MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3% in early trade. Hong Kong shares traded marginally lower, having ridden a wave of heavy buying from mainland investors to lift the Hang Seng index more than 14% higher in a 10-day winning streak, its longest since 2018.
"Given the quantum of affected payments and lack of short-term contingency arrangements, in the event that such euro clearing capabilities were not in place in time for a Hard Brexit or as required in the future, it could have a material impact on the Group and its customers," the bank said.
British banks have shuttered hundreds of branches in recent years in a bid to cut costs. RBS said the latest closures were related to its failed bid to spin-out its Williams & Glyn brand into a stand-alone bank.
Earnings after taxation collapsed to just 96 million pounds (USD 125 million) in the three months to the end of June, RBS said in a results statement.
Britain's government says it intends to sell a USD 3.5 billion part of its shareholding in taxpayer-owned Royal Bank of Scotland Group to institutional investors.
The British government on Wednesday announced plans to relaunch its sale of Royal Bank of Scotland, which the taxpayer rescued at the height of the financial crisis.
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.