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Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
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RBS staff reportedly told to work from home until Christmas

Tue, 21st Jul 2020 09:53

(Sharecast News) - Thousands of Royal Bank of Scotland staff will continue to work from home for the rest of the year despite new government guidance encouraging workers to get back to the office from next month.
According to reports, RBS has told more than 50,000 staff not to make any plans to work from the office until 2021.

The lender, which is due to switch its name to NatWest on Wednesday, told the majority of employees that they will work from home at least until December. Previously, RBS had planned for staff to start returning to work in September.

The news comes just days after Prime Minister Boris Johnson announced that government advice to work from home if you can will be scrapped from 1 August, amid concerns over the impact on businesses located in city centres and near office buildings. Instead, the onus will be on the employer.

Roughly 10,000 RBS staff have continued to work at branches and offices throughout the pandemic, alongside another 400 who have been called into work at offices and call centres due to regulatory requirements related to the nature of their work.

Last week, phone data analysed by the Centre for Cities think tank on behalf of The Times showed that only one in eight workers in London has gone back to the office.
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29 Apr 2020 18:07

UPDATE 1-RBS sticking by companies in coronavirus crisis, says chairman

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29 Apr 2020 17:05

UPDATE 1-AIB CEO says Irish banks working to extend loan breaks

* AIB loan repayment breaks jump to well over 40,000* CEO does not expect further jump in mortgage breaks* Sees material impact on mortgage volumes in 2020 (Adds details, quotes)By Padraic HalpinDUBLIN, April 29 (Reuters) - Ireland's five retail ban...

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29 Apr 2020 16:46

UPDATE: RBS Chair Says No Plans For Large Redundancy Programme

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29 Apr 2020 16:15

TOP NEWS: RBS Sees Short To Medium Term Hit From Covid-19

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29 Apr 2020 15:42

COVID-19 has "changed everything", RBS Chairman says

LONDON, April 29 (Reuters) - Royal Bank of Scotland chairman Howard Davies said on Wednesday the coronavirus pandemic had "changed everything" and its impact on society and the economy would likely be "stark and long-lasting".In comments to invest...

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29 Apr 2020 15:31

Irish banks seeking to extend loan breaks to six months - AIB CEO

DUBLIN, April 29 (Reuters) - Ireland's five retail banks are working towards extending loan repayment breaks to help customers cope with the impact of the coronavirus to six months, up from the current three months, Allied Irish Banks' chief exec...

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29 Apr 2020 15:05

RBS behind half of £2.8bn emergency SME loans

(Sharecast News) - Royal Bank of Scotland indicated it was responsible for about half the money lent to small businesses under the government's highly criticised Covid-19 emergency loan scheme.

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28 Apr 2020 09:58

UPDATE 1-UK regulator tells banks not to pressure corporate customers

(Adds more detail)LONDON, April 28 (Reuters) - Britain's markets watchdog said on Tuesday it might take enforcement action against banks that are putting pressure on their corporate borrowers during the pandemic to buy other services as well.The F...

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28 Apr 2020 09:33

Banks must eliminate coronavirus refund confusion, consumer champion says

* Consumers turning to card providers after refund rows* Banks accused of rejecting claims where vouchers were offeredBy Sinead CruiseLONDON, April 28 (Reuters) - One of Britain's largest consumer interest groups has called on banks to adopt a con...

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28 Apr 2020 09:18

UK regulator tells banks not to pressure corporate customers

LONDON, April 28 (Reuters) - Britain's markets watchdog said on Tuesday it might take enforcement action against banks that are putting pressure on their corporate borrowers during the pandemic to take other services as well.The Financial Conduct ...

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27 Apr 2020 09:04

BoE urges banks to go easy on bad debts - report

(Sharecast News) - The Bank of England has warned UK lenders to exercise restraint in booking charges for expected bad debts to preserve their capital positions.

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26 Apr 2020 23:44

Sunday newspaper round-up: Lockdown, Vaccines, Social distancing

(Sharecast News) - Boris Johnson is expected to announce plans for easing the lockdown as early as this week after he returned to Downing Street on Sunday night to take full-time control of the coronavirus crisis. The Prime Minister will on Monday morning chair his first meeting of the Covid-19 "war cabinet" since he was taken to hospital more than three weeks ago, and is ready to resume his role hosting televised Number 10 press conferences. - Sunday Telegraph

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24 Apr 2020 16:07

UK Earnings, Trading Statements Calendar - Next 7 Days

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24 Apr 2020 14:32

S&P Global Ratings Negative On Domestic UK Lender Outlook

S&P Global Ratings Negative On Domestic UK Lender Outlook

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24 Apr 2020 09:38

UK BROKER RATINGS SUMMARY: Jefferies Cuts Diageo, Goldman Cuts Hikma

UK BROKER RATINGS SUMMARY: Jefferies Cuts Diageo, Goldman Cuts Hikma

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