Goldman Sachs to advise on RBS and Lloyds sell-off

Goldman Sachs is to play a key role in selling off the taxpayer stakes in Royal Bank of Scotland and Lloyds Banking Group.

Republicans use 'death by a thousand cuts' strategy to deregulate Wall Street

For the second time in two weeks, House Republicans brought up a package of 11 bills designed to deregulate Wall Street and water down Dodd-Frank financial reforms. This time, they had the votes to pass it.

Scottish independence: Cable says RBS would have to move to London

Royal Bank of Scotland's future as an Edinburgh-based bank was thrown into doubt after Vince Cable said it was inevitable the bailed-out bank would relocate to London in the wake of a vote for an independent Scotland.

UK's George Osborne says actively considering RBS 'bad bank': Report

LONDON: British finance minister George Osborne said his ministry was actively looking at breaking up the state-backed Royal Bank of Scotland to create a "bad bank" to house its problem loans, the Daily Telegraph newspaper reported on Friday.

David Cameron hints at time frame for RBS sell-off

David Cameron has pressed Royal Bank of Scotland executives to "accelerate" preparations towards allowing a sell-off of the state-owned bank, possibly before the next general election in 2015.

RBS to pay £400m dividend to preference share holders

RBS is working on plans to “turn the tap back on” for a £350m-£400m dividend payment to preference shareholders as the bank addresses a clutch of hurdles in its quest to privatise the Government’s 82pc stake.