Financial Regulatory Forum

RBS faces forced sales and 3,700 UK job cuts

November 2, 2009

A customer uses a Royal Bank of Scotland (RBS) cash machine in Edinburgh, Scotland August 7, 2009.    (BRITAIN BUSINESS BANKING)   By Clara Ferreira-Marques
LONDON, Nov 2 (Reuters) – Royal Bank of Scotland said it would be forced to sell more assets than it had expected and axe 3,700 jobs from its retail business as another radical shake-up loomed for Britain’s banks.

Britain to weigh Lloyds plans this weekend – source

October 16, 2009

A pedestrian passes the head office of the Lloyds Banking Group in central London August 5, 2009. REUTERS/Stefan Wermuth (BRITAIN BUSINESS) By Douwe Miedema
LONDON, Oct 16 (Reuters) – Britain’s financial watchdogs will this weekend make up their minds about Lloyds Banking Group’s plans to raise private capital and escape further government control, a source close to the situation said.