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Royal Bank of Scotland Group PLC (RBS)

RBS on New York Consolidated

26 May 2017
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Latest Key Developments (Source: Significant Developments)

Claimants and RBS ask for further adjournment of 2008 rights issue trial
Wednesday, 24 May 2017 05:39am EDT 

May 24 (Reuters) - Royal Bank Of Scotland Group Plc :Both sides in rbs trial over 2008 rights issue ask for adjournment until june 7.Lawyer for claimants in rbs rights issue trial says remains hopeful of reaching settlement.Claimants' lawyer in rbs trial says will update court on thursday on progress of settlement talks.  Full Article

Investors seek another day for settlement talks in RBS lawsuit - claimant lawyer
Tuesday, 23 May 2017 05:40am EDT 

May 23 (Reuters) - Royal Bank Of Scotland Group Plc :U.K. investors seek another day for settlement talks in lawsuit against RBS - claimant lawyer.  Full Article

Claimants request adjournment in RBS case amid settlement talks -source
Monday, 22 May 2017 04:18am EDT 

May 22 (Reuters) - Royal Bank Of Scotland Group Plc :Claimants request adjournment in RBS rights issue case as settlement talks continue -source.  Full Article

RBS names two new board members
Thursday, 11 May 2017 08:46am EDT 

May 11 (Reuters) - Royal Bank Of Scotland :Royal Bank of Scotland group plc announces today that John Hughes and Yasmin Jetha will be appointed as non-executive directors of RBS.  Full Article

RBS says completed pricing of $3 billion senior notes
Thursday, 11 May 2017 05:30am EDT 

May 11 (Reuters) - Royal Bank Of Scotland ::Completed pricing of its $1,500,000,000 aggregate principal amount of floating rate notes due 2023.Completed pricing of its $1,500,000,000 aggregate principal amount of fixed rate to floating rate notes due 2023.Proceeds to rbsg (before expenses and underwriting discounts) of $3,000,000,000 will be used to fund rbsg's general banking business..Offering is scheduled to close on 15 may 2017, subject to satisfaction of customary conditions..  Full Article

UBS, BNP, RBS get subpoenas in U.S. treasuries probe - Bloomberg, citing sources
Monday, 1 May 2017 11:14am EDT 

May 1 (Reuters) - :UBS, BNP, RBS get subpoenas in U.S. treasuries probe - Bloomberg citing sources.  Full Article

RBS says hopes to resolve U.S. mortgage mis-selling case this year
Friday, 28 Apr 2017 07:48am EDT 

April 28 (Reuters) - Royal Bank Of Scotland Group Plc :RBS says on analyst call that change in administration in U.S. means there is lack of counterparty to engage with on mortgage mis-selling talks.RBS says on analyst call that there is no reason to think it won't resolve mortgage mis-selling case with U.S. Justice department by year-end.  Full Article

RBS net interest margin rises to 2.24 pct
Friday, 28 Apr 2017 02:11am EDT 

April 28 (Reuters) - Royal Bank Of Scotland :Net interest margin (nim) of 2.24% for q1 2017 was 9 basis points higher than q1 2016.Litigation and conduct costs of £54 million comprised a number of small charges..Capital resolution adjusted operating loss of £76 million compared with a loss of £377 million in q1 2016.It is our intention to implement a capital reorganisation in 2017 in order to increase distributable reserves of parent company, rbsg plc,.Intend to seek shareholder approval to reduce share premium account by around £25 billion.We anticipate that adjusted operating profit will be lower in q2 2017 compared with q1 2017.RBS reiterates that in connection with its RMBS litigation matters and RMBS investigations taken as a whole, further substantial provisions and costs may be recognised.  Full Article

Britain's FCA sets deadline for new PPI complaints to Aug 29, 2019
Thursday, 2 Mar 2017 02:08am EST 

: Financial Conduct Authority has today confirmed that it will introduce a deadline for making new payment protection insurance (PPI) complaints. . FCA- final deadline for making a new PPI complaint will be 29 August 2019 . FCA has also made final rules and guidance related to how firms should handle complaints in light of supreme court judgment in Plevin v Paragon Personal Finance .FCA says Plevin decision means that consumers may have new grounds to complain about PPI.  Full Article

RBS says not yet in active negotiations with U.S. DoJ on RMBS case
Friday, 24 Feb 2017 02:36am EST 

Royal Bank Of Scotland Group Plc : Rbs CEO says there will be further job losses as bank targets 2 billion stg cost cuts over next 4 years . Rbs CEO says not yet in active negotiations with u.s. Department of justice on rmbs case .Rbs CFO says no earlier than q4 this year to get approval from european commission for new alternative state aid plan.  Full Article

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PRESS DIGEST- British Business - May 25

May 25 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.