Five U.K. banks must find 13.4 billion pounds ($21 billion) to plug a 27.1 billion-pound capital shortfall by the end of the year, the Bank of England said. The five lenders, including Barclays Plc (BARC), Lloyds Banking Group Plc (LLOY) and Royal Bank of Scotland Group Plc (RBS), have already […]
Tag: Royal Bank of Scotland
Shareholders look to sue RBS over rights issue: newspaper
Shareholders in Royal Bank of Scotland (RBS.L) are in talks with litigation funds with a view to launching a formal 3.3 billion pound ($5.24 billion) fund lawsuit against the bank, the Times reported on Monday. The shareholders, known as the RBoS Shareholders Action Group, plans to sue RBS and its […]
RBS Reports 2012 Half-Year Loss Of £1.5bn
The Royal Bank of Scotland has reported a pre-tax loss of £1.5bn in the six months to June 30, compared to £794m last year. The bank, 82% owned by the UK taxpayer, has also reported an operating profit of £1.8bn, which is broadly in line with last year’s figures. CEO […]
