Royal Bank of Scotland

397 results about this entity

Period: 23 Oct 2006 - 13 Apr 2023

Santander blames IT integration issues for RBS branch network deal collapse

Spanish banking giant Santander has pulled out of its deal to buy 316 UK branches from the Royal Bank of Scotland (RBS), blaming IT integration costs and complications.

RBS and NatWest begin iPhone NFC case trial

RBS and NatWest have begun a contactless payments trial, giving 1000 customers NFC-enabled iPhone cases ahead of a wider roll out.

Fintech start-ups urged to pitch for London innovation programme

Financial technology entrepreneurs are being asked to pitch their ideas for a London-based programme that will see them get assistance and advice from executives at major banks and venture capital companies.

RBS confirms Direct Line IPO

The Royal Bank of Scotland has confirmed plans to offload its Direct Line insurance business in an initial public offering that analysts suggest could be worth £3 billion.

In wake of RBS meltdown, MPs warn banks on IT systems

This summer's IT meltdown at RBS damaged public confidence in Britain's banks, which should all now be checking their systems to make sure that such a failure cannot be repeated, says Treasury Committee chairman Andrew Tyrie MP.

Credit Suisse shifts back office jobs from Singapore to India and Poland

Credit Suisse is shifting dozens of back office jobs from Singapore to India and Poland in a bid to cut costs, according to the Financial Times.

Ulster Bank offers IT meltdown victims £20 compensation

Ulster Bank is offering the hundreds of thousands of current account holders hit by its IT outage earlier this year £20 in compensation each.

MPs call on Lloyds and RBS to scrap ATM access limits

MPs have called on Lloyds TSB and Royal Bank of Scotland to remove their restrictions on customers with basic accounts using rivals' cash machines.

RBS sets aside £125m to cover IT meltdown costs

The Royal Bank of Scotland has set aside £125 million to cover costs resulting from the technology failure that hit RBS, NatWest and Ulster Bank customers in June.

Ulster Bank expects crash compensation to run into 'tens of millions'

Ulster Bank is to set aside "ten of millions" of euros to compensate customers for an IT breakdown at parent company Royal Bank of Scotland that resulted in a massive backlog of failed payments into user accounts.

In wake of RBS and Barclays outrage, Nationwide reports surge in new customers

With the RBS systems outage and Barclays Libor scandal fuelling public anger with Britain's big banks, Nationwide Building Society claims to have seen a surge in the number of people opening new accounts.

RBS chief Hester waives bonus over IT meltdown

Royal Bank of Scotland chief executive Stephen Hester says he will not take a bonus this year in the wake of last week's disastrous IT problems.