Guy Hands looks to buy RBS aircraft finance wing July 10, 2011 GUY Hands is keen to swoop on Royal Bank of Scotland’s aircraft financing division with a £4bn bid. The financier wants to merge RBS Aviation Capital with Awas, the plane leasing firm owned by his investment fund Terra Firma. If he pulls off the acquisition, his jet hire business would be the third biggest in [...]
CITY MOVES | WHO’S SWITCHING JOBS August 15, 2011 RBC Capital Markets The corporate and investment banking arm of Royal Bank of Canada has promoted Harry Samuel (pictured) from global co-head of fixed income and currencies and global head of treasury services to chief executive officer, Europe. David Thomas, global head of technology and operations, has been promoted to chief operating officer, Europe. Samuel [...]
CITY MOVES | WHO’S SWITCHING JOBS August 15, 2011 RBC Capital Markets The corporate and investment banking arm of Royal Bank of Canada has promoted Harry Samuel (pictured) from global co-head of fixed income and currencies and global head of treasury services to chief executive officer, Europe. David Thomas, global head of technology and operations, has been promoted to chief operating officer, Europe. Samuel [...]
RBS warns of tough bond markets July 21, 2011 The second-quarter earnings of Royal Bank of Scotland’s global banking and markets business will reflect the weakness in fixed-income markets due to debt woes in the euro zone, an executive said, warning bond markets will remain tough in the third quarter. The comments come a few days before RBS, 83 per cent owned by the [...]
RBS warns of tough bond markets July 21, 2011 The second-quarter earnings of Royal Bank of Scotland’s global banking and markets business will reflect the weakness in fixed-income markets due to debt woes in the euro zone, an executive said, warning bond markets will remain tough in the third quarter. The comments come a few days before RBS, 83 per cent owned by the [...]
US regulators sue RBS over mortgage securities July 19, 2011 Royal Bank of Scotland is facing a second lawsuit from US credit union regulators accusing it of misrepresenting mortgage backed securities that it sold. The latest lawsuit filed by the National Credit Union Administration against RBS Securities Inc seeks over $629m (£391m) in damages, NCUA said in a statement on Monday. The allegations stem from [...]
A rally in commodities gives a rare fillip to the FTSE 100 September 6, 2011 A RALLY by hard-pressed commodity issues hauled Britain’s top share index higher yesterday as investors fished choppy waters for bargains after sharp falls in the past two sessions. At the close, the FTSE 100 index was up 54.26 points, or 1.1 per cent, at 5,156.84, having hit a peak of 5,190.2 in the morning and [...]
A rally in commodities gives a rare fillip to the FTSE 100 September 6, 2011 A RALLY by hard-pressed commodity issues hauled Britain’s top share index higher yesterday as investors fished choppy waters for bargains after sharp falls in the past two sessions. At the close, the FTSE 100 index was up 54.26 points, or 1.1 per cent, at 5,156.84, having hit a peak of 5,190.2 in the morning and [...]
Industrial policies are doomed to fail March 6, 2012 SLOWLY but surely, the British establishment is forgetting the lessons of the past 35 years. We have seen the return of high taxes, a softer approach to inflation, talk of wealth taxes (eerily similar to those supported by the Labour party in 1979), the rationalisation of envy and now even a comeback for economic nationalism. [...]
Industrial policies are doomed to fail March 6, 2012 SLOWLY but surely, the British establishment is forgetting the lessons of the past 35 years. We have seen the return of high taxes, a softer approach to inflation, talk of wealth taxes (eerily similar to those supported by the Labour party in 1979), the rationalisation of envy and now even a comeback for economic nationalism. [...]