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: -London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320

Stock News for Royal Bank of Scotland Grp. (RBS)
10/14/201601:30:00China Factory-Gate Prices Snap Multiyear Negative Streak
10/07/201611:30:00U.K. Government to Restart Lloyds Bank Share Sale
10/07/201610:30:00U.K. Government to Restart Sale of Its Lloyds Banking Group Stake...
10/06/201610:09:00Stocks Down Slightly Ahead of Data
10/06/201609:04:00Stocks Down Slightly Ahead of Data -- Update
10/06/201606:05:00Global Stocks Flat as Investors Await Job Report--Update
10/04/201603:36:00Plutus PowerGen Secures GBP3 Million Loan
10/03/201613:30:00RBS to Pay $120 Million to Settle Connecticut Probe
10/03/201613:19:00RBS to Pay $120 Million to Settle Connecticut Probe Tied to Mortgage...
09/30/201602:59:00RBS Introducing New Intermediate Holding Company for Ring-Fenced...
09/28/201607:00:00U.K. Faces Reckoning Over RBS Bailout
09/28/201606:45:00U.K. Faces Reckoning Over RBS Bailout
09/28/201604:20:00RBS Pays $1.1 Billion to Settle Lawsuits in U.S.
09/28/201603:39:00RBS Pays $1.1 Billion to Settle Mortgage-Backed Securities Lawsuits...
09/28/201603:03:00RBS Pays $1.1 Billion to Settle Lawsuits in U.S.
09/27/201613:30:00Global Container Volume on Track for Worst Year Since 2009
09/27/201604:16:00Bluefield Solar Income Fund Gets Long-Term, Short-Term Loans...
09/22/201612:06:00Securities Trust of Scotland Gets GBP25 million Loan from Royal...
09/16/201617:33:00ADRs End Lower; Banks, Oil Firms Slide
09/08/201602:41:00Royal Bank of Scotland Prices $2.65 Billion Senior Notes

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 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations