As per a new report, it has been revealed that a Greek ship owner exported Iranian crude oil to an Indian shipping company despite the Western Sanctions that Iranian crude and petroleum products would not be exported to other nations.
It has been recently revealed that the Royal Bank of Scotland has fired four employees because of their connection with the interest rate manipulation case. The Royal Bank of Scotland group is actually the largest government based lender and this recent probe has definitely proved to be disgrace for the bank.
Britain's financial watchdog FSA will now examine the collapse of the Royal Bank of Scotland (RBS) in light of new revelations about the bank's ex-chief executive Sir Fred's secret affair with a senior colleague.
Reports are coming that shamed banker Fred Goodwin gave his lover two lucrative promotions when he was the ban's chief.
The banking regulator wants to confirm whether Fred Goodwin's secret affair contributed to the collapse of the bank.
Britain's biggest government-owned bank, RBS, is entering the arena of retail fund management to mitigate risk.
RBS will launch two new funds, viz. Volatility Controlled Cautious Managed Fund and Volatility Controlled Balanced Managed Fund.
City advisers have started rolling to offer help in selling Bank of Scotland insurance business after an outbreak of interest was seen coming from potential suitors that suggested raking in U. S. billionaire, Warren Buffet.
Offloading Direct Line by 2013 as the price of Government’s bailout is what has been ordered by the European Commission to RBS, where the taxpayers own 83% of the bank.
The Spanish major Santander confirmed its entrance in the bid for approximately 300 uptown branches being sold by the Royal Bank of Scotland. However the leading bank, RBS refused to comment on any of the financial details, but as per the market speculation this week suggests a deal which is worth about £1.8bn earlier this week.