Nov 2nd, 2009 - Bloomberg
Nov. 2 (Bloomberg) -- Royal Bank of Scotland Group Plc, thebiggest bank owned by the government, will eliminate 3,700 jobsat its U.K. branches, bringing to almost 20,000 the number ofposts cut since Stephen Hester joined as Chief Executive Officer.
The bank will make the reductions in administrative rolesin the consumer banking division over the next two years, RBSspokeswoman Jayne Goodwins-Miller by telephone today. The unitemploys about 25,700 people, and compulsory redundancies will bea “last resort,” she added.
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RBS won't have to sell Citizens
Nov 3rd, 2009 - Boston
Citizens Financial Group will remain part of the Royal Bank of Scotland Group, the troubled UK bank announced today, after intense negotiations with financial regulators that resulted in a fresh capital injection and the forced sale of some assets.
A tale of two banks at RBS and Lloyds
Nov 3rd, 2009 - guardian.co.uk
Royal Bank of Scotland's shares down almost 20% in two days; Lloyds's shares an oasis of tranquillity. Those market reactions tell the story of the banking bailout part 3, or part 2(b) as the government would probably prefer...Citizens Financial Group CEO says it won't be sold
Nov 3rd, 2009 - Boston
PROVIDENCE, R.I.—The head of Rhode Island-based Citizens Financial Group says it won't be sold by its parent company, the Royal Bank of Scotland, as a condition of the British government pouring billions of dollars into the firm.
Britain's Lloyds bank to raise $34 billion
Nov 3rd, 2009 - Forbes
Britain pressed ahead Tuesday with a fresh wave of restructuring in its crisis-ravaged banking system, as Lloyds Banking Group PLC sought at least 21 billion pounds ($34.
HEARD ON THE STREET: Lloyds And RBS Suffer Different Fates
Nov 3rd, 2009 - Wall Street Journal
Who ever said life is fair? Eric Daniels drove Lloyds Banking Group into a brick wall last year but his reward is a sweet deal agreed with the UK government and European Union that gives him and his bank the chance of a fresh start...
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