RBS

Will challenger banks take Lloyds’ throne?

Royal Bank of Scotland (RBS) has lined up ten bidders for Coutts International as part of a pre-Christmas auction of the business, according to reports.

The amount of profit in UK banks that can be offset by losses carried forward will be limited to 50%, and relief on bad debts will be delayed, the Chancellor has announced.

A businessman who wrote a government report that criticised RBS has been told he can no longer remain a customer of the bank, according to the BBC's Panorama programme.

Italian bank Intesa SanPaolo is reportedly considering a bid for wealth manager Coutts International as part of its UK expansion plans.

After the forex fine

New rules have been announced by the Financial Stability Board (FSB) that propose preventing large banks from being bailed out by the taxpayer.

RBS has reserved £400m for a currency probe as it reported a third successive quarterly profit thanks to reduced costs and strengthening economic conditions.

RBS expects to "significantly outperform" its estimates for dealing with impaired loans in 2014, according to a trading update.

UK investors back challenger banks