RBS warns of risks of foreign exchange inquiry and Scottish independence

Royal Bank of Scotland has warned that the ongoing investigation into potential manipulation of the foreign exchange markets could hit profits.

Cyprus Immunity Shows Libor Still Broken Rate: U.K. Credit

Libor ignored the crisis in Cyprus that’s roiling financial markets, showing the global benchmark for $300 trillion of securities remains divorced from reality six months after regulators laid out a plan to fix it.

Taxpayers' £66bn in RBS and Lloyds at risk, say MPs

The £66bn of taxpayer funds used to buy shares in Royal Bank of Scotland and Lloyds Banking Group at the height of the financial crisis may never be recovered, a powerful group of MPs warned on Friday.

With Banks Skittish, Europe's Private Equity Firms Look Elsewhere

LONDON - As the sovereign debt crisis has slammed Europe, Cinven has had to get creative to finance buyouts.

Bond Traders in Europe Deal in High Expectations, and Fear

LONDON — James Konrad, a bookish 27-year-old with a polite manner, used to make a living at a sports betting company, weighing the odds of muddy terrain affecting the sure-footedness of racehorses.

Bank of England warns UK banks need more capital

Britain's banks do not have enough capital to withstand an escalation in the eurozone crisis, the Bank of England has warned.

RBS job cuts described as 'brutal'

Union leaders attacked the Royal Bank of Scotland on Tuesday for announcing "brutal" cuts of 600 jobs from its financial planning service. Unite said the cuts represented a 50% reduction in the department across the country.

European banking stocks fall despite Greek vote result

European banking stocks have fallen sharply despite the victory of pro-bailout parties in Greece's elections on Sunday.

Former RBS trader Tan Chi Min claims hedge fund asked UK bank to change Libor

One of Europe's largest hedge funds is alleged to have asked Royal Bank of Scotland to alter the London interbank borrowing rate (Libor) five years ago, according to a court filing by a former trader at the lender.