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Dutch finance minister Dijsselbloem: 20 per cent bonus cap for bankers in Netherlands

AMSTERDAM - The Netherlands' finance minister says he plans to introduce a law that would cap bonuses in the banking sector to no more than 20 per cent of total salary. In his weekly appearance on RTL television, Jeroen Dijsselbloem said looser rules may apply abroad, but "where the Netherlands is boss" the cap will be enforced.

Bank of Cyprus grabs 2nd ex-RBS banker for turnaround

LONDON (Reuters) - Bank of Cyprus <BOC.CY> has called on a second former senior banker from Royal Bank of Scotland <RBS.L> to lead its restructuring following this year's international bailout of Cyprus. Euan Hamilton, formerly deputy chief executive of RBS's "non-core division", has joined Bank of Cyprus as a consultant to specifically look at the delinquency, restructuring and recoveries of loans.

Critic of RBS business lending had own complaint against bank

By Matt Scuffham LONDON (Reuters) - The author of a report that criticizes Royal Bank of Scotland's <RBS.L> dealings with small businesses had lodged a complaint about the way his own business was treated by the British bank, a colleague of his told Reuters on Monday. Lawrence Tomlinson, an adviser to UK Business Secretary Vince Cable, did not disclose in his report issued earlier in the day that LNT Group, the construction-to-care homes company he runs in the north of England, previously had a grievance with RBS.

RBS brings in lawyers to review treatment of ailing small firms

By Matt Scuffham LONDON (Reuters) - Royal Bank of Scotland <RBS.L> has appointed law firm Clifford Chance to conduct an inquiry into the treatment received by small business customers in financial distress, responding to suggestions it closed down viable businesses too quickly. The move comes after an independent report by former Bank of England deputy governor Andrew Large, which was commissioned by RBS, recommended the bank look into concerns over its treatment of struggling small businesses.

RBS accused of 'distressing' small firms

Royal Bank of Scotland faced more damage to its reputation on Monday after the government handed regulators a report claiming that the state-rescued lender forced small firms to default. Compiled over the past six months, it focuses on claims against the bank's Global Restructuring Group (GRG), which deals with risky loans. The report alleges that the bank hit seemingly healthy businesses with unmanageable charges and rates before it seized their assets at a knock-down price.

British govt hands RBS report to City watchdogs

The Royal Bank of Scotland faced fresh damage to its reputation on Monday after the British government handed financial watchdogs a report claiming it forced small firms to default in order to seize their assets. Business Secretary Vince Cable confirmed on Sunday that he had given the report, written by Lawrence Tomlinson from the Department for Business, Innovation and Skills, to the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).

RBS must tackle capital issues before share sale: UKFI

By Matt Scuffham LONDON (Reuters) - Part-nationalized Royal Bank of Scotland <RBS.L> must address issues over its capital and future strategy before the government can start selling its shares, the new head of the agency managing Britain's bank stakes told lawmakers.

RBS must tackle capital issues before share sale: UKFI

By Matt Scuffham and Steve Slater LONDON (Reuters) - Part-nationalized Royal Bank of Scotland <RBS.L> must address issues over its capital and future strategy before the government can start selling its shares, the new head of the agency managing Britain's bank stakes told lawmakers. James Leigh-Pemberton, who will become executive chairman of UK Financial Investments (UKFI) in January, said the outcome of new RBS Chief Executive Ross McEwan's strategic review, due in February, would be a crucial part of the investment case.

RBS agrees 1,080 mortgages through UK's 'help to buy' scheme

LONDON (Reuters) - State-backed Royal Bank of Scotland <RBS.L> has agreed in principle mortgages with 1,080 customers since Britain's flagship 'Help to Buy' housing stimulus program was launched a month ago. Britain's Conservative government is pushing the plan, with a 2015 election in mind, as a way to help people move onto, or up, the property ladder, and stimulate growth after three years of economic stagnation.

RBS unit to pay $150 million to settle U.S. SEC charges

By Sarah N. Lynch WASHINGTON (Reuters) - A unit of the Royal Bank of Scotland agreed to pay more than $150 million to settle civil charges alleging it misled investors in a financial crisis-era subprime mortgage product, U.S. regulators said on Thursday. The Securities and Exchange Commission said the money it will collect from RBS Securities Inc would go toward compensating harmed investors.
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