The Royal Bank of Scotland is the bank worst prepared for a major UK housing crash, stress tests by the Bank of England (BoE) have found.
Five of the world’s biggest banks face fines totalling $5.7bn (£3.6bn) for manipulating foreign exchange markets for four years between 2008 and 2012.
Royal Bank of Scotland has confirmed that it will relocate its registered business headquarters from Edinburgh to London in the event that the Scottish public vote for independence next week.
Royal Bank of Scotland has said that it will not split the company into ‘good’ and ‘bad’ banks, but instead ring fence a ‘bad bank’ of bad assets internally.
The Parliamentary Commission on Banking Standards has produced its long-awaited report on the financial sector, which attacks the lack of accountability of bankers for their actions and said bonuses should be deferred for ten years to prove success.