The Royal Bank of Scotland Group plc (RBS) - NYSE
  • Aug. 4, 2011, 4:10 AM

    RBS (RBS) plans to cut as many as 2,000 jobs from its I-banking unit, with senior exec John Hourican saying a smaller, more focused business will deliver more stable profits. RBS has cut more than 27K jobs since the financial crisis began, and reduced its I-banking client base to 5K from 26K.

    | Aug. 4, 2011, 4:10 AM
  • Jul. 25, 2011, 9:28 AM

    Bank of China (BACHY.PK), General Electric (GE) and private equity firm Terra Firma are reportedly among the leading bidders for Royal Bank of Scotland's (RBS) aircraft leasing business. This is the second time RBS has tried to sell its aircraft leasing unit. (also)

    | Jul. 25, 2011, 9:28 AM
  • Jul. 22, 2011, 1:59 PM

    RBS (RBS +1.1%) plans to sell its profitable airplane leasing division in a deal that could land the British government-owned bank $8B according to analysts. The firm hired Goldman Sachs (GS +0.1%) to price the deal back in 2009, but has been waiting for better market conditions to pitch the sale.

    | Jul. 22, 2011, 1:59 PM
  • Jul. 21, 2011, 9:24 AM

    A look at premarket action in the European banking sector on news of the EU going "all-in" on Greece: NBG +5.5%, DB +3.1%, STD +4%, CS +3.5%, BCS +5.9%. In Paris, CRARY.PK +4.3%, SCGLF.PK +4.4%.

    | Jul. 21, 2011, 9:24 AM
  • Jul. 19, 2011, 9:00 AM

    Premarket gainers: IDCC +28%. HOG +9%. FEED +8%. JVA +6%. EK +6%. CTIC +6%. PII +5%. RBS +5%. MGM +5%. XING +4%. ALU +4%. ING +4%. LYG +3%. NBG +3%. WYNN +3%. TZOO +3%. RENN +3%. MOS +3%. SINA +3%. NVS +3%. LVS +3%. ASML +3%.
    Losers: SBLK -16%. AVY -10%. GS -3%.

    | Jul. 19, 2011, 9:00 AM
  • Jul. 18, 2011, 3:43 PM
    Some say Bank of America (BAC) shares are oversold a day before Q2 results are out, but the stock was similarly oversold the last time it reported quarterly results; it fell 2.4% that day, and gapped even lower the next session. BofA -2.6% at $9.74, off a two-year low of $9.53 intraday (also). Financials (XLF -1.5%) lower across the board; European banks fare even worse.
    | Jul. 18, 2011, 3:43 PM | 1 Comment
  • Jul. 18, 2011, 9:31 AM

    The U.K. government's sale of its stakes in RBS (RBS) and Lloyds (LYG) is unlikely until there is more regulatory certainty for the banks and their share prices. A major problem is that both are trading way below the levels the government needs to sell them at to make money.

    | Jul. 18, 2011, 9:31 AM
  • Jul. 11, 2011, 7:50 AM
    European banks take a hit as debt contagion fears grow. DB -4%, UBS -1.2%, RBS -3.7%, ING -6.3%, STD -4.6%, CS -2.8%, BCS -4%, HBC -1.3%.
    | Jul. 11, 2011, 7:50 AM | 2 Comments
  • Jul. 8, 2011, 9:00 AM

    Premarket gainers: AMLN +6%. GERN +4%.
    Losers: XXIA -19%. ALV -8%. PMI -7%. VE -5%. RDN -4%. DANG -4%. CREE -4%. RENN -5%. MWE -4%. NOK -3%. SOL -3%. YOKU -3%. STD -3%. MPEL -3%. E -3%. AEO -3%. ARMH -3%. LYG -3%. SDRL -3%. RBS -3%.

    | Jul. 8, 2011, 9:00 AM
  • Jul. 6, 2011, 11:30 AM

    Shares of Barclays (BCS -4.2%), Lloyds (LYG -1.9%) and RBS (RBS -3.6%) retreat on concerns European banks stand in the crosshairs of even bigger problems than downgrades by ratings agencies of European sovereign debt.

    | Jul. 6, 2011, 11:30 AM | 1 Comment
  • Jul. 6, 2011, 7:49 AM
    Italian banks are again incurring the brunt of the damage in an EU selloff as Spain looks to have been officially replaced as the next domino in the EU debt crisis. Unicredit -5.4% is threatening to take out its panic low of June 24 following the Moody's downgrade warning. Italy -1.8%.
    | Jul. 6, 2011, 7:49 AM
  • Jul. 1, 2011, 7:13 AM

    RBS (RBS +2.65%) has reportedly reached a deal to sell a 25% stake in a group of U.K. commercial-property loans to Blackstone (BX). With a face value of £1.4B ($2.2B), a deal would be the largest such disposal of U.K. commercial-property debt. (see also)

    | Jul. 1, 2011, 7:13 AM
  • Jun. 30, 2011, 8:22 AM
    RBS (RBS +3.9%) is ticking higher on reports it may be nearing a deal to sell its Aussie unit to MUFG (MTU).
    | Jun. 30, 2011, 8:22 AM
  • Jun. 27, 2011, 6:03 AM

    French banks have reportedly told the French government they're willing to partly roll over maturing Greek bonds, while U.K. banks are being urged to take multi-million pound losses in a bid to stave off Greek default. The moves come even as eurozone leaders admit they're preparing for default just in case.

    | Jun. 27, 2011, 6:03 AM
  • Jun. 24, 2011, 8:44 AM
    "The direct exposure to Greece of U.K. banks is really remarkably small," says BOE Governor King, who also dismisses the indirect exposure - "I'm not sure the sovereign debt crisis and what happened to Lehman Brothers have much in common."
    | Jun. 24, 2011, 8:44 AM | 3 Comments
  • Jun. 23, 2011, 4:55 PM

    U.K. Deputy Prime Minister Nick Clegg adds his support to a proposal for the government to give the the public its shares in Lloyds (LYG -3.3%) and RBS (RBS -3.2%). Conservative lawmakers call the proposal "an absolute non-starter."

    | Jun. 23, 2011, 4:55 PM
Company Description
Royal Bank of Scotland Group Plc operates as an international banking and financial services company that provides a wide range of products and services to personal, commercial, and large corporate and institutional customers through its two principal subsidiaries: The Royal Bank of Scotland Plc... More
Sector: Financial
Industry: Money Center Banks
Country: United Kingdom