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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: Royal Bank of Scotland

Royal Bank of Scotland stories: 22 news summaries

1 - 20 of 22 Stories | 1 2 Next >>

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British MPs Blast Bankers
For 'Astonishing Mess'

Report by finance committee blames HBOS, RBS for meltdown

May 1, 09 7:31 AM CDT
(Newser) - Bankers bear the majority of blame for the global economic crisis for having made "an astonishing mess of the financial system," an investigation by the British parliament's finance committee has concluded. The Treasury Select Committee said in a report that bailed-out banks such as HBOS and Royal Bank... More »

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British Parliament • Royal Bank of Scotland • HBOS • banks • financial crisis • economic crisis • RBS

MARKETS

 Asian Shares 
 Surge, Europe 
 Opens Up 

Taiwan leads regional exchanges sharply higher

Apr 30, 09 4:34 AM CDT
(Newser) - Asian shares jumped today and European markets opened strongly, as good political and economic news encouraged investors. The Taiwan Stock Exchange rocketed 6.8% amid talk that mainland Chinese investors will be allowed to invest in the market, while in Tokyo the Nikkei closed up 4%. In London the FTSE ... More »

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Taiwan • Royal Bank of Scotland • Nikkei • Asian markets • FTSE • cross-Strait relations

analysis

G20 Protest Proves More Lark Than Bite

Some London violence, but festive, 'street party' atmosphere prevails

Apr 1, 09 3:51 PM CDT
(Newser) - Several broken windows aside, the G20 protests are shaping up to be more street party than angry mob, Time reports. Unlike traditional, oft-violent British protests, this one is intended to be “a peaceful and fun street party,” organizers say. Indeed, while some anarchists chucked beer cans at cops,... More »

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London • Royal Bank of Scotland • protests • Bank of England • G20 • protesters • anarchists

 Vandals Target Former 
 RBS Boss, Vow Further Action 

Goodwin target of public outrage over his pension

Mar 25, 09 1:10 PM CDT
(Newser) - After the Edinburgh home of the former boss of the Royal Bank of Scotland was vandalized last night, an unknown group is warning of further attacks on financial figures, the Scottish Daily Record reports. Sir Fred Goodwin has been the focus of controversy since he took early retirement—complete with... More »

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pensions • Royal Bank of Scotland • vandalism • Britain • populism • bailout • bankers • Fred Goodwin • financial crisis • RBS

RBS Posts $34B Loss, Biggest
in UK History,
Gets 2nd Bailout

British taxpayer may soon own 95% of bank

Feb 26, 09 6:03 AM CST
(Newser) - The Royal Bank of Scotland today announced an annual loss of $34.3 billion, the largest in British corporate history, and the Treasury said it would inject another $36 billion into the troubled bank. The UK government already owns 70% of RBS, a figure that could now rise to 95%,... More »

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United Kingdom • Royal Bank of Scotland • nationalization • Britain • bailout • financial crisis • recapitalization

MARKETS

 Dow Falls 105 on Banks, Tech 

Jobs and housing data also dismal

Jan 22, 09 3:23 PM CST
(Newser) - Poor economic data and turmoil in the banking and tech sectors pushed stocks lower today, MarketWatch reports. Bank of America fell 13.3% after CEO Ken Lewis dismissed John Thain amid mounting losses in the wake of BoA’s merger with Merrill Lynch. The Dow closed down 105.30 at... More »

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insurance companies • eBay • Bank of America • Dow Jones • Royal Bank of Scotland • Nokia • Nasdaq • S&P 500

MARKET Open

 Stocks Fall as Bank Woes 
 Trump Obama Hope 

Royal Bank of Scotland's troubles ripple across Atlantic

Jan 20, 09 9:03 AM CST
(Newser) - Any excitement on Wall Street about Barack Obama’s inauguration was drowned out this morning by worries over Europe’s banking sector, the Journal reports. The Dow dropped more than 110 points, while the Nasdaq and S&P dropped 2% and 2.2% respectively. Those tumbles track drops in Europe... More »

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stock market • United Kingdom • Royal Bank of Scotland • Nasdaq • Dow • Bank of England • financial sector • S&P 500 • financial crisis • State Street • Regions Financial

 Nationalization Looms for 
 Royal Bank of Scotland 

Lack of faith in government's bank bailout plans sparks investor stampede

Jan 20, 09 4:51 AM CST
(Newser) - One of Britain's biggest banks is on the verge of nationalization, reports the Daily Telegraph. The Royal Bank of Scotland's shares plummeted more than 65% yesterday after it revealed massive losses of $56 billion for 2008—the highest in British history. The government has upped its stake in the bank... More »

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United Kingdom • Royal Bank of Scotland • nationalization • bank • Britain • bailout • financial crisis

UK Rolls Out Another Bank Bailout, Tightens Controls

New package increase its control over banks, insures troubled assests

Jan 19, 09 7:44 AM CST
(Newser) - The British government today rolled out a new bank rescue plan that includes $147 billion to insure troubled mortgage assets, reports the New York Times. It also offers an additional $73.5 billion to the Bank of England to buy up struggling banks’ “high-quality assets” to insure credit lines... More »

MORE ABOUT:
Gordon Brown • Royal Bank of Scotland • bailout • banking industry • financial crisis

More Banks, Celebs Losers
in Madoff Scam

BNP Paribas, RBS join charities of Spielberg, Wiesel as Ponzi victims

Dec 15, 08 10:20 AM CST
(Newser) - Bernard Madoff’s alleged Ponzi scheme, which federal investigators say cost investors $50 billion, continues to claim more victims, reports the Wall Street Journal. Spain’s Grupo Santander and France’s BNP Paribas said yesterday they’re on the list, as are charities involving Nobel laureate Elie Wiesel and director... More »

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Steven Spielberg • Royal Bank of Scotland • UBS • SEC • BNP Paribas • HSBC • Banco Santander • Ponzi scheme • securities fraud • Mortimer Zuckerman • Nomura Holdings • Frank Lautenberg • Bernard Madoff • Elie Wiesel

Britain Now Owns Majority Share of RBS

Failed rights issue leaves banking giant in taxpayer hands

Nov 28, 08 6:44 AM CST
(Newser) - The Royal Bank of Scotland, one of the giants of British banking, confirmed today that taxpayers now own a majority share following a $30 billion government bailout, reports the Guardian. The country's No. 2 bank failed to raise sufficient cash via a $22.5 billion rights issue, with only 1... More »

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United Kingdom • Royal Bank of Scotland • bank • Britain • stock offering • bailout

UK Props Up Major Banks; Fed Offers Cash

Moves to shore up financial system have global markets rising

Oct 13, 08 7:08 AM CDT
(Newser) - Governments across the globe are acting with “an enormous amount of congruence” and speed as they pour billions of dollars into rescue plans hoping to keep a sinking banking system afloat, reports the Wall Street Journal. The British government today provided $60 billion to prop up 3 banks, and... More »

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Europe • Nicolas Sarkozy • Federal Reserve • Gordon Brown • Royal Bank of Scotland • credit crisis • bailout • HBOS • financial crisis • Lloyds TSB

Barclays Seeks Liquidity With $8.85B Offering

More than half will be bought by Qatari, Japanese investors

Jun 25, 08 8:45 AM CDT
(Newser) - Add Barclays to the ranks of banks that are floating new shares in an effort to restore liquidity in the lingering wake of the subprime debacle, reports the AP. Barclays will offer up $8.85 billion in shares—with large stakes being purchased by Japanese bank Sumitomo Mitsui and the... More »

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Barclays • Royal Bank of Scotland • liquidity • subprime crisis • stock offering • Qatar Investment Authority • Sumitomo Mitsui

 Latest Credit Victim
 RBS Seeks $24B 

UK's 2nd-largest bank faces severe cash shortfall

Apr 18, 08 9:34 AM CDT
(Newser) - Royal Bank of Scotland is preparing to issue new stock after conceding it was facing serious cash flow problems. After consulting with the Treasury and the nation's financial oversight authority, Britain's second-largest bank is planning a rights issue for around $24 billion to rebuild its capital reserves. The move may... More »

MORE ABOUT:
United Kingdom • Royal Bank of Scotland • credit crisis • Financial Services Authority • ABN Amro • Fred Goodwin

Clear Channel, Buyers Sue Banks Over Soured Deal

Equity firms claim lenders backtracked on financing takeover of broadcast giant

Mar 26, 08 6:02 PM CDT
(Newser) - The two private-equity firms set to buy Clear Channel sued the group of banks they had engaged to fund the deal, the Wall Street Journal reports. Joined by Clear Channel, Bain Capital and Thomas H. Lee Partners accused the consortium—including Citigroup, Deutsche Bank, and Wachovia—of breaching contract by... More »

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private equity • Citigroup • Credit Suisse • Royal Bank of Scotland • mergers and acquisitions • Clear Channel • Bain Capital • Thomas H. Lee Partners • leveraged buyouts • Morgan Stanley • Deutsche Bank

SEC Opens ABN Amro Insider Trading Probe

European banks' transactions ahead of merger under scrutiny

Jan 23, 08 11:42 AM CST
(Newser) - The US Securities and Exchange Commission has opened an inquiry into possible insider trading surrounding last year's takeover of Dutch bank ABN Amro. Holland's Financieele Dagblad reports that Fortis, Barclays, Santander, and Royal Bank of Scotland—which eventually won the bidding—have been asked for information about trading in ABN... More »

MORE ABOUT:
insider trading • Barclays • Royal Bank of Scotland • mergers and acquisitions • SEC • Banco Santander • ABN Amro • Fortis

World's Biggest Bank Deal Ends in Breakup

For $101B, RBS-led consortium wins Dutch giant ABN Amro

Oct 5, 07 8:15 AM CDT
(Newser) - After months of counteroffers, court cases and credit crises, the battle to buy Dutch banking giant ABN Amro concludes today, with a break-up of the bank. The Wall Street Journal reports that a three-bank consortium led by the Royal Bank of Scotland will almost certainly win ABN Amro shareholders' approval... More »

MORE ABOUT:
ABN AMRO • Royal Bank of Scotland • mergers and acquisitions

Banks Go Dutch on ABN Buy

Royal Bank of Scotland consortium expected to succeed with hostile bid

Sep 14, 07 5:33 AM CDT
(Newser) - The race to buy Dutch bank ABN Amro is in the final stage—with a consortium led by the Royal Bank of Scotland apparently on the inside track ahead of  Barclays. The consortium has already won agreement from ABN and the Dutch government, but has yet to raise the $99... More »

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Bank of America • Barclays • ABN AMRO • Royal Bank of Scotland • Merrill Lynch • John Varley • Fortis NV • Banco Santander • Rijkman Groenink

Barclays Selling Stake to Fund  Bank Battle

10% stake, worth up to $9.6B, could sweeten offer for ABN Amro

Jul 23, 07 5:56 AM CDT
(Newser) - Barclays Bank is poised to sell a significant piece of itself to fund its bitterly contested takeover battle for Dutch bank ABN Amro, the Wall Street Journal reports. Barclays is close to a deal with Singapore's government-owned investment firm Temasek Holdings and another investor. A 10% stake is worth up... More »

MORE ABOUT:
Barclays • ABN AMRO • Royal Bank of Scotland

RBS Consortium Renews Bid
for ABN Amro

$96B offer dwarfs Barclays proposal,
but legal woes persist

May 29, 07 9:02 AM CDT
(Newser) - Refusing to take no for an answer, a coalition led by Royal Bank of Scotland today submitted a renewed $95.6 billion bid for ABN Amro. The offer overshadows a competing $86 billion offer from Barclays, but legal wrangling over the sale of LaSalle Bank continues to bog down the... More »

MORE ABOUT:
Barclays • ABN AMRO • Royal Bank of Scotland • LaSalle Bank • merger • bank • acquisition

1 - 20 of 22 Stories | 1 2 Next >>


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