Matt Scuffham

As Britons embrace digital banking, more branches face the chop

August 25, 2021 at 6:15 a.m.

LONDON (Reuters) - Britons are using internet and mobile banking for transactions worth nearly 1 billion pounds ($1.7 billion) a day and branch use is falling sharply, according to the...

UK banks pay only one fifth of swaps mis-selling funds

December 23, 2018 at 11:44 p.m.

LONDON (Reuters) - Britain's biggest banks have so far paid out only a fifth of the funds they set aside to recompense small businesses mis-sold interest-rate hedging products, a month...

UK banks pay only one fifth of swaps mis-selling funds

November 4, 2021 at 1:44 a.m.

LONDON (Reuters) - Britain's biggest banks have so far paid out only a fifth of the funds they set aside to recompense small businesses mis-sold interest-rate hedging products, a month...

RBS scraps bonus plan after UK government intervenes

August 25, 2021 at 4:21 a.m.

LONDON (Reuters) - Part-nationalized Royal Bank of Scotland has scrapped plans to seek permission to pay staff bonuses worth double their fixed pay after the government said it would oppose...

Top executive exit throws Co-op’s future into fresh doubt

August 25, 2021 at 3:53 a.m.

LONDON (Reuters) - A former government minister appointed only four months ago to revive Britain's Co-operative Group quit on Thursday, becoming the second experienced executive to walk away and throwing...

RBS to pay $2.5 billion to end UK government’s dividend priority

November 4, 2021 at 1:38 a.m.

LONDON (Reuters) - Royal Bank of Scotland has agreed to pay 1.5 billion pounds ($2.5 billion) to cancel an arrangement that gives the government priority over dividends, clearing an obstacle...

RBS to pay $2.5 billion to end UK government’s dividend priority

December 23, 2018 at 11:23 p.m.

LONDON (Reuters) - Royal Bank of Scotland has agreed to pay 1.5 billion pounds ($2.5 billion) to cancel an arrangement that gives the government priority over dividends, clearing an obstacle...

UK’s RBS poaches new finance chief from Credit Suisse

August 25, 2021 at 3:42 a.m.

LONDON (Reuters) - Royal Bank of Scotland has poached Credit Suisse's Ewen Stevenson for its new finance director, to help restore the health of the part-nationalized bank which lost 8.2...

UK to sell Lloyds Bank shares worth $6.9 billion

November 4, 2021 at 1:31 a.m.

LONDON (Reuters) - Britain will sell a further 7.5 percent stake in Lloyds Banking Group , worth about 4.2 billion pounds ($6.9 billion), via a placing to institutional investors, UK...

RBS in contact with Sumitomo over Citizens sale: sources

November 4, 2021 at 1:31 a.m.

LONDON/TOKYO (Reuters) - Royal Bank of Scotland has had contact regarding the possible sale of its U.S. retail business Citizens with Sumitomo Mitsui Financial Group , while Mitsubishi UFJ Financial...

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