Stephen Hester, the outgoing chief executive of Royal Bank of Scotland (RBS), has warned the bank will not become privatised overnight, and a potential sale could be a decade away.
Bookmakers have already set odds on who will replace Stephen Hester at the helm of RBS, following his shock resignation announcement yesterday.
The Royal Bank of Scotland (RBS) is set to announce 2,000 job cuts on Thursday, after it emerged chief executive Stephen Hester is to step down, according to reports.
RBS CEO Stephen Hester is to step down from the bank later this year as it "begins to prepare for privatisation".
The Royal Bank of Scotland (RBS) should be converted so that it resembles a Canadian bank, a document created by a hedge fund boss and unwittingly shown to the press has proposed.
Morningstar's Erin Davis discusses investors' options when the time comes for the UK government to sell its stakes in the banking sector.
Jon Pain, a former managing director and one-time interim chief executive of the Financial Services Authority (FSA), is to join state-owned Royal Bank of Scotland (RBS).
George Osborne has started the sale process of the taxpayer stake in Royal Bank of Scotland (RBS) and Lloyds, within hours of both banks getting approval from regulators over their capital strength.
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.