FSA faces calls to publish details of investigation into RBS and Goodwin December 5, 2010 THE Chancellor is considering changing a law which the Financial Services Authority (FSA) has blamed for preventing it from publishing the findings of its investigation into Royal Bank of Scotland (RBS) and its former chief executive Sir Fred Goodwin. George Osborne could announce an investigation into the Financial Services and Markets Act (FSMA) as early [...]
What the other papers say this morning January 16, 2011 FINANCIAL TIMES RBS DIRECTOR TO STEP DOWN FROM BOARD One of the last Royal Bank of Scotland directors to remain on the bank’s board from the days of Sir Fred goodwin is poised to step down from his role. Colin Buchan, 56, a former UBS investment banker who until recently was chairman of RBS’s remuneration [...]
What the other papers say this morning January 16, 2011 FINANCIAL TIMES RBS DIRECTOR TO STEP DOWN FROM BOARD One of the last Royal Bank of Scotland directors to remain on the bank’s board from the days of Sir Fred goodwin is poised to step down from his role. Colin Buchan, 56, a former UBS investment banker who until recently was chairman of RBS’s remuneration [...]
FTSE dampened by commodities and banks January 14, 2011 LONDON eased to a close just over the 6,000 mark after stronger Wall Street sentiment failed to shake off concerns over China’s monetary policy tightening. The FTSE 100 ended down 21.81 points, or 0.4 per cent, at 6002.07, having closed 0.4 per cent lower yesterday, pulled lower by commodity stocks and banks. China’s central bank [...]
FTSE dampened by commodities and banks January 14, 2011 LONDON eased to a close just over the 6,000 mark after stronger Wall Street sentiment failed to shake off concerns over China’s monetary policy tightening. The FTSE 100 ended down 21.81 points, or 0.4 per cent, at 6002.07, having closed 0.4 per cent lower yesterday, pulled lower by commodity stocks and banks. China’s central bank [...]
Bernstein: I need to see a plan for JJB December 5, 2010 RICHARD Bernstein, a director of JJB Sports’ second biggest shareholder, needs to be convinced that the firm has a viable recovery plan before he will stump up for his share of a planned £100m rescue rights issue, he told City A.M. yesterday. “We’re looking to put in money if we were asked, provided there’s a [...]
Bernstein: I need to see a plan for JJB December 5, 2010 RICHARD Bernstein, a director of JJB Sports’ second biggest shareholder, needs to be convinced that the firm has a viable recovery plan before he will stump up for his share of a planned £100m rescue rights issue, he told City A.M. yesterday. “We’re looking to put in money if we were asked, provided there’s a [...]
Goldman earnings prompt FTSE sell-off January 19, 2011 A surprisingly sharp sell-off on the FTSE this afternoon pushed the index below the 6,000 mark, to close down 79.73 points or 1.32 per cent, at 5,976.70. A bigger than expected fall in earnings at leading US investment bank Goldman Sachs sparked a rout among investors across all sectors. Earlier in the day, more bad [...]
Intermediate Capital on the hunt for banking sector assets November 23, 2010 BUYOUT lender Intermediate Capital Group said it would stay on the lookout for investment opportunities as banks, weakened by the debt crisis, look to shed assets. In August, Intermediate Capital bought a €1.4bn (£1.2bn) portfolio of European loans from Royal Bank of Scotland, and the company said yesterday that the sector would throw up further [...]
Living the life of a laird in a private Scottish stronghold August 7, 2011 ACKERGILL Tower is the sort of place that ought to have a permanent backdrop of lighting forks and thunderclaps. An asymmetrical block of granite turrets and chimneys, it’s a brooding, lonely obelisk that pierces the flat coastal landscape at Scotland’s most northerly tip. John O’Groats is just up the road, the next headland over is [...]