Royal Bank of Scotland is preparing a dramatic retrenchment that would see it become a much smaller U.K. retail and commercial bank. The FT reports.» Read More
Steve Sedgwick outlines the job cuts to take place at the Royal Bank of Scotland ahead of the bank's privatization.
Helia Ebrahimi, UK business editor at CNBC discusses what prompted RBS CEO, Stephen Hester, to step down prematurely.
Cormac Leech, bank equity researcher at Liberum Capital, says HSBC's results are disappointing and advises switching to Lloyds and RBS.
Royal Bank of Scotland is expected to report its first quarterly profit in 18 months on Friday, the fruit of efforts to focus on bread and butter lending.
Greg Gibbs, Senior Currency Strategist at RBS, & Paul Gambles Managing Partner of MBMG International, discuss various scenarios impacting the U.S. dollar. They also shed light on the state of Scottish pound and what it means for the Sterling.
Mitsubishi UFJ Financial Group, Japan's largest lender by assets, is in advanced talks to buy U.S. commercial property loans from Deutsche Bank worth about $3.7 billion.
Australia is scrapping the panel that sets interbank lending rates after the proposal of new international guidelines and an exodus of the banks that set the rate in the wake of the Libor rate-rigging scandal.e.
John McCormick, Chairman, Asia Pacific at RBS discusses the bank's return to health after Bank of England Governor Mervyn King recommended splitting RBS into a 'good' and 'bad' bank last week.
Stephen Hester, CEO of RBS, says the bank has one more big year of restructuring in 2013 before it starts looking like a normal company.
Simon Maughan, financials sector strategist at Olivetree Financial, tells CNBC that the RBS valuation indicates that the bank is not expected to generate high returns for a long period of time.
Monte dei Paschi pumped up its bid for Antonveneta to trump a rival offer from France's BNP Paribas, paving the way for an eventual state bailout of the world's oldest bank.
David Enrich, European banking editor at The Wall Street Journal, tells CNBC the extent of the Libor scandal means the repercussions look set to continue well into next year.
With the S&P 500 coming off a correction, there are ample buying opportunities right now in stocks. TheStreet.com reports.
Fiscal cliff negotiations in Washington will boost the buck, and the economic recovery will keep it going, this pro says.
CNBC's Eamon Javers reports Congress is headed back to Capitol Hill to work on a budget and tax agreement; and John Taft, RBC Wealth Management CEO, provides perspective on overhauling the current tax code. "Don't underestimate the degree of frustration out there among individual investors," Taft said.
Banking jobs in the City of London, the business and financial center of the U.K., will fall next year and drop even further in 2014, reaching their lowest level since 1993, according to a report by the Centre for Economics and Business Research.
Bruce Van Saun, CFO of RBS, tells CNBC that banks didn't live up to standards of integrity or have the right cultures in the lead up to the crisis and they are now paying the price for that.
Virginie Maisonneuve, head of global and international equities at Schroders, tells CNBC that as an investor who can pick banks around the world there are still a lot of pressure points on banks like RBS and she doesn't want to be there.
The yen gets a break and oil prices take down the loonie — it's time for your FX Fix.
Chris Tinker, equity strategist at Libra Investment, explains the on-going search for RBS branch ownership in the commercial marketplace.