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FILE PHOTO: Royal Bank of Scotland signs are seen at a branch of the bank, in London

RBS profits plunge 59% as it sets aside $788 million to defend itself from the coronavirus pandemic

RBS said it expects to take a hit of about $1 billion to stem potential losses from the coronavirus pandemic, as its first quarter profits fell 59%.

One of Britain’s biggest banks has appointed its first female CEO

Alison Rose, who joined RBS as a graduate trainee 27 years ago, currently heads up the commercial and private banking division.

The star investor in ‘The Big Short’ has a new short against Barclays — and is ramping up bearish bets on banks

Neuberger Berman's Absolute Return Multi-Manager Fund, thought to hold the investor Steve Eisman's positions, has shorts in Barclays and Wells Fargo.
Barclays stock crashes on Brexit news

UK bank stocks are cratering after Brexit chaos rumbles Theresa May’s government

UK bank stocks tanked after Prime Minister Theresa May failed to win over her party or investors with her Brexit plan.
A worker cleans the glass exterior next to the logo of RBS (Royal Bank of Scotland) bank at a building in Gurugram on the outskirts of New Delhi, India, September 8, 2017.

Emails show RBS bankers joked about destroying the US housing market before 2008

Email transcripts released by the US Department of Justice (DOJ) show RBS bankers joking about destroying the housing market before the 2008 crash.
Britain's Chancellor Alistair Darling leaves the Treasury to go to the House of Commons to deliver his pre-budget report, in central London November 24, 2008.

‘It sent a tremor down my back’: Alistair Darling reveals how Britain came within hours of the ‘breakdown of law and order’

If you can't get your money you can't buy food, you can't buy petrol etc. There was a grave risk of going from an economic crisis to a political crisis, where you have a breakdown of law and order. We were that close to the brink."

RBS made its first annual profit since the financial crisis — but it is not out of the woods yet

The bank made an attributable profit of £752 million in 2017, the first since it was nationalised during the financial crisis.
Britain's Shadow Finance Minister John McDonnell speaks at the Labour Party Post-Budget Rally in West Bromwich, Britain, November 23, 2017.

Labour details radical plans to move parts of the Bank of England to Birmingham

The Labour party has detailed proposals to and lend £250 extra to British business through a publicly-owned RBS should it be elected to government.

Here’s the doomsday scenario British banks faced in the Bank of England’s annual stress test

This year's stress test scenario included a 4% fall in the UK's GDP growth, as well as a more than 30% fall in the value of the pound.
London, City

Bank of England says UK lenders could cope with ‘disorderly’ Brexit — as all banks pass stress tests for the first time

"The 2017 stress test shows the UK banking system is resilient to deep simultaneous recessions in the UK and global economies," the Bank of England said.