uk financial investments limited news
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Bank bonus tax puts kibosh on National Investment Corporation
Edinburgh :: United Kingdom | over 3 years ago
Credibility
The introduction of the Bank Payroll Tax in last month’s Pre-Budget Report has hardened the resolve of many of the international investment banks operating in the City not to contribute to the NIC’s growth capital fund. At the very least, they will
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Banks face grilling on bonuses by MPs
London :: United Kingdom | over 3 years ago
Credibility
Banks face grilling on bonuses by Treasury select committee RBS, Lloyds and Northern Rock chiefs will have to account for pay and lending next week The controversy over bankers' bonuses will be aired before the Treasury select committee next week
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MCB, RBS share purchase accord lapses
Karāchi :: Pakistan | over 3 years ago
Credibility
MCB Bank (MCB) has lapsed, said an MCB communique to the Karachi Stock Exchange on Friday. Pakistan Operations (RBS Pakistan) as part of its global restructuring process...As announced, the transaction was subject to necessary regulatory approvals...
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Taxpayers make £26bn loss on stakes in Lloyds Banking Group and RBS
Edinburgh :: United Kingdom | over 3 years ago
Credibility
S • RBS shares end the year at 29.2p, well below 50p needed to break even • Loss is wider than figure calculated National Audit Office The taxpayer begins 2010 with a loss of more than £26bn on its stakes in Lloyds Banking Group and Royal Bank of
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Plan to merge B&B and Northern Rock
Bradford :: United Kingdom | over 3 years ago
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Northern Rock and Bradford & Bingley – both nationalised by the government at the height of the banking crisis last year – are to be merged by the Treasury into one "bad bank" in the new year. The news comes as Northern Rock unveiled the directors
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RBS shareholders back bail-out
Brussels :: Belgium | over 3 years ago
Credibility
The asset protection scheme means the Treasury acts as an insurer against the bank's £282bn of bad debts. Under the terms of the support deal, the UK taxpayers' stake in RBS rises from 70% to 84% after the government invests an extra £25.5bn in the
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Courts orders EU to re-examine EDF case
Brussels :: Belgium | over 3 years ago
Credibility
37 Court orders EU to re-examine EDF case The European Commission must re-examine its decision ordering French energy group EDF to repay about €889 million in state aid, Europe's second-highest court ruled today...The EU's executive Commission in
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The lords of humankind,
Edinburgh :: United Kingdom | over 3 years ago
Credibility
The social damage of governmental and financial negligence in the banking crisis is clear from the perspective of Scotland’s border-country, finds the scholar-politician Christopher Harvie. The life of a parliamentarian in 21st-century Scotland
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Taxpayers insure £170bn of RBS’s toxic assets outside of Britain
London :: United Kingdom | over 3 years ago
Credibility
The bank, soon to be 84 per cent taxpayer-owned, is putting £282 billion of assets into the Government’s giant insurance scheme...About £75 billion of assets are in continental Europe, many from RBS’s acquisition of ABN Amro. The rest are in the
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Profile: Robin Budenberg, man in the middle of the bank bonuses row
Colchester :: United Kingdom | over 3 years ago
Credibility
On a purely prosaic level, the new chief executive of the agency that controls the taxpayer's stake in nationalised banks, will have to cope with a move to new offices on Cockspur Street, just off Trafalgar Square in London. Treasury, where its small
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