Entries tagged "Stephen Hester"
Royal Bank of Scotland, about 68% government owned, has completed its board restructuring, appointing Sandy Crombie as a nonexecutive director.
Royal Bank of Scotland Group plc may finally sell one of Charter One Financial Inc., the Cleveland bank that R.I. subsidiary Citizens Financial Group Inc. bought in 2004 for $10.5 billion.
Royal Bank of Scotland Group plc, now majority owned by the British government, hired Brendan Russell from Barclays plc to join a team that will help decide which of the company's assets to sell, according to a Bloomberg report. Russell, a traveled M&A exec, worked on Barclays' August sale of its U.K. life insurance unit to Swiss Reinsurance Co. for £753 million ($1.12 billion) in cash....
While Americans digested their holiday dinners, the British government took control of the Royal Bank of Scotland Group plc. But as Americans headed out on Black Friday, the 1,600 branches of Citizens Financial Group, RBS' U.S. unit, operated normally. ...
