The Royal Bank of Scotland is going to invest in the Ripple technology as part of the its transaformation plan.
The banks exchanged sensitive information and trading plans in a chatroom called “Sterling Lads.” As a result, traders were able to decide on whether and when to trade the currencies they had in their portfolios based on the information they received, without taking risks.
Barclays Plc has posted its H1 performance report showing revenue of £11.6 billion. The BARC stock is 37% down in 2020.
RBS impressed investors by beating analysts’ profit expectations by around £400m despite subdued growth in the UK economy. RBS stock is quite unstable these days as the company is planning to change its name to Natwest.
Financial technology startup Fundbox is preparing for conducting an IPO in the future and has created a position of a CFO in its corporate structure.
Royal Bank of Scotland is going to become one of the first main banks to launch a service based on blockchain technology. Actually, this move may disrupt the way the banking sector works.
The Royal Bank of Scotland is going to invest in the Ripple technology as part of the its transaformation plan.