from Breakingviews:

UK banks have much to fear from latest probe

July 18, 2014

By Chris Hughes

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from The Great Debate UK:

Don’t cry for me RBS

June 14, 2013

"Don't cry for me, RBS" could certainly be the lament being sung by Stephen Hester, outgoing CEO of bailed out Royal Bank of Scotland, after the shock announcement that he will have left the bank by the end of this year. CEOs of banks come and go; however, the government stake in RBS makes this CEO particularly important.
There are two things that make Hester’s departure fascinating: firstly, the fact that the RBS board along with the Treasury have concentrated on how a new leader is needed to privatise the bank. Secondly, the fact that Hester doesn’t seem to want to go.

from The Great Debate UK:

Do you want shares in RBS and Lloyds?

June 9, 2013

By Matt Scuffham, UK Banking Correspondent.

The government should hand most of its shares in Royal Bank of Scotland and Lloyds Banking Group to the public, an influential political think tank says, in what would be the country's biggest privatisation.

from The Great Debate UK:

How will the privatisation of RBS and Lloyds affect gilt supply?

By Guest Contributor
June 4, 2013

--Sam Hill is UK Fixed Income Strategist at RBC Capital Markets. The opinions expressed are his own.--

from DealZone:

Virgin acquires banking licence

January 8, 2010

Sir Richard Branson boosted his attempt to become a leading player in the UK banking sector by agreeing to buy Church House Trust, a small regional private lender. The deal effectively gives Virgin Money a banking licence, allowing it to offer a full range of products to consumers, since the proposed purchase has already been approved by the Financial Services Authority (FSA).

from Commentaries:

Why is RBS’s boss selling its shares?

August 11, 2009

Controversy and running RBS go hand in hand. Stephen Hester replaced Fred Goodwin as chief executive of RBS and is now in hot water himself over his incentive pay deal. The chief executive of the state-controlled bank could be paid 9.6 million pounds over three years if the share price (currently 44p) reaches 70p. However, he seems to have so little faith in the shares reaching that level that he has offloaded 1,264,565 shares since last November at prices between 28.5p and 48p, yielding just over 464,000 pounds.

from Commentaries:

Will Murray success at Wimbledon be RBS’s best return?

July 1, 2009

Royal Bank of Scotland is not best known for backing winners.

andy-murray2

So the Scottish bank must be savouring Andy Murray's run at the Wimbledon tennis tournament.

Is RBS chief Stephen Hester worth £9.6m?

June 22, 2009

As chief executive for a company that is 70 percent owned by the government, a 9.6 million pounds pay package is quite a tidy sum.

Sir Fred Goodwin’s pension climbdown

June 18, 2009

Former Royal Bank of Scotland chief Sir Fred Goodwin has agreed to more than halve his widely criticised 703,000-pound pension award.

from The Great Debate UK:

Barclays’ conjuring trick

March 30, 2009

-- Margaret Doyle is a Reuters columnist. The opinions expressed are her own --

REUTERSAbracadabra! Yet again, Barclays has pulled another rabbit out of its hat. With just days to go before the end-March deadline for the bank to apply for a government guarantee of its dodgier loans, it may again wriggle out of state control.