Royal Bank of Scotland

Virgin Money Takes Big Haul In RBS Innovation Fund

Virgin Money Takes Big Haul In RBS Innovation Fund
Virgin Money Takes Big Haul In RBS Innovation Fund
September 23, 2020  |  Investments

Virgin Money said on Wednesday (Sept. 23) that it has landed the equivalent of $44.7 million from the United Kingdom’s Capability Innovation Fund, which was...

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RBS Shutters Bó To Focus On SMB Challenger Bank Mettle
RBS Shutters Bó To Focus On SMB Challenger Bank Mettle
May 03, 2020  |  B2B Payments

Bó, the digital bank developed by U.K. High Street lender Royal Bank of Scotland (RBS), is being closed down by the British state-backed lender NatWest,...

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UK Urges Banks To Nix Personal Guarantees For SMBs
UK Urges Banks To Nix Personal Guarantees For SMBs
April 01, 2020  |  B2B Payments

The U.K. government is seeking an agreement with financial institutions (FIs) to forgo the need for small businesses to offer personal guarantees to get coronavirus...

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UK Banks Criticized For SMB Coronavirus Loan Requirements
UK Banks Criticized For SMB Coronavirus Loan Requirements
March 26, 2020  |  B2B Payments

U.K. government officeholders and companies have chastised financial institutions for requiring personal guarantees for emergency loans that are backed by the state. The mandate puts much...

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Bankers Call For Overhaul Of RBS Fund Program
Bankers Call For Overhaul Of RBS Fund Program
March 02, 2020  |  B2B Payments

Bankers in the U.K. are asking for government intervention in what they call a “farcical” program meant to help business banking after the program experienced...

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RBS Reimburses Customers After FX Scandal
RBS Reimburses Customers After FX Scandal
December 15, 2019  |  B2B Payments

The Royal Bank of Scotland (RBS) is reimbursing 40 million pounds ($53 million) to about 730,000 customers after workers at the bank were found to...

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RBS Takes On Challenger Banks With Launch Of Digital Banking App
RBS Takes On Challenger Banks With Launch Of Digital Banking App
November 27, 2019  |  Mobile Applications

The Royal Bank of Scotland (RBS) has created an app called Bó with the intention of helping people save money, as well as to compete...

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Small Business Lawsuit Against RBS’s Restructuring Unit Begins
Small Business Lawsuit Against RBS’s Restructuring Unit Begins
October 29, 2019  |  B2B Payments

A trial has begun against the financial institution Royal Bank of Scotland (RBS) brought by a small business owner and former RBS client suing the...

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UK Travel Firm Thomas Cook Needs $251M To Stay Afloat
UK Travel Firm Thomas Cook Needs $251M To Stay Afloat
September 20, 2019  |  International

Thomas Cook, a global travel company based in based in London, needs to find 200 million pounds for lenders or it could collapse, according to...

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