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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%.
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.
UK bank stocks tanked after Prime Minister Theresa May failed to win over her party or investors with her Brexit plan.
Email transcripts released by the US Department of Justice (DOJ) show RBS bankers joking about destroying the housing market before the 2008 crash.
‘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."
The bank made an attributable profit of £752 million in 2017, the first since it was nationalised during the financial crisis.
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.
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.
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.