Royal Bank warns of share offer threat to joint ventures

Royal Bank warns of share offer threat to joint ventures

Key Royal Bank of Scotland joint ventures in Asia and the US could be scuppered if the take-up on a £15bn share offer comes up short and the government is forced to step into the breach to take a majority stake in the beleaguered bank, the shareholder prospectus revealed yesterday. (2 mins ago)

Still room for a Royal redemption

Royal Bank of Scotland chief executive Sir Fred Goodwin is a competitive sort – the type of chap you imagine likes to set records. He has had his fair share of successes, ensuring Royal’s regular achievement of record annual profits. (2 hours ago)

Key HBOS staff defect to Tesco Personal Finance

Bank of Scotland and Halifax owner HBOS is losing the operations director of its massive retail banking business, Shaun Doherty, to former main board director Benny Higgins at Tesco Personal Finance, The Herald has learned. (9 mins ago)

Tesco plans big push into banking

UK retailer Tesco has announced a major push into banking and other services with a £950 million deal to buy out Royal Bank of Scotland from their finance joint venture. (18 mins ago)

Four bidders said lined up for RBS Insurance

LONDON – Four suitors including Zurich Financial Services have put in first-round, informal bids for Royal Bank of Scotland’s insurance operations, people familiar with the matter said on Wednesday. (3 mins ago)