NESV gets go ahead for Liverpool deal October 15, 2010 Tom Hicks and George Gillett have lifted the restraining order preventing the Royal Bank of Scotland from completing the sale of Liverpool FC – but claimed they had been victims of an “epic swindle”. The pair said they would claim $1.6bn in compensation. However, New England Sports Ventures – which owns the Boston Red Sox [...]
NESV gets go ahead for Liverpool deal October 15, 2010 Tom Hicks and George Gillett have lifted the restraining order preventing the Royal Bank of Scotland from completing the sale of Liverpool FC – but claimed they had been victims of an “epic swindle”. The pair said they would claim $1.6bn in compensation. However, New England Sports Ventures – which owns the Boston Red Sox [...]
Post Office to serve banks’ customers November 9, 2010 Royal Bank of Scotland (RBS) and NatWest customers will be able to access current and business accounts at Britain’s 12,000 post offices after the government ditched plans for a state-backed Post Office bank. The agreement means post offices will provide services for 80 per cent of current accounts in Britain, postal affairs minister Edward Davey [...]
Post Office to serve banks’ customers November 9, 2010 Royal Bank of Scotland (RBS) and NatWest customers will be able to access current and business accounts at Britain’s 12,000 post offices after the government ditched plans for a state-backed Post Office bank. The agreement means post offices will provide services for 80 per cent of current accounts in Britain, postal affairs minister Edward Davey [...]
MUFG buys RBS project finance book November 15, 2010 BANK of Tokyo-Mitsubishi UFJ said yesterday it had agreed to buy a project finance loan book owned by Royal Bank of Scotland (RBS) for £3.8bn. Earlier this month City A.M. reported RBS had entered into talks with the subsidiary of Japan’s Mitsubishi UFJ (MUFG) Financial Group over the possible sale of the book which includes [...]
RBS finalises WorldPay sale December 1, 2010 Royal Bank of Scotland (RBS) finalised the sale of its WorldPay business yesterday, while new owners Advent International and Bain Capital pledged to invest £200m in the payment processing firm. The EU-enforced sale of the £2bn business, agreed in August, leaves RBS with a 20 per cent stake in the company. Advent and Bain promised [...]
FTSE rebounds but Wall St fall goes on May 24, 2011 UK stocks rebounded today as miners regained ground after grim falls yesterday, though final gains were small. The FTSE 100 ended the session 0.4 per cent higher at 5,858.41 but recorded a high of 5,884.66 in the day’s trading as investor confidence returned. Bargain hunters moved in on miners, which recovered along with metals prices [...]
FTSE rebounds but Wall St fall goes on May 24, 2011 UK stocks rebounded today as miners regained ground after grim falls yesterday, though final gains were small. The FTSE 100 ended the session 0.4 per cent higher at 5,858.41 but recorded a high of 5,884.66 in the day’s trading as investor confidence returned. Bargain hunters moved in on miners, which recovered along with metals prices [...]
RBS hires £2m legal win banker October 31, 2010 ROYAL Bank of Scotland (RBS) has hired the former Dresdner Kleinwort banker who became a controversial City figurehead after suing his employer for refusing to pay him a bonus. John McIntyre, who won close to £2m after taking his fight to the courts, will join RBS as head of corporate finance for Europe, Africa and the [...]
Banks give FTSE a boost as pre-Christmas rally continues December 22, 2010 BRITAIN’S leading share index pushed higher yesterday, supported by gains from banks as reports China is ready to buy Portuguese bonds eased European debt concerns. At the close, the FTSE 100 was up 31.69 points, or 0.5 per cent, at 5,983.49, edging ever closer towards the 6,000 level last seen in June 2008. The blue [...]