Royal Bank of Scotland Sets Aside Another £3bn For US Fines

LONDON (AP) — Taxpayer-owned Royal Bank of Scotland says it has set aside an additional $3.8 billion to cover fines and litigation costs related to its sale of bonds backed by U.S. subprime mortgages before the global financial crisis.

Royal Bank of Scotland

Royal Bank of Scotland Goes Green; Shares Dive

Every year since 2008 when it was bailed out by the UK taxpayer, the Royal Bank of Scotland (RBS) has been losing money. Now – thanks to the Guardian‘s Chief Enviro Loon, the Hon. Damian Carrington – we have an

Royal Bank of Scotland

Bitcoin Crushes Bank Fees in Emerging Economies

New evidence is emerging that virtual currencies and distributed ledgers, like bitcoin, are gaining strength in emerging economies by cutting out huge fees charged by local banks and financial institutions.

Bitcoin (Rick Bowmer / AP)

Royal Bank of Scotland: ‘Sell Everything!’

The usually reserved Royal Bank of Scotland (RBS) just told its clients that with emerging market trade as measured by the cost of ocean shipping plunging since August by 67 percent, 2016 will be a “cataclysmic year” and investors should “sell everything.”