Royal Bank of Scotland

Ticker RBS

Today's data summary

Market closed
% change
-0.88%
Price Pence
237.50
Change
-2.10
As of 22:03 18 Oct 2018
Market cap. Pound sterling
28,614.55 million
As of 22:04 18 Oct 2018

Latest updates

BreakingRBS to pay first dividend since 2008

RBS
Getty Images

RBS has announced that it will pay a dividend of 2p per share - its first since 2008 when it nearly went bust during the financial crisis.

The cost of the payment will be around £240m.

RBS chief executive Ross McEwan says: "This is another important milestone in our turnaround, almost ten years to the day that RBS was rescued by the British taxpayer."

RBS boss calls for more regulation for small business lending

RBS branch
Getty Images

Royal Bank of Scotland's boss has called for regulation of small business lending in the UK, despite dodging disciplinary action over the mistreatment of SMEs by its Global Restructuring Group earlier this year.

Ross McEwan told the Press Association the market sorely required proper checks and routes for complaints.

He said: "I think somebody needs to be there to put a second view around the SME market place."

He also warned UK authorities to be "careful" over putting UK banks at a disadvantage by over-regulating the financial sector.

"This industry needed to be pulled back into line to consider customers again and to be financially strong, so I think the regulators have done the right thing," he said. "We need to be careful now that we stay competitive with other regulatory frameworks around the world."

What should RBS be renamed?

RBS branch
PA

More of your excellent rebrand suggestions for Royal Bank of Scotland.

Our favourite so far comes from Gareth Roberts who suggests the bank be renamed "HTTP 404 Error".

He points out: "It might provide some continuity for their numerous IT glitches that are still yet to come."

Meanwhile Bryan Charlesworth suggests "British Banking Corporation ( BBC)". Thanks for the idea, but that's an obvious non-starter!

Keep your suggestions coming, please, to bizlivepage@bbc.co.uk