RBS withdraws from toxic asset scheme

Salih, Chris
October 2012
Fundweb;10/17/2012, p21
Trade Publication
The article reports on the move of the Royal Bank of Scotland (RBS) in withdrawing the asset protection scheme (APS) of the British government. It states the scheme was designed to insure against losses from its riskiest assets. RBS chief executive Stephen Hester confirms the significant role of the scheme, especially when the bank implemented change to transform such into a stronger institution.


Related Articles

  • RBS to exit asset protection scheme. Thomas, Paul // Money Marketing (Online Edition);10/17/2012, p14 

    The article reports on the closure of the government's asset protection scheme (APS) of the Royal Bank of Scotland (RBS) on October 18, 2012. It notes that the said APS was set up in January 2009 to increase confidence in the participating institutions, thus allowing them to more easily raise...

  • RBS Chief Sells Share Tranche.  // American Banker;11/23/2011, Vol. 176 Issue 181, p16 

    Brief information is given about Royal Bank of Scotland Group PLC's chief executive officer Stephen Hester's sale of a final tranche of a controversial stock award which leaves him with 5.4 million shares of the bank that he can sell at any time.

  • RBS warns ringfencing bank retail arms would raise risk. Thomas, Paul // Money Marketing;6/16/2011, p26 

    The article reports on the assertion of Stephen Hester, chief of Royal Bank of Scotland (RBS), that the proposal to ringfence the retail arms of banks in Great Britain would increase risk in the country's banking industry.

  • RBS chief exec Stephen Hester to step down. Holt, Natalie // Money Marketing (Online Edition);6/12/2013, p1 

    The article announces the resignation of Stephen Hester as chief executive officer (CEO) at Royal Bank of Scotland.

  • Labour accuses Govt of planning 'pre-election firesale' of RBS. Dale, Samuel // Fundweb;6/13/2013, p7 

    The article reports that British treasury economic secretary Sajid Javid has denied any involvement of the Treasury in Stephen Hester's departure as chief executive officer (CEO) from Royal Bank of Scotland. The Labour party has accused the government for planning a pre-election firesale...

  • RBS to announce 2,000 job cuts as Hester exits. Selby, Tom // Fundweb;6/13/2013, p18 

    The article presents information on the plans of Royal Bank of Scotland to announce 2,000 job cuts after chief executive officer Stephen Hester announced that he will be leaving the bank. It is stated that the job cuts are expected to be spread worldwide as the investment division's size is...

  • RBS chief executive Hester to step down. Holt, Natalie // Mortgage Strategy (Online Edition);6/19/2013, p26 

    The article announces that Royal Bank of Scotland (RBS) group chief executive officer Stephen Hester will resign in 2013.

  • RBS set to pay out £250m in bonuses. Dale, Samuel // Money Marketing (Online Edition);1/29/2013, p19 

    The article focuses on payment of 250 million pounds in bonus to staff by the Royal Bank of Scotland (RBS) at its investment banking branch. Libor rigging scandal division will receive the money. RBS awarded one million pounds in bonus to chief executive officer (CEO) Stephen Hester in 2012...

  • RBS retail head tipped to become chief exec. Holt, Natalie // Fundweb;7/29/2013, p18 

    The article reports that Royal Bank of Scotland retail banking head Ross McEwan has been considered to replace outgoing group chief executive Stephen Hester but the appointment will be subject to approval from the RBS board and other related entities.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics