Royal Bank of Scotland

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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