Actionable news
0
All posts from Actionable news
Actionable news in RBS: THE ROYAL BANK OF SCOTLAND GROUP PLC,

Seven Years in, RBS Restructuring Efforts Drag on

Once the world's largest bank by assets, Royal Bank of Scotland (RBS) is still struggling to simplify, saying on Friday that it will scrap a spinoff of its Williams & Glyn operations.

The news came as RBS said that larger-than-expected litigation and one-off charges pushed it to an above-forecast quarterly and second-half loss. And it warned of further restructuring costs to come between 2016 and 2018.

The Edinburgh bank said difficulties in replicating group back-office systems for the Williams & Glyn operation was part of the reason for its change of heart, along with doubts the...


More