Royal Bank of Scotland Group, Britain’s biggest government-owned lender, has hired Ewen Stevenson from Credit Suisse Group as chief financial officer.

SUMITOMO Mitsui Financial Group, Japan’s second biggest bank by market value, won a bid to buy Royal Bank of Scotland Group Plc’s Dublin-based aircraft-leasing division for about $7.3 billion (€5.764bn).

UK taxpayer-backed Royal Bank of Scotland will stoke up controversy about bankers’ pay this week when it announces that 300 of its top staff received packages averaging £1m each last year.

Royal Bank of Scotland today sold a majority stake in the UK's biggest credit card payment firm.

Royal Bank of Scotland today announced the sale of its metals, oils and European energy business for $1.7bn as it looks to meet EU demands following its multi-billion pound state bail-out.