The Royal Bank of Scotland (RBS) has announced it is to cut a further 1,400 roles across the country as part of a restructure of its support staff teams.
Concerns raised by ratings agencies, analysts and hedge funds have pushed bank shares lower this morning as the FTSE 100 snaps seven straight days of gains.
State-owned RBS has reported Q1 pre-tax profit of £826m and said its "substantially fixed" balance sheet means it should be ready to return to private hands next year.
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The Financial Conduct Authority (FCA) has given Britain's biggest banks permission to start paying the estimated £2bn-plus compensation owed to small firms that were mis-sold derivatives products.
A quarter of UK bank customers have experienced problems with their account in the past 12 months, according to a survey by consumer group Which?.
An internal review of advised mortgage cases at Royal Bank of Scotland (RBS) showed just two out of 91 customers received mortgage conduct of business (MCOB)-compliant advice.
An internal review of advised mortgage cases at Royal Bank of Scotland showed just two out of 91 customers received MCOB-compliant advice.
Some of the UK's biggest high street banks are failing to give the right advice to customers on transferring and managing their cash Isas, according to the results of a 'mystery shopping' exercise.
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