Company Overview of The Royal Bank Of Scotland plc
The Royal Bank Of Scotland plc provides various banking and financial products and services to personal, commercial, and corporate and institutional customers in the United Kingdom, the United States, Europe, and internationally. The company offers savings and current accounts, currency accounts, and other third party deposit accounts; loans that include fixed and variable rate, LIBOR, and currency loans, as well as structured finance, overdraft, agricultural lending, enterprise finance guarantee, and finance services. It also provides credit and debit cards; mortgages; insurance products, including home, life, car, private, and business insurance; various investment services; international ...
PO Box 1000
Edinburgh, EH12 1HQ
Founded in 1984
Key Executives for The Royal Bank Of Scotland plc
Group Chief Executive Officer and Executive Director
Chairman of Rbs Group In China and Chief Executive Officer of Rbs Group In China
Global Head of Corporate Finance and Head of Global Banking - Asia Pacific
Chairman of Small Business Banking
Managing Director of FX Sales
Compensation as of Fiscal Year 2014.
The Royal Bank Of Scotland plc Key Developments
The Royal Bank of Scotland plc Announces Consolidated Final Earnings Results for the Year Ended December 31, 2014
Mar 26 15
The Royal Bank Of Scotland plc announced consolidated final earnings results for the year ended December 31, 2014. For the year, the company's net interest income was £8,866 million compared with £8,630 million a year ago. Total income was £14,618 million compared with £16,755 million a year ago. Profit before taxes was £1,066 million compared with £770 million a year ago. Operating profit before tax was £2,403 million compared with £7,367 million a year ago. The significant improvement reflects net impairment releases of £1,337 million, compared with impairment losses of £8,137 million in 2013 and lower charges for litigation, conduct and redress costs of £2,202 million. This was partially offset by a decline in income from trading activities. Loss for the year was £3,116 million compared with £7,264 million a year ago. Loss attributable to ordinary shareholders was £3,234 million compared with £7,309 million a year ago. Net cash flows from operating activities were £14,420 million compared with £20,965 million a year ago.
Financial Conduct Authority Imposes Fines on Citibank N.A., HSBC Bank Plc, JPMorgan Chase Bank N.A., The Royal Bank of Scotland Plc and UBS AG
Nov 12 14
The Financial Conduct Authority (FCA) has imposed fines totaling £1,114,918,000 ($1.7 billion) on five banks for failing to control business practices in their G10 spot foreign exchange (FX) trading operations: Citibank N.A. £225,575,000 ($358 million), HSBC Bank Plc £216,363,000 ($343 million), JPMorgan Chase Bank N.A. £222,166,000 ($352 million), The Royal Bank of Scotland Plc £217,000,000 ($344 million) and UBS AG £233,814,000 ($371 million). In relation to Barclays Bank Plc, FCA will progress investigation into that firm which will cover its G10 spot FX trading business and also wider FX business areas. In addition to taking enforcement action against and investigating the six firms where it found the worst misconduct, FCA is launching an industry-wide remediation programme to ensure firms address the root causes of these failings and drive up standards across the market.
RBS Retains Ulster Bank
Oct 31 14
The Royal Bank Of Scotland plc (RBS) confirms it will retain Ulster Bank following completion of the strategic review. RBS said, "Ulster Bank remains a core part of RBS, offering a good strategic fit with our focused retail and commercial banking strategy. We have a good market position and believe that Ulster Bank can deliver attractive returns, with appropriate investment."
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