Royal Bank of Scotland

397 results about this entity

Period: 23 Oct 2006 - 13 Apr 2023

RBS tech upgrade to cost 500 wealth management jobs

The Royal Bank of Scotland is cutting around 500 back office jobs at its wealth management division as the introduction of new technology streamlines business processes.

RBS loses £93,000 in simple cash deposit scam

A businessman conned the Royal Bank of Scotland out of £93,000 in a ludicrously simple scam that exploited the bank's cash envelope deposit system.

American Express enters RBS WorldPay fray

American Express has teamed up with UK private equity firm Permira to join the battle for the Royal Bank of Scotland's WorldPay payment processing business, according to the Financial Times.

RBS to shed 2600 jobs; 500 roles to be shipped offshore

The Royal Bank of Scotland is to cut a further 2600 jobs from its UK insurance and retail banking arms, bringing the total number of job losses at the Edinburgh-based bank to 22,600 since the onset of the financial crisis.

Moneris emerges as WorldPay frontrunner

A five-strong shortlist of bidders, which includes surprise package Moneris, has emerged for the Royal Bank of Scotland's WorldPay payment processing business, according to Reuters.

Voice Commerce out of WorldPay running as field narrows

Royal Bank of Scotland has narrowed down the list of potential buyers for its WorldPay payment processing business, with Voice Commerce Group among those now out of the running.

RBS inundated with WorldPay offers

Royal Bank of Scotland has received over a dozen bids for its Global Merchant Services business, which includes WorldPay, with private equity groups, payment processors and IT vendors all in the frame.

RBS receives offers for branch network as Worldpay bid deadline looms

Virgin Money and Santander are among five firms to have put in bids for the 318-strong Williams & Glyn's branch network owned by Royal Bank of Scotland, while Nick Ogden, founder of the WorldPay payment processing business, has submitted his offer to buy the unit back from RBS ahead of today's deadline.

Russia arrests RBS WorldPay ATM heist suspect

Russian authorities have arrested the alleged mastermind behind the 2008 cyber-attack on RBS WorldPay's computer network, which lead to the theft of over $9 million, according to the Financial Times.

LSE retail bond trading platform goes live

The London Stock Exchange's electronic retail bond trading service has gone live, opening up the market to private investors.

RBS cuts over 200 Irish IT jobs; Lloyds axes another 585 roles

RBS, owner of Ulster Bank, is cutting 221 technology jobs in Dublin and Belfast. Meanwhile, Lloyds Banking Group says it is closing its Black Horse personal loan centres and axing 585 roles.

Voice Commerce recruits RBS WorldPay's Tim Reynolds as CTO

Voice Commerce, a UK-based biometric payment verification vendor, has recruited RBS WorldPay executive Tim Reynolds as chief technology officer as it looks to capitalise on its recently achieved payment institution status.