NATWEST bank’s long-term future is being undermined by owners Royal Bank of Scotland (RBS), unions warned yesterday as another 600 job losses were announced.
RBS, 73 per cent owned by the Treasury since the 2008 financial bailout, said yesterday it will be axing 32 NatWest...
Friday 15th Apr 2016
posted by Paddy McGuffin in Britain
TWO banks issued warnings yesterday of a multimillion-pound hit to their finances as a result of mis-selling payment protection insurance (PPI).
The Royal Bank of Scotland is to set aside a further £2 billion to cover past mistakes, including £500 million for PPI...
Thursday 28th Jan 2016
posted by Will Stone in Britain
OVER recent weeks, Britain’s mass media claim to have discovered “Corbynomics.”
Labour Party leadership contender Jeremy Corbyn is apparently threatening to throw a potent Molotov cocktail of untried economic ideas and policies into the calm waters of...
Monday 24th Aug 2015
posted by Morning Star in Editorial
NINE banks including Barclays, HSBC and Royal Bank of Scotland agreed a settlement of more than £1.3 billion with US investors yesterday over foreign exchange rate-rigging claims.
Bank of America, BNP Paribas, Citi, Goldman Sachs, JP Morgan and UBS were also part of the...
Saturday 15th Aug 2015
posted by Morning Star in Britain
CAMPAIGNERS dressed as George Osborne delivered a 119,000-signature petition to the Treasury yesterday demanding that the public share in Royal Bank of Scotland (RBS) is not sold.
The suited-and-booted activists from Move Your Money (MYM) dressed as bankers and the Chancellor himself...
Thursday 13th Aug 2015
posted by Lamiat Sabin in Britain
Osborne plans £32bn ‘sale of the century’
Thursday 6th Aug 2015
THE taxpayer is £1 billion poorer today following George Osborne’s giveaway of shares in RBS — a bank bailed out with our money.
Public cash was used to buy shares at 502p each when the bank was bailed out amid the global crisis of capitalism in 2008.
Wednesday 5th Aug 2015
posted by Luke James in Britain
GEORGE OSBORNE portrays his fire-sale disposal of RBS shares to City institutions as the “right thing to do for the taxpayer,” which begs the question which particular taxpayer he means.
A deal that leaves the Exchequer with a £1 billion loss on a sale bringing in...
UNITE condemned George Osborne as “reckless” yesterday after he announced the immediate sale of the government’s stake in the Royal Bank of Scotland (RBS).
UK Financial Investments (UKFI), through which the Treasury owns its 79 per cent share, is seeking to flog off...
Tuesday 4th Aug 2015
posted by Zoe Streatfield in Britain
WE OWN IT director Cat Hobbs questioned the Tories’ real intentions behind the RBS sell-off.
The public-services campaigner told the Star: “Why is George Osborne in such a hurry to sell off RBS, even if it means taxpayers will lose out?