In the face of Brexit uncertainty, Royal Bank of Scotland lending was becoming more cautious
Union cries foul as investment bankers profitand taxpayers wait to get £45-billion back.
Spanish bank Santander is buying 318 branches from government-controlled Royal Bank of Scotland.
Royal Bank of Scotland will cut more jobs, chairperson Philip Hampton warned on Friday as he called for an end to ”public flogging” of the bank.
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/ 10 February 2009
The former heads of banks bailed out by the British state gave unreserved apologies on Tuesday for their conduct, and agreed changes to the bonus system were needed. The deposed senior executives from the Royal Bank of Scotland (RBS) and HBOS apologised to lawmakers for the “turn of events” that led to their institutions being […]
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/ 13 October 2008
Britain bailed out three major banks with £37-billion on Monday as governments around Europe boosted confidence in the battered industry.
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/ 12 October 2008
Major British banks are likely to announce their plans to recapitalise early on Monday.
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A charm offensive by Jacob Zuma may not be enough to dispel deep investor anxiety over whether he will be able to take charge of Africa’s biggest economy, even though he has won over some doubters. Since unseating President Thabo Mbeki as leader of the ruling African National Congress in December, Zuma has moved to consolidate his power.
Britain’s FTSE 100 index dipped by mid-session on Monday as concerns of a looming United States recession offset gains in oil shares, HSBC and potential bid target Friend Provident. By 1201pm GMT, the FTSE 100 was down 6,6 points at 5 693,3, well off its day’s high of 5 718,8.
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/ 25 February 2008
World stocks and the dollar rose on Monday as talk of a rescue plan for a United States bond insurer and comments that Qatar is interested in investing in European banks eased concerns about the banking industry. Energy and commodity prices remained firm, with geopolitical concerns in Iran and Turkey lifting oil prices above a barrel.
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/ 29 November 2007
A trio of British bankers dubbed the ”Natwest Three” face 37 months in prison after pleading guilty to stealing ,3-million tied to the collapse of Enron. The men, who worked for Natwest’s investment banking arm, concocted a deal in 2000 with two senior Enron executives who have since been jailed.
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/ 27 November 2007
Three British bankers whose extradition to the United States caused a political storm last year are on the brink of a plea agreement that could involve an admission of wrongdoing over an alleged -million fraud related to the collapse of Enron.
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/ 26 November 2007
A consortium led by Richard Branson’s Virgin Group has been picked as the preferred bidder to rescue Northern Rock and plans to repay £11-billion (,6-billion) quickly to the Bank of England. Half the cash will come from the consortium and half will be raised through a rights issue at 25 pence per share.
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/ 17 September 2007
Thousands of customers queued to withdraw savings from embattled British bank Northern Rock on Monday and its shares plunged again, heightening pressure for a sale of the business or its assets. Britain’s fifth-biggest mortgage lender said there was no need for investors or customers to panic
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/ 16 September 2007
Troubled British bank Northern Rock faced break-up rumours on Sunday as it sought to reassure panicking customers and investors following an emergency bail-out by the Bank of England. Worried customers besieged Northern Rock on Friday and Saturday to withdraw their savings — despite assurances that it would not fall victim to the global credit squeeze.