Category: Royal Bank of Scotland

UK Relinquishes Control of Former Royal Bank of Scotland

March 29, 2022
Business & EconomyCompanieseconomyMarketsNatWestRoyal Bank of Scotland
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LONDON—The British government has relinquished control of the former Royal Bank of Scotland for the first time since it bailed out the lender during the global financial crisis almost 15 years ago. The Treasury said Monday that it had sold 1.2 billion pounds ($1.6 billion) of shares back to the bank, now known as NatWest…

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Supreme Court Urged to Allow Suit Against UK Bank Over Terrorism Complicity

October 21, 2021
IntifadaIslamic terrorismIsraelJudiciaryNational Westminster BankPalestineRoyal Bank of ScotlandUS
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More than 200 U.S. citizens, family members, and estates of deceased U.S. citizens are asking the Supreme Court to revive their lawsuit against a foreign bank for allegedly processing hundreds of transfers moving millions of dollars for terrorist group Hamas’s principal European fundraiser, Interpal, over a decade. A bipartisan group of U.S. senators has filed…

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