rbs

A year after the Federal Reserve enacted new rules to rein in abusive bank overdraft practices, fees remain high and some institutions actually have slapped on additional penalties, according to a new survey by the Consumer Federation of America.

British banks may require further taxpayer funds, with borrowing needs potentially hitting £25 billion pounds ($39.5 billion) a month, according to a think-tank. The independent New Economics Foundation said that central bank data indicated the banks are facing major funding problems,...

Rabble-rousing musician Billy Bragg is urging U.K. citizens to withhold their taxes unless the government stops the Royal Bank of Scotland from awarding $2.4 billion in bonuses to its bankers. After a bailout, RBS is now government owned.

JP Morgan (JPM), RBS (RBS), Credit Suisse (CS) and several other large firms with financial research arms have put out educated guesses as to which banks are most exposed to Dubai debt. Coming up with these numbers has turned out to be an inexact science. And, Dubai may make good on its payments,...

Bank of England Governor Mervyn King won the fight in Britain to break up the banks that were "too big to fail." Now the big question is: Will Paul Volcker (pictured) get the Obama administration to follow suit? King got a lot of help from European regulators, who called for more and smaller banks...

Compared to the frenzied deal-making pace of 2006 and 2007, mergers and acquisitions have slowed significantly this year. It's not surprising: In tough times, companies are less certain about their strategic direction and less likely to get the credit they need to follow through on an acquisition....

Think taxpayers are angry at Wall Street? People in the U.K. may be angrier. Vandals attacked the Edinburgh home of Sir Fred Goodwin, who built the Royal Bank of Scotland (RBS) into the fifth-largest bank by market capitalization, only to watch it evaporate as the government was forced to bail it...

Citigroup (C) shares are in a free fall in pre-market, diving about 45% after the U.S. government did a deal to convert $25 billion of its preferred stock in the beleaguered bank to common stock, giving it a stake of up to 36 percent in the bank. Other banks are dropping on Citi news: Bank of...

The U.S. may have started to "stress test" U.S. banks, but results from Royal Bank of Scotland (RBS) show that the catastrophe in bank earnings may be growing. The British bank lost $34 billion on huge write-downs The firm is now 70% owned by the UK government. The news means that, no matter what...

U.S. stock futures pointed to a strong start Monday morning as reports the U.S. government could increase its stake in Citigroup and After NABE released a survey projecting a modest pickup in the second half of 2009, followed by a solid recovery in 2010. Before the bell: Stocks to start higher on...