Bank branch sell-off for Scotland
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By: BiodunIginla
Monday, October 12, 2009 Managing banksby Biodun Iginla and Judith Stein, Financial Analysts for the BBC and the EconomistOct 8th 2009From The Economist print editionSpare a thought for departing bank bosses. They were mostly useless,
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THE state-owned Royal Bank of Scotland is planning to hand out record bonuses of up to £5m each in a snub to struggling taxpayers. The average employee in its high-risk investment banking arm is likely to take home £240,000, with the top 20 staff in line for payments of between £1m and £5m. The conduct of these banks is ...
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China to keep yuan weak till crisis China will maintain a weak yuan until its export sector has recovered from the global crisis, prioritising concerns at home despite growing pressure from its major trading partners, analysts say.The United States and European Union have been pushing ...http://www.saudigazette.com.sa/index.cfm?method
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- News Source: Independent | 21 days agoRoyal Bank of Scotland Group and Lloyds Banking Group will receive £31.3bn (€34.8bn) in a second bailout from the UK taxpayer as the two banks agreed to cap bonuses. The British Treasury will inject £25.5bn worth of capital into RBS, for a total...
- News Source: The Scotsman | 22 days agoTHE overhaul of Royal Bank of Scotland and Lloyds Banking Group has begun, with the two chief executives knowing they have little choice other than to accept the European Union and Treasury demands for a dismantling of their empires.
- News Source: The Scotsman | 22 days agoHester, chief executive of Royal Bank of Scotland, said there had already been interest from potential buyers in the assets the company had to sell...RBS is selling 318 branches of the former Williams & Glyn's outlets in England and Wales, and its...
- News Source: The Scotsman | 22 days agoKane, head of Lloyds Banking Group in Scotland, admitted yesterday that the bank would have disposed of some of its branches even if Brussels had not ordered it to do so...Cheltenham & Gloucester and the online mortgage bank Intelligent Finance. Kane...
- News Source: The Scotsman | 22 days agoRBS was the worst performer, leaving chief executive Stephen Hester clearly unhappy that his ability to revive the bank's fortunes had been made more difficult by the European Commission verdict. Shares in Royal Bank of Scotland shed 7 per cent,...
- News Source: Guardian Unlimited | 22 days agoThings could not be better in Darling world Good news for the banks, which are to be rescued with a further £39bn of our money. That's not far short of £2,000 a household Simon Hoggart The lads in the Treasury team had some good news and some...
- Blog Source: www.goodasis.comRoyal Bank of Scotland (RBS) and Lloyds Banking Group are to sell off major assets in another shake-up of the UK banking industry. The sales have been demanded by the European Commission to safeguard competition concerns after the two ...
- Blog Source: www.financemarkets.co.ukA major overhaul of the UK banking industry has been confirmed by the Treasury today with plans for Royal Bank of Scotland (RBS) and Lloyds Banking Group to sell off bank branches. The shake-up comes as the Government hopes to create ...
- Blog Source: www.goodasis.comRoyal Bank of Scotland (RBS) and Lloyds Banking Group are due to announce plans to set up new banks from their existing branches and sell them off. The sales have been demanded by the European Commission to safeguard competition ...
- Blog Source: www.calculatedriskblog.comChancellor Alistair Darling will this week unveil his proposed overhaul of the UK banking system which includes breaking up Lloyds and Royal Bank of Scotland and bringing "at least" three new banks to the high street. ...
- Blog Source: dealbook.blogs.nytimes.comLloyds Banking Group launched a record $22 billion rights issue and, along with rival Royal Bank of Scotland, agreed to sell off some businesses to limit their reliance on government support.
- Blog Source: blog.taragana.comU.K. Treasury chief Alistair Darling on Sunday said all three banks rescued by taxpayer money — which besides Lloyds and RBS includes Northern Rock — would be shedding parts of their businesses. Media reports say RBS may have to sell ...
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Video Source: www.truveo.comMore State Aid for Lloyds, ...Video Source: www.truveo.comMore State Aid for Lloyds, Royal Bank of Scotland - Video Source: www.truveo.com
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- Video Source: www.truveo.comRBS and Lloyds to begin asset ...Video Source: www.truveo.comRBS and Lloyds to begin asset sell off
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