ADVFN - Advanced Financial Network.
HOME» NYSE » R » RBS Stock Price » RBS Stock News

Royal Bank of Scotland Grp. Share News

 Royal Bank of Scotland Grp. Stock Price
RBS Stock Price
 Royal Bank of Scotland Grp. Stock Chart
RBS Stock Chart
 Royal Bank of Scotland Grp. Stock News
RBS Stock News
 Royal Bank of Scotland Grp. Company Information
RBS Company Information
 Royal Bank of Scotland Grp. Stock Trades
RBS Stock Trades

RBS Chairman Says Customers Will Pay For Ring-Fencing - Report

LONDON -(Dow Jones)- Royal Bank of Scotland Group PLC (RBS.LN) Chairman Philip Hampton said that plans to ring-fence its retail operations from the more risky investment banking arm could be "expensive" and said the bank will pass on costs to business and household customers, according to an interview in the Sunday Telegraph newspaper. In the interview Hampton said the U.K. government's plans to force all banks to separate their retail operations from "casino" investment banking activities would pile more costs on to the entire system which "somebody had to pay for." In last week's Queen's Speech, the Government confirmed it intends to introduce the Banking Reform Bill, drawing on the work of the Independent Commission on Banking, which called for the separation of retail from investment banking operations. "What the banks want to make sure of is that it's not introduced in a way that is too expensive, because if it's expensive then either taxpayers will suffer in our case, or customers will suffer, because we'll have to eventually deal with our costs and reclaim some of our costs from customers," he is quoted as saying. Hampton said ring-fencing could end up increasing the squeeze on consumers and cash-strapped businesses as banks worked out how to recoup costs, the paper reports. He also said RBS would have to "get more efficient as well", raising the possibility of more job losses at the 82%-state-owned bank, the paper says. Newspaper website: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9262281/RBS-boss-customers-will-have-to-pay-for-ring-fencing.html -London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320

Stock News for Royal Bank of Scotland Grp. (RBS)
DateTimeHeadline
07/18/201418:59:07EUROPE MARKETS: European Stocks Slip; Shire Leads FTSE Gains
07/18/201418:50:41EUROPE MARKETS: European Stocks Fall; RBS, Volvo Among Decliners
07/18/201406:57:07U.K. to Probe Retail Banking Sector
07/17/201420:02:33RBS Winding Down a Distressed-Debt Unit -Bloomberg
06/24/201412:40:22Fed Gives Banks Extra Time on Capital Plans
06/24/201412:00:06Correction to Fed Gives Four Banks Time to Resubmit Capital Plans...
06/24/201411:38:54Fed Gives Four Banks Six Extra Months to Resubmit Capital Plans
06/23/201412:33:15LONDON MARKETS: U.K. Housing Stocks Sag On Mortgage Concerns
06/23/201409:06:50LONDON MARKETS: U.K. Housing Stocks Sag On Mortgage-rule Concerns
06/22/201416:44:41Documents Said to Tie Former RBS Unit to bin Laden Family Members
05/28/201412:37:12EUROPE MARKETS: European Stocks Tilt Lower; Glaxo Falls On Probe...
05/27/201415:02:12RBS to Cut Hundreds of U.S. Jobs -- Update
05/16/201412:44:19European Markets Halt Slide -- Update
05/12/201422:20:33Citizens Financial Group Files IPO
05/09/201407:35:04Correction to Nickel Markets Story
05/08/201412:28:36LONDON MARKETS: Barclays Leads U.K. Stocks To First Gain In Three...
05/08/201407:37:09LONDON MARKETS: Barclays Leads U.K. Stocks Higher; BOE In Focus
05/02/201417:07:10ADR Shares End Mostly Higher; InterContinental Hotels, RBS Shares...
05/02/201417:06:12MARKET SNAPSHOT: U.S. Stocks Fall, Trim Weekly Gains
05/02/201413:34:06LONDON MARKETS: RBS Rally Pulls FTSE 100 Higher

Royal Bank of Scotland Grp. and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad