News Source: Independent
| about 1 month ago
Ulster Bank chief executive Cormac McCarthy said yesterday that half the 1,000 people targeted by a redundancy programme this year have already left the bank, as it unveiled an £85m (€97m) operating loss for the third quarter.
News Source: The independent
| about 1 month ago
Royal Bank of Scotland yesterday said bad debts were "bottoming out" but the bank expects to continue losing money into next year. The bank, releasing its third-quarter results, is also likely to miss targets agreed with the Government for lending...
News Source: The independent
| about 1 month ago
Many people have their own names for bonus-grabbing bankers – mostly unprintable – but Stephen Hester, chief executive of Royal Bank of Scotland (84 per cent owned by the taxpayer) uses a different term. He and his colleagues are now "stewards of...
News Source: The Scotsman
| about 1 month ago
ON THE face of it there isn't much to cheer in Royal Bank of Scotland's third-quarter figures. Another enormous losses, more impairments, further warnings of job losses … the crisis just seems never-ending. Yet when Stephen Hester, its chief...
News Source: The Scotsman
| about 1 month ago
Hester, chief executive of Royal Bank of Scotland, took the first tentative steps to putting it on a firmer footing yesterday as a £1.5 billion potential bid emerged for one of its US businesses. Hester's plan for rebuilding RBS into a "vibrant and...
News Source: Times Online
| about 1 month ago
Operating losses during the quarter fell to £1.52 billion, down from £3.53 billion in April to June, as bad debts hit £3.27 billion — down from £4.66 billion in the previous quarter. Stephen Hester, chief executive, said that the improvement in...