The bank has reportedly upped its settlement offer as it attempts to stave off a costly legal battle.Read the full story ›
The positive results come after Chancellor Philip Hammond admitted the government is prepared to sell its stake at a loss to the taxpayer.Read the full story ›
Hundreds of jobs are under threat as 30 RBS and 128 NatWest branches are set to close due to a "dramatic shift" in the way customers bank.Read the full story ›
The bank, which is majority owned by the taxpayer, has recorded its ninth consecutive year in the red.Read the full story ›
RBS has set aside another 3.8 billion US dollars for expected fines from US authorities over allegations that it mis-sold risky mortgages.Read the full story ›
Mark Carney, the Governor of the Bank of England, has warned that growing levels of household debt are a threat to the economy.
People are borrowing more for the first time since the financial crisis of 2007 and credit card debt is rising.
According to the Bank's latest figures, household debt now stands at 133% of income, ITV News Business Editor Joel Hills reports.
The bank said the fund would be used to pay an "automatic refund of complex fees" paid by the firms between 2008 and 2013.Read the full story ›
Royal Bank of Scotland (RBS) made a £469 million loss in the third quarter and confirmed that it will miss a 2017 deadline to sell off its Williams & Glyn branch network.
The figure compares with a profit of £940 million in the same period last year, when the bank's balance sheet was boosted by the sale of US bank Citizens.
The lender, which is still 73% owned by the government, said that despite "positive discussions" with interested parties on the sale of Williams & Glyn, it will miss its 2017 deadline.
RBS must offload the Williams & Glyn branches by the end of next year as part of EU conditions linked to its £45 billion bailout at the height of the financial crisis.
The bank was also hit by £425 million in conduct and litigation charges, largely linked to the sale of mortgage-backed securities in the US and £469 million in restructuring costs.
Ross McEwan's comments come after the Bank of England cut its interest rate to a record low of 0.25%.Read the full story ›