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News about Royal Bank of Scotland (RBS)
Government poised to sell-off nationalized banksThe British government is poised to sell off some of the country's struggling banks bailed out and nationalized in the wake of the global financial meltdown, it was reported early last week. Northern Rock, Royal RBS lets go of another 100 workers The Royal Bank of Scotland (RBS) on eof the largest and oldest banking institutions in the UK is to axe almost 100 jobs from its business dealing with personal loans based-in Rotherham, England, it has HSBC seeks new capital after a sharp profit fall Britains HSBC bank wants it wants to raise a record GBP 12.5 billion (14.09 billion Euro) from shareholders through a new rights issue after a steep fall in 2008 profits resulting from bad debts in RBS confirms GBP 24.1 bln in losses Britains Royal Bank of Scotland (RBS) on February 26 confirmed it had made record losses of GBP 24.1 billion (USD 34.7 billion) in 2008 and announced a major shift of non-profitable assets. RBS, which was RBS will cut 20,000 jobs, focus on old business Britain’s part-nationalised Royal Bank of Scotland (RBS) could make around 20,000 redundancies as it aims to focus on its core business, according to media reports. New Chief Executive Stephen Hester was to announce a culling Britains Royal Bank of Scotland (RBS) Britains Royal Bank of Scotland (RBS) on February 17 announced a drastic cut in bonus payments to staff, following intensive talks with the government on the vexed issue of cash bonuses, Deutsche Presse Agentur (dpa) Former Nasdaq head arrested, bilked investors of USD 50 billion  Roll over Charles Ponzi, you’re a piker compared to Bernie Madoff. At least that’s what American investigators are saying about the 70-year-old Madoff, former head of the Nasdaq stock exchange, who was arrested in New HBOS applies to its customers for a loan  Following Britain’s second-largest bank, RBS, the country’s biggest mortgage lender, the Halifax Bank of Scotland (HBOS), has now also asked shareholders to bolster its finances in the wake of the credit crunch. The Glasgow-based bank RBS looks to its customers for money  In another sign of the troubled times for banks hit hard by the fallout of the US subprime mortgage crisis, The Royal Bank of Scotland (RBS) has become Britain’s first major lender to ask shareholders The race for ABN Amro seems over … it goes to RBS  A consortium led by Britain’s Royal Bank of Scotland (RBS) announced on October 8 that it had won the six-month takeover battle for Dutch banking giant ABN Amro.The RBS consortium, which also includes Belgian-Dutch bank Barclays withdraws from race to control ABN Amro On October 5, Barclays bank withdrew from the battle for control ABN Amro. This comes after its ambitious bid was dented as much by lack of shareholder support as by falling share prices in the ABN Amro shares on the rise following higher bid  ABN Amro shares rose by 3.8 percent July 16 following the revised takeover bid announced by banking consortium Fortis NV, Royal Bank of Scotland (RBS) and Santander, Deutsche-Presse-Agentur (dpa) reported on July 16.Earlier that same PKO BP and NatWest join forces in the UK PKO BP recently inked an agreement with British bank NatWest aimed at offering banking services to hundreds of thousands of Polish emigres working in the UK. PKO BP President Rafal Juszczak was cited as saying Banking trio to present bid by mid-July  The Royal Bank of Scotland (RBS), Fortis and Banco Santander (BS) are due to publish their proposal for the ABN Amro takeover by mid-July, the banking trio said on June 22.The publication will launch the British-led consortium launches counter for ABN Amro  The battle for control of the ABN Amro NV entered a critical stage on May 31 after a European consortium unveiled a 71.1 billion Euro counter-takeover bid for the Netherlands biggest bank, Deutsche-Presse-Agentur (dpa) reported.Led ABN Amro denies planned sale of Banco Real ABN Amro and Barclays on May 21 denied rumours of a planned sale of any ABN Amro subdivisions, including Brazilian Banco Real, Deutsche-Presse-Agentur (dpa) reported.Barclays board president John Varley denied the banks were talking about ABN Amro rejects bid for LaSalle offshoot, shares drop The Netherlands’ biggest bank, ABN Amro Holding NV, said May 6 it had rejected an 18 billion Euro takeover bid for its US offshoot LaSalle Bank from a consortium of banks led by Royal Bank RBS-led consortium says it will make bid for ABN Amro A European consortium led by the Royal Bank of Scotland (RBS) confirmed April 27 that it will make a rival takeover offer for Dutch bank ABN Amro despite the leading Netherlands’ bank having agreed a Kamppi sold to Boultbee and RBS for 345 mln Euro Finnish builder SRV said in a statement last Wednesday that with affiliate Pontos and through their subsidiaries, it had sold Helsinki’s Kamppi shopping centre to Britain’s Boultbee Construction and Royal Bank of Scotland (RBS) for Royal Bank of Scotland pursuing ABN Amro: report Talk over British rival Royal Bank of Scotland (RBS) taking over ABN Amro, the biggest bank in the Netherlands, has surfaced, International Herald Tribune reported recently. Once the news got out, ABN Amro’s shares rose. |
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