By Steve SlaterLONDON (Reuters UK) - The government on Friday acquired a majority stake in one of the country's biggest banks and Germany's Commerzbank accelerated its takeover of a onetime rival as the shake-up of European banks gathered pace with help from taxpayers and shareholders.Britain's move was the latest attempt...
LONDON (Reuters UK) - Lloyds TSB Group's LLOY integration of HBOS HBOS will be overseen by Mark Fisher, after the bank on Tuesday poached the integration specialist from Royal Bank of Scotland RBS.Lloyds appointed Fisher as director of group IT & operations and a member of the group executive committee...
LONDON (Reuters UK) - Royal Bank of Scotland is considering cutting 3,000 jobs in its investment banking arm, a person familiar with the matter said on Friday.An RBS spokeswoman said in a statement: "We are constantly reviewing our business model to ensure that we are aligned to market conditions and...
LONDON (Reuters UK) - Royal Bank of Scotland RBS on Monday said it wouldn't repossess the homes of mortgage customers who default until six months after they first fall into arrears.RBS, owner of NatWest bank, said the move was designed to give overstretched borrowers a chance to overcome their financial...
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