RBS Leaves U.K. Asset Protection Plan
Royal Bank of Scotland Group has paid 2.5 billion pounds ($4 billion) to the British government to insure its riskiest assets and agreed to exit the Asset Protection Scheme.
Former RBS Chief Stripped of Knighthood
Former Royal Bank of Scotland Group CEO Fred Goodwin is now also a former knight of the realm. Goodwin, on the advice of the Honors Forfeiture Committee in Britain, was stripped of his knighthood.
RBS May Depart Cash Equities Business: Report
The Royal Bank of Scotland, the largest government-owned bank in Britain, will announce later this week that it will exit the cash equities business. The division will either be sold or, if no buyers are found, shut down.