Royal Bank Of Scotland

Meera Sanyal, eminent banker who later entered politics and joined the Aam Aadmi Party,passed away at her residence on Friday evening. She was 57, the party said.

The bank was rescued with a 46 billion pound ($58.48 billion) state bailout during the 2007-09 financial crisis.

The UK's largest government-owned bank said it was moving the jobs out of UK

One of the world's oldest banks, Royal Bank of Scotland plans to offshore more jobs to India

Several British banks allegedly processed nearly $740 million in a multi-billion dollar Russian money-laundering scam, The Guardian newspaper reported on Monday.

RBS, which has not made an annual profit since 2007, booked 6.96 billion pounds ($8.74 billion) of losses for 2016, against a 1.98 billion pound loss in the same period a year earlier.

Barclays, Citigroup, Credit Suisse, Deutsche Bank, JP Morgan, Royal Bank of Scotland (RBS), Societe Generale and UBS were hit with fines totalling 99.1 million Swiss francs.

The Reserve Bank imposed penalty on five foreign banks, including Deutsche Bank and Standard Chartered Bank, for violation of its instructions on reporting requirements of the FEMA.

The BoE, revealing its latest stress tests on Britain'stop seven banks, added that two - Barclays and StandardChartered - also missed key hurdles but had taken steps tostrengthen their capital positions.

The resolution comes as RBS prepares to settle a number of U.S. cases where it is accused of mis-selling mortgage-backed bonds and brings the U.S. regulator's recoveries against various banks to $4.3 billion over their sales of such securities before the 2008 financial crisis.

The Royal Bank of Scotland has begun winding down its global shipping finance business, it said on Tuesday, ending efforts to sell it amid a worsening downturn across the freight industry.

Infosys CEO Vishal Sikka on Friday told analysts that the Bengaluru-based IT company is not laying off employees. His comments come at a time when there has been intense speculation about pink slips at Infosys, following Royal Bank of Scotland's decision to cancel a project for which the IT major was a key technology partner.

Banks in Britain are on the verge of a price war to try to revive lending subdued by the Brexit vote and to combat pressures on profitability from ultra-low interest rates, which are likely to stay that way for longer.

Indian shares fell on Tuesday as software services exporters declined after Infosys said Royal Bank of Scotland had cancelled a contract, sparking renewed concerns about the outlook for the sector.

Infosys shares slumped over 3 per cent on Tuesday, following Royal Bank of Scotland's decision to cancel a project to set up a separate bank in the United Kingdom. RBS announced last week that it will not pursue its plan to separate and list a new UK standalone bank, Williams & Glyn (W&G), for which Infosys was a key technology partner.

Meera Sanyal, eminent banker who later entered politics and joined the Aam Aadmi Party,passed away at her residence on Friday evening. She was 57, the party said.

The bank was rescued with a 46 billion pound ($58.48 billion) state bailout during the 2007-09 financial crisis.

The UK's largest government-owned bank said it was moving the jobs out of UK

One of the world's oldest banks, Royal Bank of Scotland plans to offshore more jobs to India

Several British banks allegedly processed nearly $740 million in a multi-billion dollar Russian money-laundering scam, The Guardian newspaper reported on Monday.

RBS, which has not made an annual profit since 2007, booked 6.96 billion pounds ($8.74 billion) of losses for 2016, against a 1.98 billion pound loss in the same period a year earlier.

Barclays, Citigroup, Credit Suisse, Deutsche Bank, JP Morgan, Royal Bank of Scotland (RBS), Societe Generale and UBS were hit with fines totalling 99.1 million Swiss francs.

The Reserve Bank imposed penalty on five foreign banks, including Deutsche Bank and Standard Chartered Bank, for violation of its instructions on reporting requirements of the FEMA.

The BoE, revealing its latest stress tests on Britain'stop seven banks, added that two - Barclays and StandardChartered - also missed key hurdles but had taken steps tostrengthen their capital positions.

The resolution comes as RBS prepares to settle a number of U.S. cases where it is accused of mis-selling mortgage-backed bonds and brings the U.S. regulator's recoveries against various banks to $4.3 billion over their sales of such securities before the 2008 financial crisis.

The Royal Bank of Scotland has begun winding down its global shipping finance business, it said on Tuesday, ending efforts to sell it amid a worsening downturn across the freight industry.

Infosys CEO Vishal Sikka on Friday told analysts that the Bengaluru-based IT company is not laying off employees. His comments come at a time when there has been intense speculation about pink slips at Infosys, following Royal Bank of Scotland's decision to cancel a project for which the IT major was a key technology partner.

Banks in Britain are on the verge of a price war to try to revive lending subdued by the Brexit vote and to combat pressures on profitability from ultra-low interest rates, which are likely to stay that way for longer.

Indian shares fell on Tuesday as software services exporters declined after Infosys said Royal Bank of Scotland had cancelled a contract, sparking renewed concerns about the outlook for the sector.

Infosys shares slumped over 3 per cent on Tuesday, following Royal Bank of Scotland's decision to cancel a project to set up a separate bank in the United Kingdom. RBS announced last week that it will not pursue its plan to separate and list a new UK standalone bank, Williams & Glyn (W&G), for which Infosys was a key technology partner.