Royal Bank of Scotland Related Content

RBS Shifts Financing Focus Away From Fossil Fuel Exposures

RBS will no longer provide financing for new coal fired power stations, new thermal coal mines, oil sands projects, artic coal projects and unsustainable vegetation or peatland clearance projects. read more

Sky News: RBS to Auction Lombard Leasing Assets

Sky News reported that the Royal Bank of Scotland has enlisted KPMG to auction the offshore assets of its Lombard asset finance group in a sale expected to deliver £200 million ($265.4 million). read more

Ship Financing Drops by $42.5B as Traditional Bankers Exit Market

According to Hellenic Shipping News, there was a $42.5 billion decrease in ship lending in 2016, partially attributed to the drop to the exit of Commerzbank and Royal Bank of Scotland from the market. read more

Bloomberg: RBS Probed for Causing Collapse of Viable Small Businesses

Bloomberg reported that the UK’s Financial Conduct Authority is probing the Royal Bank of Scotland for moving healthy small businesses into a restructuring group to purchase their assets at lower prices. read more

WSJ: Big Banks Lose Nearly Half a Trillion Dollars in 2016

The Wall Street Journal reported that 20 of the world’s biggest banks have lost 25% of their aggregate market value — approximately $465 billion — according to data from FactSet. read more

Seven Banks to Pay $324MM in Rate Rigging Case

Bloomberg reported seven banks have agreed to pay $324 million to settle claims they conspired to rig an interest rate benchmark used in the derivatives market. read more

WSJ: Federal Prosecutors Target RBS, J.P. Morgan Execs

According to the Wall Street Journal, federal prosecutors are pursuing criminal cases against executives of Royal Bank of Scotland and J.P. Morgan Chase for allegedly selling flawed mortgage securities. read more

Reuters: RBS Wants to Sell $5B Greek Shipping Loan Business

Reuters has reported that the Royal Bank of Scotland is beginning to terminate its Greek operation and is putting its $5 billion shipping loans portfolio up for sale. read more

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