Royal Bank of Scotland aims to slash as many as 14,000 jobs in the investment banking sector.» Read More
Chris Wheeler, bank analyst at Mediobanca, expects the U.K. Chancellor to outline his plans for the privatization of Lloyds and RBS next week.
Alex Donohue, press officer from Ladbrokes, discusses who could replace Hester at the head of RBS and says that insider Nathan Bostock is the current favorite.
John McFall, former chairman of the Treasury Select Committee, questions the government's role in Stephen Hester's departure from RBS, and says it is bad for taxpayers.
Simon Maughan, financials sector strategist at Olivetree Financial Group, says that the market's reaction to Hester's outing from RBS is "correct".
Philip Hampton, chairman of RBS, tells CNBC that the departure of Stephen Hester as the CEO of RBS was accelerated as a result of a quickening of the banks privatization.
Steve Sedgwick takes you through the European market open where stocks have dropped sharply.
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.