Menu
14/12/2009
Europe Backs RBS Restructuring
The Government has welcomed the European Commission's approval of restructuring proposals for the Royal Bank of Scotland (RBS).
Plans for the restructuring of RBS were announced on 3 November, following an agreement with the Treasury on the bank's participation in the Asset Protection Scheme (APS).
Financial Services Secretary to the Treasury, Paul Myners, said today was an important day for RBS.
"After requiring significant taxpayer support, RBS can now get on with the task of planning for its future and working to give the public a good return on its investment in the bank," he said.
"Importantly, the divestments that RBS will make in the years ahead will be part of the biggest shake-up in High Street banking this country has seen in decades.
"Together with the eventual sale of Northern Rock and divestments from Lloyds, we could have three new banks operating on the High Street within four years."
(PR/BMcc)
Plans for the restructuring of RBS were announced on 3 November, following an agreement with the Treasury on the bank's participation in the Asset Protection Scheme (APS).
Financial Services Secretary to the Treasury, Paul Myners, said today was an important day for RBS.
"After requiring significant taxpayer support, RBS can now get on with the task of planning for its future and working to give the public a good return on its investment in the bank," he said.
"Importantly, the divestments that RBS will make in the years ahead will be part of the biggest shake-up in High Street banking this country has seen in decades.
"Together with the eventual sale of Northern Rock and divestments from Lloyds, we could have three new banks operating on the High Street within four years."
(PR/BMcc)
Related UK National News Stories
Click here for the latest headlines.
17 January 2014
Miliband Speech Promises Reform Of UK Banking Market
Labour leader Ed Miliband has criticised the UK's five largest banks, saying that they should be made to surrender a "significant" number of branches.
Miliband Speech Promises Reform Of UK Banking Market
Labour leader Ed Miliband has criticised the UK's five largest banks, saying that they should be made to surrender a "significant" number of branches.
03 December 2013
Further Technical Glitches For RBS
The Royal Bank of Scotland (RBS) has said it will compensate those left "out of pocket" after a glitch meant many of its customers were left unable to pay for purchases. Customers of RBS, NatWest and Ulster Bank discovered services, such as online and card payments, were unavailable between 6.30pm and 9.30pm on Monday.
Further Technical Glitches For RBS
The Royal Bank of Scotland (RBS) has said it will compensate those left "out of pocket" after a glitch meant many of its customers were left unable to pay for purchases. Customers of RBS, NatWest and Ulster Bank discovered services, such as online and card payments, were unavailable between 6.30pm and 9.30pm on Monday.
06 March 2013
Bank Governor Demands RBS Split
Bank of England governor Sir Mervyn King has called for the Royal Bank of Scotland to be split up. speaking to the Banking Standards Commission he said: "The whole idea of a bank being 82%-owned by the taxpayer, run at arms' length from the government, is a nonsense. It cannot make any sense.
Bank Governor Demands RBS Split
Bank of England governor Sir Mervyn King has called for the Royal Bank of Scotland to be split up. speaking to the Banking Standards Commission he said: "The whole idea of a bank being 82%-owned by the taxpayer, run at arms' length from the government, is a nonsense. It cannot make any sense.
26 June 2012
RBS Bank Problems Keep Man In Cell
A man who had been granted bail spent the weekend in prison because of the RBS computer systems breakdown. The defendant, who has not been identified, was allowed bail at Canterbury crown court in Kent on Friday but was kept in a remand cell until Monday because it was not clear whether his bail surety had been paid.
RBS Bank Problems Keep Man In Cell
A man who had been granted bail spent the weekend in prison because of the RBS computer systems breakdown. The defendant, who has not been identified, was allowed bail at Canterbury crown court in Kent on Friday but was kept in a remand cell until Monday because it was not clear whether his bail surety had been paid.
25 June 2012
RBS, NatWest And Ulster Bank 'Getting Back To Normal'
RBS, which owns NatWest and Ulster Bank, have said services should be "largely back to normal" today (Monday) following computer problems that have affected thousands of customers. The banks will extend branch opening hours for a fifth day in an effort to help clear a backlog of work.
RBS, NatWest And Ulster Bank 'Getting Back To Normal'
RBS, which owns NatWest and Ulster Bank, have said services should be "largely back to normal" today (Monday) following computer problems that have affected thousands of customers. The banks will extend branch opening hours for a fifth day in an effort to help clear a backlog of work.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
