Royal Bank Of Scotland (RBS)

The Royal Bank of Scotland (RBS) has been fined £5,620,300 by the Financial Conduct Authority (FCA) for incorrectly reporting transactions it made in wholesale markets, and in some instances, failing to report transactions at all.

Regulators should start thinking about alternatives to fines, such as punishing banks with higher capital requirements in order to help remedy problems, says Craig Spielmann, head of operational risk for the Americas at RBS in New York.

The finance industry needs to put a stop to its sequence of scandals and work to rebuild trust, according to David Wright, secretary general of the International Organization of Securities Commissions.

UK bank RBS has been fined a collective £391m for its role in the Libor scandal, with the UK FSA’s investigation finding over 200 “inappropriate” rate submissions.

Two executives at Royal Bank of Scotland are reportedly under pressure to step down as US and UK regulators are concerned about the culture of the investment banking division at the bank.

The day after Pierluigi Bersani was confirmed leader of left-wing Partito Democratico, defeating Matteo Renzi in the party's primary elections, 2013 elections remain a key risk for Italy and investors, as they threaten a lack of continuity in the implementation...

As 2012 closes, credit markets are torn between two opposing forces, and in 2013 European policymakers will get closer to a solution, stepping towards a banking union, according to Alberto Gallo, head of European macro credit research at Royal Bank of...

The UK economy may never recover the £66bn spent on rescuing Royal Bank of Scotland (RBS) and Lloyds, a new report has warned.

Royal Bank of Scotland (RBS) is embarking on further cuts to its investor product and equity derivatives (IPED) unit, following the creation of employee consultation bodies for the UK and Europe, the Middle East and Africa last week.