Chief Executive Ross McEwan said the bank plans to build-up its Amsterdam unit, acquired after RBS bought ABN Amro in 2008, so that its trading division NatWest Markets can continue to operate smoothly after Brexit.
The lender said in a statement that the 4.2-billion pounds penalty was a "heavy price" to settle US mis-selling claims, which occurred in the run-up to the notorious global financial crisis and subsequent worldwide recession.
After surging to fresh intraday highs on February 23, the market may begin March series on a negative note, tracking global cues. Experts, however, feel that the breakout in the broader index could take the market higher from current levels.
The submission of data is mandatory for all active members of the exchanges, or those who have executed or cleared even a single trade during the period.
The bank's reported pretax profit was USD 843 million in the September quarter, down from USD 6.1 billion in the same period a year ago, HSBC said in a Hong Kong stock exchange filing on Monday.
The leading stock exchange introduced a new risk-based model for supervision of market entities following regulator Sebi's directions.
The data for the period April 1 September 30 has to be submitted in electronic form only.
Ring-fencing aims to avoid a repeat of the 2008 financial crisis, when banks' bad bets threatened ordinary depositors' cash, leading to big taxpayer-funded bailouts. The rules apply to all banks in Britain that have both retail and commercial or investment banking activities.
Trading members have been submitting risk-based supervision (RBS) data since 2013-14. However, there have been instances of delayed or non-submission of data.
Vineet Nayyar, Executive Vice Chairman of Tech Mahindra feels Brexit cannot be fully blamed for Infosys losing out on the Royal Bank of Scotland (RBS) deal. The only thing that can hit technology right now is better technology, he says.
Information technology giant Infosys has lost out on a 300-million pound 5-year contract in the BFSI space with Royal bank of Scotland (RBS) deciding against the planned spin-off of Williams & Glyn as a separate entity, reports CNBC-TV18.
"The Royal Bank of Scotland would just be too big for the economy (...) but that's around the plaque and not about where our people (are) because we have a very big business up here in Scotland," Chief Executive Ross McEwen told the BBC in an interview.
TO THE NEW, a digital technology company organized GeekCombat, a 2-day hackathon at their Noida office last week. The hackathon was co-sponsored by ...
The exchanges introduced the new risk-based model for supervision of market entities following markets regulator Sebi's directions.
In what virtually ends all of its customer-facing activities in the country, the troubled British lender RBS on May 16 announced it will be finally closing down its 10 branches serving the retail segment
Central banks in Asia's emerging markets are introducing new policy tools to get lenders to cut borrowing costs and move credit more quickly through their slowing economies.
IndusInd Bank's net interest income is seen going up 33 percent to Rs 1,230.6 crore in January-March quarter compared to Rs 925.1 crore in year-ago period, led by loan growth that is expected to be very healthy (factoring in the acquisition of RBS' diamond financing business).
In an interview to CNBC-TV18's Ronojoy Banerjee, Michelle Girard MD & US Chief Economist at RBS spoke about her expectations on US Fed rate hike.
Sanjay Mathur, Head of Research, RBS says the underlining trend largely remains sluggish and achieving the official growth target of 6.5 percent will be challenging for the China government.
The paid maternity leave has been extended to 180 days from the present 84 days, while paid paternity leave has been doubled to 10 days, it said in a statement. The move is aimed at retaining talent and enable employees to reach their full potential, so that they can balance work and day-to-day life
Draghi has already dropped hints that the central bank's quantitative easing (QE) program will be extended beyond its September 2016 putative deadline, sparking speculation among economists as to if and when the move might be announced.
After the Fed decided not to raise rates, 59 percent of survey respondents said they believed the central bank would move in December.
In the face of jittery financial markets and a global slowdown, the Fed blinked and held its key federal funds rate unchanged.
A voting member of the Federal Open Market Committee, Dudley addressed the Fed's potential tighteningâ€”especially considering the recent collapse in US equities and international financial turmoil - in a Wednesday press briefing.
The country, which represents the "S" in "PIIGS," a term coined as a catch-all for Europe's most troubled economies, is growing at its fastest pace in seven yearsâ€”3.1 percent in the second quarter. Of the other PIIGSâ€”Portugal, Italy, Ireland and Greeceâ€”only Ireland is growing faster.