Royal Bank of Scotland Group Plc has lost at least six senior debt traders and salesmen in the past month to rival firms as the British lender shrinks its investment bank and faces political pressure to reduce bonuses.
Shadow Financial Secretary to the U.K. Treasury, Chris Leslie, called for U.K. Trade Minister Stephen Green to publicly answer questions about his time as chief executive officer and chairman of HSBC Holdings Plc.
Royal Bank of Scotland Group Plc posted the biggest full-year loss since its bailout in 2008 as Chief Executive Officer Ross McEwan outlined plans to return what he called the industry’s least-trusted lender to profit.
On a cold, clear January morning, Sir Richard Branson finds himself standing in the middle of a pedestrian-friendly street in Newcastle -- a hardscrabble city in northeast England -- becoming something he never thought he would be: a banker.
Royal Bank of Scotland Group Plc’s decision to award employees 576 million pounds ($957 million) of bonuses after its largest loss since its bailout risks derailing Chief Executive Officer Ross McEwan’s bid to mend its reputation.
Chancellor of the Exchequer George Osborne should reject any attempt by Royal Bank of Scotland Group Plc to award bankers bonuses of twice their annual salary, according to the main opposition Labour Party.
Chancellor of the Exchequer George Osborne said he wants to see Britain’s minimum wage rise by more than inflation, as the government seeks to spread the benefits of an improving economy and rebuild support before next year’s election.