Search for: "BANK OF SCOTLAND"
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17 May 2018, 12:45 pm
Once again, Royal Bank of Scotland (RBS) has arrived at yet another securities settlement related to its mortgage practices leading up to the 2008 housing crisis. [read post]
22 Apr 2008, 5:39 am
The Royal Bank of Scotland on Tuesday said that it planned to raise 12 billion pounds ($23.7 billion) through the sale of shares to existing investors in an attempt to bolster its capital position. [read post]
30 Jan 2012, 3:27 am
Stephen Hester, chief executive of the Royal Bank of Scotland, has decided to turn down his bonus after coming under heavy pressure from British politicians. [read post]
8 Apr 2009, 7:18 am
In an attempt to cut costs, the Royal Bank of Scotland, brought to the brink of near collapse by its former Chief Sir Fred Goodwin, is to sack 9000 employees in what may be the first round of many lay offs.The Scotsman reports :RBS axes 9,000 jobs in bid to cut £2.5bnPublished Date: 08 April 2009By ROSS LYDALLTHE beleaguered Royal Bank of Scotland yesterday announced it was to axe 9,000 jobs - 4,500 of them in the UK - as part of a move to cut its costs by… [read post]
1 Mar 2007, 4:20 am
The Royal Bank of Scotland Group said its profit rose 14 percent last year and raised its dividend by 25 percent. [read post]
8 May 2009, 4:44 am
Royal Bank of Scotland on Friday reported a first quarter loss of 857 million pounds ($1.29 billion), due to more write-downs despite higher revenues, and warned that it faces two very tough years as bad loans are expected to increase. [read post]
8 Oct 2007, 4:49 am
The $101 billion bid for ABN Amro by the consortium led by Royal Bank of Scotland looked set to prevail after Barclays withdrew its offer Friday. [read post]
27 Jun 2011, 6:45 am
Bank of Scotland plc v Zinda [2011 EWCA Civ 706; [2011] WLR (D) 208 “An agreement between the mortgagor and mortgagee consolidating the unpaid instalments leading up to a suspended possession order and the future mortgage instalments thereby enlarging the total amount of loan did not have the effect of creating a new contract of loan displacing the original contract of loan. [read post]
31 May 2013, 8:00 am
In the litigation Mr Crawfurd sought to vindicate a £20 Bank of Scotland note which had gone missing in the post and turned up some time later in the hands of the Royal Bank of Scotland. [read post]
23 Mar 2009, 4:49 am
What a happy bunch of people the Royal Bank of Scotland board members must have been, as allegations of bullying of non-executive board members is revealed by Labour MSP Lord Foulkes.Sounds a bit like some of the goings on at other institutions in Scotland we could name …The Herald reports :Regulator to probe ‘bullying' of RBS directorsMICHAEL SETTLE, UK Political Editor … [read post]
10 Aug 2010, 6:52 am
The Royal Bank of Scotland has recently published the financial results for its insurance business for the first six months of 2010, revealing an operating loss of £253 million. [read post]
6 Oct 2008, 8:57 am
Platform Funding Ltd v Bank of Scotland plc (formerly Halifax plc) Court of Appeal “The Court of Appeal so held, the Master of the Rolls dissenting, dismissing the appeal of the defendant, Bank of Scotland plc, formerly Halifax plc, from the decision of Judge Collins in Central London County Court on November 2, 2007, giving judgment for the claimant, Platform Funding Ltd. [read post]
21 Mar 2011, 5:00 am
Royal Bank of Scotland (“RBS”), a British bank, has two U.S. subsidiaries: Greenwich Capital Markets and Citizens Financial Group. [read post]
30 Mar 2010, 1:39 am
“Royal Bank of Scotland has been fined £28.6m for breaching competition law after sharing confidential details about the pricing of its commercial loans with rival staff at Barclays. [read post]
20 Nov 2009, 10:22 am
"The Royal Bank of Scotland has been ordered to carry out £200,000 of work to improve wheelchair access at one of its branches after senior judges ruled that it had breached disability laws. [read post]
6 Jan 2009, 1:40 am
Ansari v Ansari (Bank of Scotland plc intervening) [2008] EWCA Civ 1456; [2008] WLR (D) 413 “Where a disposition of property made with the intention of reducing financial relief had been followed by further transactions made for valuable consideration and in good faith, the discretion conferred by s 37(3) of the Matrimonial Causes Act 1973 would [...] [read post]
25 Mar 2010, 3:06 am
Scullion v Bank of Scotland plc [2010] EWHC 572 (Ch); [2010] WLR (D) 88 “A buy-to-let transaction was not very different from the ordinary residential house purchase when considering the duties and liabilities of valuers to purchasers of property, although each case might turn on its own facts. [read post]
6 May 2013, 7:44 am
A spokesman for Lloyds Banking Group pointed out that neither Bank of Scotland nor its parent company is the subject of the Operation Hornet investigation but declined to comment further. [read post]
11 Mar 2011, 2:44 am
Bank of Scotland v Pereira and others [2011] EWCA Civ 241; [2011] WLR (D) 79 “A party against whom a judgment in default of appearance had been given was entitled to apply to set aside that decision, if she met the three conditions in CPR r 39.3, and could seek to appeal against the default judgment under CPR Pt 52 whether or not she could comply with the rule 39.3 conditions. [read post]
5 Aug 2011, 12:34 am
The loss at the Royal Bank of Scotland, the British bank partly owned by the government, came as exposure to Greek government debt continues to weigh on European financial firms. [read post]
