RBS signs up for toxic asset protection
Financial Times (Free subscription) | 11/28/2009
Royal Bank of Scotland signs the final agreement to formally enter the government's scheme next month, paving the way for £240bn of toxic assets to be insured
Royal Bank of Scotland
4Vote!
5Vote!
RBS Signs U.K. Asset Protection Scheme
The Street (Free subscription) | 11/27/2009
The agreement formally increases the government stake in Royal Bank of Scotland to 84% from 70%.
Explore : Finance
Videos
4Vote!
Europe shares extend previous session's sharp drop
Market Watch (Free subscription) | 11/27/2009
LONDON (MarketWatch) -- European shares dropped in early trading on Friday, extending sharp losses from the previous session when investors reacted to news that Dubai World has asked to postpone debt. Banks dropped again, with HSBC Holdings shares down another 3.5%, as investors continued to worry about lenders' exposure to the region. Royal Bank of Scotland shares fell 9.1% and Lloyds Banking Group...
5Vote!
RBS signs accession agreement over U.K. APS scheme
Market Watch (Free subscription) | 11/27/2009
LONDON (MarketWatch) -- The Royal Bank of Scotland said Friday that it has signed an accession agreement to the U.K government's asset protection scheme on the terms that were announced earlier in November. The agreement is subject to a number of conditions, including approval by shareholders and final approval by the European Commission. Under its agreement with the Treasury, RBS will issue 25.5...
4Vote!
European banks may face exposure to Dubai losses
Market Watch (Free subscription) | 11/26/2009
LONDON (MarketWatch) -- Analysts at Credit Suisse estimated Thursday that European banks they cover could have exposure of around 13 billion euros ($19.6 billion) to Dubai. The broker said a 50% loss on the exposure would be equivalent to around a 5% increase in provisions in 2010 or a hit of around 5 billion euros after tax for the European banking sector as a whole. Analysts cautioned that the numbers...
3Vote!
Lloyds investors 'mugged' over HBOS deal
Financial Times (Free subscription) | 11/25/2009
Alistair Darling, the chancellor, was forced to defend the £62bn in secret loans given to HBOS and RBS last year as parliamentary critics of the deal attacked the revelation
4Vote!
FXDD Announces Expansion into New Offices at 7 World Trade Center
PR News Wire (Free subscription) | 11/25/2009
NEW YORK, Nov. 25 /PRNewswire/ -- FXDD is proud to announce the acquisition of a magnificent new office space at 7 World Trade Center. The column-free 41,000 square foot space that makes up the entire 32nd floor is ideal for significant business operations expansion. FXDD now has a 13-year sublease on the space from ABN AMRO, which never moved in due to its takeover by the Royal Bank of Scotland.
6Vote!
BOE Provided Loans to RBS, HBOS
Law Blog - WSJ.com (Free subscription) | 11/24/2009
The Bank of England said it provided emergency loans, which peaked at $102.37 billion in total, to RBS and HBOS at the height of the financial crisis last year.
Explore : Finance
8Vote!
Top 10 Analyst Upgrades, Downgrades, Initiations (ATVI, AMLN, CEPH, CEO, ERTS, EXPE, PCLN, PRU, TIF, UNP)
24/7 Wall St. (Free subscription) | 11/24/2009
These are this Tuesday morning’s top 10 analyst upgrades, downgrades, and initiations we have seen early this morning in Wall Street research calls: Activision Blizzard (NASDAQ: ATVI) Started as Outperform at Wells Fargo. Amylin Pharmaceuticals (NASDAQ: AMLN) Raised to Overweight at Barclays. Cephalon (NASDAQ: CEPH) Raised to Buy at Jefferies. CNOOC (NYSE: CEO) Started as Sell at RBS. Electronic...
3Vote!
Rockspring buys distressed RBS assets
Financial Times (Free subscription) | 11/22/2009
The property fund manager, agrees to buy a portfolio of UK industrial properties from Royal Bank of Scotland, in one of the first deals to take distressed assets from a UK lender
8Vote!
Should TARP Recipients Fund Foreign Business Takeovers Of US Firms?
24/7 Wall St. (Free subscription) | 11/22/2009
The Royal Bank of Scotland (NYSE:RBS) has had Cadbury as a corporate client for decades. The financial firm agreed to help fund Kraft’s (NYSE:KFT) potential buy-out of Cadbury. RBS’s ownership is currently controlled by the UK government. A number politicians have raised the issue of why a bank which the British taxpayers own in large part [...]
4Vote!
RBS offers new first-time buyer deals
Financial Times (Free subscription) | 11/20/2009
Royal Bank of Scotland's intermerdiary arm has launched two new first-time buyer products offering a maximum loan-to-value of 90 per cent
4Vote!
Turkey cuts key lending rate to 6.5%
Market Watch (Free subscription) | 11/19/2009
SAN FRANCISCO (MarketWatch) -- Turkey's central bank late Thursday cut its overnight lending rate by a quarter percentage point, to 6.5%, in line with economists' expectations. RBS emerging markets strategist Timothy Ash said the data flow preceeding the monetary policy meeting has continued to support the bank's "current easing bias, with limited evidence of a marked uptick in economic activity."...
4Vote!
3Delta Systems Certifies with RBS WorldPay
Payment News (Free subscription) | 11/19/2009
3Delta Systems has announced that it has been certified to directly process electronic payment transactions with RBS WorldPay. RBS WorldPay offers merchants an range of payment processing solutions – from face-to-face to online, servicing all sizes and sectors of business. “Merchants expect state-of-the-art technology, security, reliable connectivity and the lowest processing rates when...
4Vote!
Edinburgh's Financial Fringe Festival
Forbes (Free subscription) | 11/18/2009
The Scottish financial hub is on the decline after the bailouts of Royal Bank of Scotland and HBOS.