Royal Bank of Scotland Group Plc investors should oppose the firm’s annual report and accounts because the lender may not be valuing its assets correctly, the U.K. Local Authority Pension Fund Forum said.
Mitsubishi UFJ Financial Group Inc. may buy project-finance assets from Royal Bank of Scotland Group Plc as Japan’s largest banks start deploying the $56 billion they’ve raised in share sales in the past two years.
Royal Bank of Scotland Group Plc Chief Executive Officer Ross McEwan moved to reassure employees that there will be “no big announcement” on job cuts when the lender publishes the results of its strategic review next week.
Royal Bank of Scotland Group Plc, Britain’s biggest state-owned lender, reported a wider-than- estimated loss on impairments in Ireland, writing down Greek debt and compensating customers for improperly sold insurance.
Royal Bank of Scotland Group Plc and its National Westminster Bank Plc unit are making available to the U.K. franchise industry 100 million pounds ($161 million) in loans with discounted fees, the Wall Street Journal reported, citing Peter Ibbetson, chairman of small business at RBS and NatWest, in a statement. Linda Harper, media relations manager for RBS Group, declined to comment when contacted out of hours.