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RT UK’s bank accounts have been blocked, RT’s editor-in-chief reported. The National Westminster Bank has informed RT UK that it will no longer have the broadcaster among its clients. The bank provided no explanation for the decision. “We have recently undertaken a review of your banking arrangements with us and reached the conclusion that we will no longer provide these facilities,” NatWest said in a letter to RT’s London office. The bank said that the entire Royal Bank of Scotland Group, of which NatWest is part of, would refuse to service RT. More in linkhttps://www.rt.com/news/363013-rt-uk-accounts-blocked/ Bank accounts of Russian state...

"RBS has been a bruising place to work ... and that doesn't sit well with me," the Royal Bank of Scotland CEO McEwan said on Thursday. "We will work hard to make [RBS] a much better place for our people." McEwan mentioned on a conference call last week that there would be "substantial job losses" and that "we haven't got a number out there because we've got a lot of consultation to do with our people." Little did his staff know that this meant about three out of four people working in the investment banking part of the bank would...

Tale of Two Countries Fearmongering in Scotland hits fever pitch as RBS and four other banks threaten to leave the country if Scotland votes "Yes" for independence. In Spain, Catalans staged a huge protest in favor of independence. The Spanish government hopes Scotland will vote "No" even though it seeks to halt a Catalan vote altogether. Let's take a close look at these stories starting with Scotland. RBS, 4 Other Banks Warn of Relocation to England if Scots Vote Yes

Libor rates are calculated for different currencies each day under the auspices of the British Bankers' Association, using quotes that are submitted by banks on a panel, based on the banks' estimated borrowing costs. More than $800 trillion in securities and loans are linked to Libor, including $350 trillion in swaps and $10 trillion in loans, including auto and home loans, according to the CFTC. No other banks or individuals have been charged with wrongdoing. Banks that have disclosed they are being investigated include Citigroup Inc., C +3.72% Deutsche Bank AG, DBK.XE +2.02% HSBC Holdings HBC +1.00% PLC, J.P. Morgan...

series of demonstrators is being planned by the U.S. Air Force to mature technology for the Reusable Booster System (RBS), its chosen replacement for the Evolved Expendable Launch Vehicle (EELV) family beyond 2025. The first of the demonstrators, the Air Force Research Laboratory’s (AFRL) RBS Pathfinder, is planned to fly in 2013 to evaluate the “rocket-back” maneuver that would enable the unmanned first-stage booster to return to a runway landing at the launch site. An RBS architecture combining a reusable first stage and expendable upper-stage stack is defined in the new spacelift development plan now in the final stages of...

The FTSE chart is identical to what happened over Thanksgiving (absent the 5 hours of downtime of course): FTSE 100 down 1.6%, FTSE Eurofirst 300 down 1.7%, And as if having all its bankers depart and its CT office look like a ghost town, RBS is now getting freshly clobbered. In US futures, computers with massive REIT positions are short circuiting. The reason: that long-buried (in the sand) and presumably "taken care of" problem of Dubai: Dubai shares tumbled to the lowest level in almost five months, led by Emaar Properties PJSC and Emirates NBD PJSC, on concern that Dubai...

Britain's Uber-bear is growling again. After predicting a torrid "relief rally" over the early summer, Bob Janjuah at Royal Bank of Scotland is advising clients to take profits in global equity and commodity markets and prepare for another storm as winter nears.

G20 summit protesters have forced their way inside a Royal Bank of Scotland office in the City amid violent clashes with police as world leaders gather in London. Anarchists smashed windows of the building on Threadneedle Street near the Bank of England and looted office equipment and papers, throwing smoke grenades, chairs and eggs. A printer was seen being thrown out of a window as the group of protesters, many with their faces covered by bandanas, ransacked the office, despite a huge security operation to protect Europe's financial capital. Riot police have been deployed near the scene but the protesters...

The two chiefs of Royal Bank of Scotland’s highly profitable commodities trading joint venture have quit the nationalised bank before an expected review of pay and bonuses. David Messer, the United States-based chief executive, has left after the departure of Frank Gallipoli as president this month. RBS Sempra Commodities was formed in 2008 by the bank and Sempra Energy Trading, founded by Mr Messer. An industry source said that a number of traders were planning to quit because RBS is about to clamp down on pay. It is understood that the bank is conducting a review across all its operations...

European banks among top beneficiaries of AIG bailout ...http://www.iht.com/articles/reuters/2009/03/15/business/OUKBS-UK-FINANCIAL-AIG-COUNTERPARTIES.phpGerman and French banks got $36 billion from AIG Bailout ...http://www.businessweek.com/the_thread/economicsunbound/archives/2009/03/german_and_fren.html[US tax dollars at work] Societe General (FRANCE) - $11.9 Billion Deutsche Bank (GERMANY) - $11.8 Billion Calyon (FRANCE) - $2.3 Billion Barclays (U.K.) - $8.5 Billion UBS (Switzerland) - $5.0 Billion DZ Bank (GERMANY) - $700 Million Wachovia - $1.5 Billion Rabobank (HOLLAND) - $800 Million KFW (GERMANY) - $500 Million Banco Santander (SPAIN) - $300 Million Danske (DENMARK) - $200 Million HSBC Bank (U.K.) - $3.5 Billion Bank of Montreal (CANADA) - $1.1 Billion Royal Bank of Scotland (U.K.) -...

MELANIE PHILLIPS, WRITING EXCLUSIVELY FOR MAIL ONLINE Worried that Britain is going bankrupt? Cheer up – we’re about to be bought up by the Islamic world. A report by International Financial Services London reveals that Britain’s Islamic banking sector is now bigger than that of Pakistan. The study says that the UK has by far the largest number of banks for Muslims of any western country. The UK now has five fully ‘sharia-compliant’ banks – providing products which prohibit interest payments and investment in alcohol or gambling firms in accordance with Islamic sharia law – while another 17 leading institutions...

The FBI has released pictures of two suspects linked to a multi-million dollar ATM heist. The man and a woman are thought to be street-level accomplices in a global cash machine heist the netted $9m from 130 ATM machines in 49 cities around the globe in a co-ordinated attack that lasted just hours. Investigators reckon the gang used data stolen from RBS WorldPay to create counterfeit payroll cards. These bogus cards were subsequently used to withdraw money from machines across the US as well as Montreal, Moscow, and Hong Kong on the night of 8 November 2008. Around 100 payroll...

RBS shares collapse after record losses LONDON, Jan 20 – Shares in Royal Bank of Scotland collapsed today in the wake of the Government’s latest rescue bid and news that the bank is facing the worst loss in UK corporate history. The NatWest parent company’s market value slumped below £5 billion after shares plunged by as much as 70 per cent at one stage. RBS estimated bad debts and write-downs on the value of past acquisitions could leave it as much as £28 billion in the red for 2008 – higher than the current record of £15 billion set by...

December 16, 2008 British banks losing billions to ‘one big lie’ in biggest ever fraud Wall Street investors struggle to understand how they fell for simple fraud Suzy Jagger, Christine Seib and Patrick Hosking The eye-popping scale of what is being billed as the world’s largest swindle became apparent yesterday as wealthy investors and banks around the world emerged as the victims of Bernard L. Madoff. The Royal Bank of Scotland admitted that it stood to lose £400 million, and HSBC warned its shareholders that its losses could be $1 billion (£675 million), making it Britain’s largest victim so far...

The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks. "A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the bank's credit strategist. A report by the bank's research team warns that the S&P 500 index of Wall Street equities is likely to fall by more than 300 points to around 1050 by September as "all the chickens come home to roost" from the excesses of the global boom, with contagion...