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Founded in 1727, Royal Bank of Scotland had been a small bank until it took control of NatWest eight years ago
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Goodwin fights for career as RBS resorts to record-breaking fundraising
Sir Fred Goodwin, the chief executive of Royal Bank of Scotland, is fighting for his career as the City steels itself for a record breaking fundraising by the Edinburgh-based bank accompanied by up to £5bn of writedowns caused by the subprime mortgage crisis
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Government plan to bail out banks
Banks will be able to swap their mortgages for £50bn of government bonds, the BBC learns.
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Royal Bank of Scotland seeks £10bn lifeline as crunch begins to bite
The Royal Bank of Scotland will next week turn to shareholders for a record £10billion bail-out to cope with spiralling losses
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More British banks expected to boost their balance sheets
More UK banks are expected to follow Royal Bank of Scotland's lead and raise capital to boost their balance sheets in coming weeks as credit-crunch writedowns increase and trading conditions worsen.
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Jeremy Warner's Outlook: Sir Fred's head may be part of the price that has to be paid
There have long been two views in the City on Sir Fred Goodwin, the chief executive of Royal Bank of Scotland. One paints him as an imperious egomaniac whose reckless hubris has placed his bank in such extreme financial danger that it needs to raise some £9bn to £12bn of new equity from shareholders, the largest such rights issue in UK corporate history.
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£50bn move to unlock mortgage market
Bank of England preparing to unveil plan to inject £50bn of funds into the financial system next week
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Royal Bank of Scotland to reveal £4bn losses as result of credit crunch
The Royal Bank of Scotland is set to reveal £4billion of losses ahead of next week when it will turn to shareholders to ask for a £10billion lifeline to help with spiralling costs
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Bank of England set to inject £50bn into system in bid to ease mortgage meltdown
The Bank of England is to swap £50 billion of government bonds for high street lenders' mortgages in a bid to ease the credit crunch, it was reported today. Figures published yesterday by the council show how mortgage lending has plunged over the last 12 months
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Bank of England to unveil £50bn rescue package
The Bank of England is set to unveil a rescue package of around £50bn to shore up the UK's fragile banking system, while Royal Bank of Scotland, the country's second-biggest bank, will ask shareholders for around £10bn of new money as it discloses even more writedowns from the sub-prime fiasco.
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Economic View: With mortgages clogging up the system, a purgative from the Bank is ju
The woes of British banking come to a head this week with two seminal events. One will be the details of Royal Bank of Scotland's fundraising; the other the rescue operation of the mortgage market by the Bank of England and the Treasury. The former is extensively discussed in these pages, so let me just add one comment. What is fascinating is that the markets can cope with bad news but they hate a lack of frankness. So now that RBS has, so to speak, come clean, the shares can be sensibly valued and may be set to recover. Markets are more adult that many people think.
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A warning to the banks
Heather Stewart: For a long time, Bank governor Mervyn King tried to hold the line on 'moral hazard'. But, as the credit crisis deepens, he has had to admit defeat - and take on unwanted assets to get the market moving.
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FSA under fire from Norwich Union surplus assets inquiry
The financial Services Authority is expected to come under fire, for failing to introduce adequate procedures to protect the interests of with-profits policyholders, when it comes before the Treasury Select Committee on Tuesday
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HSBC insists that matching deal won't get it in a fix
Will the bank be able to cope with callers keen on grabbing its offer to match mortgage rates, asks Huma Qureshi
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Bank of England unveils controversial £50bn mortgage plan
Bank insists there will be negligible risk to the taxpayer as it pumps money into the financial system in a bid to restore confidence
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