All Entries Tagged With: "RBS"
Royal Bank of Scotland (RBS): Investors agree on bailout
Investors in Royal Bank of Scotland (RBS) today agreed that the £20 billion bail-out plan should go ahead. The improvement of shareholders could now mean that 60 percent of the bank is put in public hands.
RBS shareholders voted 99.28 percent in favour of the bailout in the meeting today in Edinburgh. This will see RBS [...]
RBS Job Cuts: Not likely to be imminent
Royal Bank of Scotland (RBS) have said they are unclear at this point of the impact on the intermediary business after it was reported that 3000 global jobs are to be axed.
Last week reports showed that RBS would be announcing within the next 6 weeks up to 3,000 redundancies within the lenders global banking and [...]
Gordon Brown in talks with RBS, Lloyds and HBOS
Prime Minister Gordon Brown revealed that he is still in talks with Royal Bank of Scotland (RBS) Lloyds TSB (LON:LLOY) and HBOS today in regards to the promise they made to the UK government that lending activity would be at 2007 levels and how they intend to resume lending and work through the global financial [...]
RBS, Lloyds TSB and HBOS Nosedive: Investor Hopes Disappear
Royal Bank of Scotland (RBS) fell to the lowest level in 16 years yesterday, with the UK Treasury injecting £37 billion ($55.5 billion) into the UK bank next week it gives little time for investors to regain hope and want to invest in the bank when the stock is deteriorating so rapidly.
RBS, which was Britain’s [...]
Barclays and HSBC sends FTSE 100 tumbling further
HSBC (NYSE:HBC) and Barclays (LON:BARC) led the fall of UK stocks for a second day, as investors become more fearful that the economy downturn will damp earnings. In London (12.36 GMT) the FTSE 100 index tumbled 1.6 percent or 65.77 to 4,066.39. In Ireland the ISEQ Index dropped 3.4 percent. The FTSE All-Share Index fell [...]
Royal Bank of Scotland (RBS) joins Citigroup with job cuts
Royal Bank of Scotland (RBS) announced that they will be axing 3,000 jobs from its investment banking division. The news comes when several other banks are making banking staff redundant.
Yesterday Citigroup announced a further 53,000 job cuts, only 2 months ago they shed 22,000 of their workforce giving a total of around
JP Morgan joins RBS and Goldman Sachs with severe job losses
JP Morgan the US bank has followed other banks in the city including Royal Bank of Scotland (RBS), Citigroup and Goldman Sachs by announcing a global review putting thousands of jobs at risk, although they have not at the point decided on the extent of the job losses.
According to a JP Morgan source “Banks are [...]
Barclays is one step closer to Middle East deal
Barclays (LON:BARC) deal with Middle Eastern Investors is sure to go ahead due to an ‘Amber Top’ notice from the Association of British Insurers (ABI) ahead of next Friday’s meeting to reach the verdict on the bailout.
John Varley the CEO and Marcus Agius chairman of Barclays met with the ABI who represents institutions who own [...]
Government backs off RBS, Lloyds TSB and HBOS after bailout
The UK banks who agreed to the £37 billion rescue from the government, Royal Bank of Scotland (RBS), Lloyds TSB (LLOY), and HBOS will not see government officials sitting in their board rooms instead the government will be conducting business at arm’s length whilst they managed the taxpayers share of equity in the giant banks.
However [...]
Royal Bank of Scotland (RBS) to shed 3,000 worldwide jobs
The troubled bank Royal Bank of Scotland (RBS) is preparing to get rid of 3,000 worldwide employees in a bid to stave off the battle with recession, which is affecting economies around the world.
In the UK alone RBS are set to shed up to 1,000 jobs, bringing the weekly job loss total to over 16,000 [...]
Barclays and Royal Bank of Scotland (RBS) suffer set-back
Royal Bank of Scotland (RBS) and Barclays have suffered major set-backs after Henry Paulson US Treasury Secretary indicated that what’s left of the $700 billion bailout fund will not be used to create a dumping ground for bad US mortgage assets but will be used on a broader scale to bailout the financial industry, from [...]
0% balance transfer deals ditched by RBS, NatWest and Capital One
Royal Bank of Scotland (RBS), NatWest and Capital One are just a few big banks who have scrapped the zero percent on balance transfer deals for credit card holders wishing to take advantage of the interest free periods.
MINT also joined the three big banks who have now completely withdrawn their 0 percent balance transfer
RBS staff celebrations: Will cost taxpayers £1 million
Royal Bank of Scotland (RBS) will be spending £1 million on Christmas staff parties, this shocking news came just days after it was exposed they spent £300,000 on a party for 40 of the bank’s senior employees and 30 partners, costing £4,285.71 per head, not bad for a night out.
RBS is set to receive a [...]
Royal Bank of Scotland (RBS) on the Yen Currency
The Japanese yen is likely to return to a 13-year high according to Royal Bank of Scotland (RBS), this is due to the banks that sold derivatives linked to the Yen are forced to hedge payments to investors.
Societe Generale SA, Frances second largest bank believes that the Yen could be pushed 80 per dollar the [...]
Royal Bank of Scotland (RBS) former CEO under fire from politicians
The former CEO of Royal Bank of Scotland (RBS) Sir George Mathewson and the former CEO of Bank of Scotland before it became HBOs Sir Peter Burt have come under fire from politicians saying that the former bank chiefs in regards to taking control of HBOS and keeping it independent.
If the proposal did win over [...]