The UK government-owned Royal Bank of Scotland, the parent of Ulster Bank, said it will close 259 branches in Britain and cut 680 jobs as it reduces costs and encourages customers to use online and mobile services.

The Royal Bank of Scotland has paid out $44m to settle a US criminal investigation that accused its traders of lying to customers over bond prices.

Royal Bank of Scotland chairman Howard Davies indicated the UK taxpayer-owned bank would probably pick Dublin as its EU base following Brexit and may have to move “tens” of employees from Britain to other offices.

The chairman of RBS has warned that banks could pull out of Britain unless Theresa May secures a post-Brexit transition plan.

Royal Bank of Scotland Group denied deliberately forcing the collapse of small business customers in the wake of the 2007 financial crisis after two news organisations published leaked internal documents.

Royal Bank of Scotland, which is the parent company of Ulster Bank, is to separate its retail operations from its higher-risk businesses in a major overhaul to meet new ring-fencing rules in the UK, which also means the RBS brand will only be used in Scotland.

Banco Santander has made an offer to take over Royal Bank of Scotland’s Williams & Glyn business, according to sources, as part of a long-standing plan to grow its market share in Britain.

Shares in Bank of Ireland, Ulster Bank owner RBS, as well as Barclays fell as stock markets responded for the first time to the results of the stress tests of 51 European banks.

Royal Bank of Scotland (RBS) and Lloyds Banking Group are the two major UK lenders most exposed to the commercial real estate market, which poses a risk for banks after asset managers froze withdrawals from property funds, according to analysts.

The British government’s sale of its stake in Royal Bank of Scotland Group (RBS) has been delayed by at least two years after the UK voted to leave the EU, according to chief executive Ross McEwan.

A technology glitch centred around six branches in Scotland is hampering Royal Bank of Scotland’s (RBS) plan to offload its Williams & Glyn retail banking unit and resume dividend payments to shareholders.

Royal Bank of Scotland —owner of Ulster Bank — reported a sharp rise in losses in the first quarter yesterday and cautioned on the timing of a return to dividend payouts as lower income, restructuring costs, and sluggish asset sales underscored the challenges still facing the lender.

Ulster Bank staff will not be affected by its parent company’s decision to axe 550 jobs as it scales back its advisory services, a spokesperson said.

Royal Bank of Scotland — the parent of Ulster Bank — will sound out potential buyers for Williams & Glyn after receiving a number of approaches while continuing preparations for an initial public offering of the consumer bank.

Royal Bank of Scotland Group CEO Ross McEwan said he wants the UK bank to buy back shares to help reduce the government’s stake.

Britain yesterday took a £1.1bn (€1.56bn) loss on its first sale of shares in Royal Bank of Scotland — parent of Ulster Bank — sparking accusations of poor timing from opposition politicians.

The move has reduced the Government’s stake in the group from 78.3% to around 72.9%.

RBS has blamed a cyber attack for the IT failure that left many customers unable to access their online banking yesterday morning.

Britain is planning to sell half of its stake in Royal Bank of Scotland (RBS), worth £16bn (€23bn), within two years of a possible first sale in September, sources with knowledge of government thinking have said.

Bailed-out British firm Royal Bank of Scotland paid the same number of bankers £1m in 2014 as the year before despite sustained losses and public anger.

Royal Bank of Scotland will hand restructuring chief Rory Cullinan the task of overseeing another major scaling back of its investment bank, sources told Reuters, allowing it to focus on lending to British households and businesses.

From selfies to sniffles, the Irish Examiner brings you the very best images from the RBS Six Nations win.

State-controlled Royal Bank of Scotland has commissioned investment bank Morgan Stanley to advise it on potential merger opportunities for its Irish unit, Ulster Bank, the business’s chief executive was quoted as saying yesterday.