The Royal Bank of Scotland (RBS), which is 84% owned by the state, has announced that it will be cutting 3,500 people from its payroll in the UK. …read more
Posts Tagged ‘RBS’
RBS sheds 3,500 jobs in the UK
Friday, September 3rd, 2010Virgin, NAB and Santander eye up 318 RBS branches
Sunday, February 7th, 2010Secret Bank Of England Loans
Tuesday, November 24th, 2009
Last October, the Bank of England presumably at the behest of the Government made secret emergency loans to the Royal Bank of Scotland (RBS) and Halifax Bank of Scotland (HBOS). These totalled some £61.6 billion pounds and prevented them going under. What this amounts to is that banks that the general public thought were on the verge of going under had already effectively done so. Details of this ‘Emergency Liquidity Assistance’ have just been released. …read more
EU and UK to agree split of banks
Wednesday, October 28th, 2009
The EU and UK will agree to break up Northern Rock, Lloyds and RBS. In their push to reduce the size and impact of individual banks on not only the market put also the country as a while, they are pushing ahead with plans to bring new blood into the banking industry. …read more
