RBS fined for illegal trades in emerging market rates business

Morris, Pamela
April 2014
Fundweb;4/23/2014, p12
Trade Publication
The article reports that Royal Bank of Scotland (RBS) faces £460, 000 charges due to illegal transactions with one of its traders in the bank' emerging markets in Great Britain.


Related Articles

  • Four big UK banks pass Euro stress test. Salih, Chris // Money Marketing;7/21/2011, p14 

    The article reports that four major banks in Great Britain have passed the European Banking Authority's stress tests, including the Royal Bank of Scotland, Barclay Bank PLC and Lloyds Banking Group.

  • 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.

  • Cameron calls for faster RBS return to private sector. Dale, Samuel // Mortgage Strategy (Online Edition);2/19/2013, p13 

    The article reports that the Royal Bank of Scotland has been urged by British Prime Minister David Cameron to accelerate reforms needed to return it to the private sector.

  • RBS appoints UBS to manage branch sale. Salih, Chris // Mortgage Strategy (Online Edition);11/12/2012, p13 

    The article announces the selection of investment bank UBS by Royal Bank of Scotland to manage the sale of its 316 branches in Great Britain.

  • FCA and PRA combine to fine RBS £56m over its IT systems failure. NORMAN, TESSA // Money Marketing;11/27/2014, Issue 1463, p36 

    The article reports on fines imposed on the Royal Bank of Scotland (RBS) by the British Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) for an information technology (IT) failure in 2012 that left customers unable to access money from their accounts or pay bills.

  • Lessons to be learnt. MCKENNA, IAN // Money Marketing;11/27/2014, Issue 1463, p36 

    The author discusses lessons about electronic banking and online valuation services that financial service providers learned from the information technology (IT) failure experienced by the Royal Bank of Scotland (RBS) in 2012.

  • RBS continues wealth business restructure ahead of RDR. Langston, Rob // Fundweb;5/4/2012, p19 

    The article reports on the work of the Royal Bank of Scotland Group (RBS) for reshaping its wealth business in Great Britain before the retail distribution review (RDR) implementation date. It stated about the wealth division of the bank that shows 38 percent decline in operating profit to 45...

  • It is time to unleash hell against banks. MOUNTY, PETER // Mortgage Strategy;12/1/2008, p13 

    The article presents the author's views on banks and banking in Great Britain. According to him, years ago banks gave up any sense of moral responsibility. He says that banks have become sales and profit oriented. All banks except the Royal Bank of Scotland are said to be remorseless after...

  • Company Profiles.  // United Kingdom Commercial Banking Report;Q2 2010, p39 

    The article profiles several banks in Great Britain including Royal Bank of Scotland (RBS), Barclays PLC, and Lloyds Banking Group PLC. It notes that Lloyds obtained loss worth 10 billion pound resulting to unemployment of 5,000 employees in January 2009. It cites that Barclay sold its Barclays...


Read the Article


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

Try another library?
Sign out of this library

Other Topics