 09:22:00

The Bank of England extended secret emergency financing to Royal Bank of Scotland and to what was then HBOS during the banking panic last October, indicating the two banks were even closer to collapse than had been thought.

RBS considers further assets saleupdated: Mon Nov 02 2009 13:13:00

Royal Bank of Scotland on Monday said it was considering further asset sales "not initially contemplated", as part of the talks with the government aimed at breaking free from a state-backed asset insurance scheme.

RBS pension provokes outrageupdated: Mon Jun 22 2009 05:08:00

CNN's Adrian Finighan reports on the pension row between the British government and former RBS chairman Fred Goodwin.

Report: RBS boss to get $15.8 million pay dealupdated: Mon Jun 22 2009 05:08:00

The Royal Bank of Scotland is set to give chief executive Stephen Hester a $15.8 million pay package, according to reports.

RBS announces $1.29B first-quarter lossupdated: Fri May 08 2009 08:08:00

Royal Bank of Scotland Friday reported a first-quarter loss of £857 million ($1.29 billion) as write-offs from the financial crisis increased despite better revenue.

Fortune: Saving Britain's broken bankupdated: Wed Apr 29 2009 11:12:00

Royal Bank of Scotland prepared for the worst when it held its annual shareholders' meeting in an Edinburgh conference hall in early April. Beefy men in ill-fitting suits were brought in to handle security, metal detectors were set up at the entrance, and the board braced for a rough ride.

Beleaguered RBS cuts 9,000 jobsupdated: Thu Apr 09 2009 06:40:00

Royal Bank of Scotland has announced plans to cut up to 9,000 jobs in the next two years -- of which 4,500 will be in the UK.

RBS chairman: More job losses coming, Goodwin reconsiders pensionupdated: Fri Apr 03 2009 05:03:00

British banking giant RBS has revealed it expects to make more job cuts and that former chief executive Fred Goodwin is considering taking a voluntary cut in his pension.

Protests draw diverse crowdupdated: Thu Apr 02 2009 15:23:00

CNN's Jim Boulden reports on the myriad of signs and symbols ahead of the G20 summit.

Protesters arrested near G-20 summit venueupdated: Thu Apr 02 2009 15:23:00

Scattered demonstrations were taking place around East London as the G-20 summit got under way Thursday, but they were far smaller than the protests seen a day earlier.

RBS offices attackedupdated: Thu Apr 02 2009 02:25:00

Protesters smash the windows of a Royal Bank of Scotland branch in London's financial district.

Protesters scuffle in London's financial heartupdated: Wed Apr 01 2009 22:13:00

Police and protesters skirmished around the Bank of England on Wednesday as world leaders gathered for the G-20 summit.

Bank CEO's home vandalizedupdated: Wed Mar 25 2009 14:22:00

Vandals attacked the home of former chief executive of the Royal Bank of Scotland, Fred Goodwin. ITN's Alex Forrest reports.

Banker's home attacked as pension fury growsupdated: Wed Mar 25 2009 14:22:00

A warning of more attacks on UK bankers was made on Wednesday after the home of former Royal Bank of Scotland boss Fred Goodwin was vandalized.

CNNMoney: Time for Tim to act toughupdated: Tue Mar 24 2009 15:34:00

Treasury Secretary Tim Geithner proposed tough new rules Tuesday, saying they could prevent another AIG debacle.

RBS faces probe over 'director threats' claimupdated: Mon Mar 23 2009 06:11:00

The UK's financial watchdog is looking into allegations that non-executive directors at the Royal Bank of Scotland were pressured not to raise concerns about the troubled state of the bank's finances.

CNNMoney: Stocks battered on recession fearsupdated: Tue Jan 20 2009 18:11:00

Stocks slumped to two-month lows Tuesday as investors looked beyond President Barack Obama's historic inauguration to the battered economy he inherits.

CNNMoney: Dollar skyrockets on U.K. bank woesupdated: Tue Jan 20 2009 17:03:00

The U.S. dollar surged against European currencies Tuesday, the same day that President Barack Obama officially took the oath of office, as the market remains focused on weakness in the global banking system.

CNNMoney: U.K. unveils second bank rescue planupdated: Mon Jan 19 2009 08:42:00

The U.K. government unveiled a second bank rescue plan Monday designed to jumpstart lending and bolster the stability of the nation's financial system.

CNNMoney: Stocks slump ahead of Fed decisionupdated: Mon Dec 15 2008 17:55:00

Stocks slipped Monday amid worries about the automakers, questions about the Bernard Madoff scandal and anticipation of Tuesday's rate-cut decision from the Federal Reserve.

RBS shareholders vote on $30B bail-outupdated: Thu Nov 20 2008 07:36:00

Shareholders in Royal Bank of Scotland are Thursday due to vote on whether to accept a $30 billion bail-out plan to survive the credit crunch.

CNNMoney: Stocks: Bailout rallyupdated: Mon Oct 13 2008 09:40:00

Stocks surged Monday morning as investors cheered the global response to the deepening financial crisis, following the worst week on Wall Street in history.

Time.com: British Bank Bailout: Is It Enough?updated: Wed Oct 08 2008 13:00:00

Prime Minister Gordon Brown faces the tough job of restoring trust in a severely battered sector

Fortune: RBS chief gets off scot-freeupdated: Tue Apr 22 2008 12:14:00

Even in the pathetic pantheon of subprime mortgage losers, Royal Bank of Scotland stands out.

Banking jobs cut in Londonupdated: Tue Apr 22 2008 05:27:00

Thousands of banking jobs are slashed in London, including at CitiGroup and Merrill Lynch. CNN's Owen Thomas reports.

Time.com: Japan's Strong Yen Problemupdated: Fri Mar 14 2008 14:00:00

Corporate earnings and consumer spending in the world's second-largest economy may be adversely affected by the weakness of the dollar

Fortune: Losses stalk Royal Bank of Scotlandupdated: Fri Feb 15 2008 07:03:00

Could Royal Bank of Scotland be the new AIG? AIG, of course, which was once sanguine about its exposure to securities backed by subprime mortgages, just confessed to a far bigger problem than it had previously admitted, and acknowledged that its internal valuation models were being questioned by its auditors. Royal Bank of Scotland, or RBS, has also been upbeat.

CNNMoney: A record year for deals winds downupdated: Thu Dec 20 2007 08:29:00

Mergers and acquisitions climbed to another record this year, but the credit crunch is taking the wind out of the sails of the once-mighty deal-making machine.

Rate decisionupdated: Wed Oct 10 2007 09:45:00

Financial jounalist Robert Miller on European bank's interest rates decision.

CNNMoney: Group claims victory in ABN takeoverupdated: Mon Oct 08 2007 13:43:00

A consortium led by Royal Bank of Scotland claimed victory Monday in its takeover of Dutch bank ABN Amro, bringing an end to the biggest banking deal ever.

CNNMoney: $101B battle for ABN drawing to a closeupdated: Fri Oct 05 2007 07:23:00

The $101 billion battle for Dutch bank ABN Amro, the biggest banking buyout ever, is coming to a close, according to a published report.

CNNMoney: Strong start for stocksupdated: Sun Jul 22 2007 21:48:00

Stocks got off to a higher start Monday, helped by some surprisingly strong earnings from Dow component Merck and some dealmaking activity.

CNNMoney: Monday's market moversupdated: Mon May 07 2007 10:16:00

The following are some of Monday's most actively traded stocks:

CNNMoney: Bulls ready to run againupdated: Mon May 07 2007 05:47:00

Stocks were poised to continue their recent run Monday on a rash of merger news.

CNNMoney: Buyouts: Hotter than everupdated: Fri May 04 2007 10:42:00

The buyout deals keep on coming, a sign of just how white-hot the market is for mergers and acquisitions.

CNNMoney: Biggest bank deal ever: What to watchupdated: Mon Apr 23 2007 10:20:00

Dutch bank ABN Amro agreed Monday to be bought by British bank Barclays in a deal valued at $91 billion, which would be the biggest deal ever in the financial sector.

CNNMoney: More bank buyouts aheadupdated: Tue Mar 20 2007 13:32:00

Merger talks between Barclays of Britain and ABN AMRO of the Netherlands could lead to the biggest banking deal in European history and spark another round of consolidation in the industry, analysts said Tuesday.

Fortune: Road warriorupdated: Tue Nov 21 2006 12:29:00

SINCE RETIRING from competitive golf at the 2005 British Open, Jack Nicklaus has traded long-distance drives for longer-distance flights. The Golden Bear is CEO of his golf course design firm, Nick...

CNNMoney: Lag hits Royal Bank of Scotlandupdated: Thu Dec 08 2005 07:19:00

Europe's second-largest bank, The Royal Bank of Scotland, on Thursday said its 2005 profit would meet market expectations, but shares declined as the prediction compared negatively with those of rival U.K. banks recently.

CNNMoney: Bond slide continues after ISMupdated: Mon Apr 05 2004 10:49:00

Yields on U.S. Treasurys climbed to three-month highs as investors continued to sell fixed-income securities following Friday's strong payroll report and a better-than-expected report from the services sector.

CNNMoney: Bonds tumble, dollar dipsupdated: Fri Jan 02 2004 08:43:00

Treasury prices tumbled Friday as a report showing surprising manufacturing strength brought forward market expectations for an eventual interest rate increase from the Federal Reserve.

We recommend