UK challenger banks Santander, Metro Bank, Clydesdale Bank, Starling and TSB are all pitching for a share of the Royal Bank of Scotland (RBS) alternative remedies package.
It has taken almost a decade and accumulated losses of around £50bn but Royal Bank of Scotland (RBS) has finally, belatedly, and expensively closed its so-called bad bank business unit.
If you are a current account customer of British banks Lloyds, Halifax or Bank of Scotland, you’d better read this – especially if you go into the red because overdraft fees are changing.
The Royal Bank of Scotland — still 73 percent tax-payer owned since the financial crisis — has just reported its ninth consecutive year of losses.
A modest two hearty cheers for Santander’s full year results.
It was the market that ING never cracked – but it may be about to have another shot.