RBS to issue new securities September 13, 2010 ROYAL Bank of Scotland (RBS) yesterday marked the clearest sign yet that the UK banking sector is emerging from the financial crisis. The banking giant will issue £4.7bn of securities backed by mortgages in the first move of its kind since the onset of the financial crisis. The issuance is a vital step for the [...]
RBS to issue new securities September 13, 2010 ROYAL Bank of Scotland (RBS) yesterday marked the clearest sign yet that the UK banking sector is emerging from the financial crisis. The banking giant will issue £4.7bn of securities backed by mortgages in the first move of its kind since the onset of the financial crisis. The issuance is a vital step for the [...]
Hester to join commission’s public debate September 26, 2010 STEPHEN Hester, the chief executive of the Royal Bank of Scotland, at the weekend became the first of the UK’s biggest bank bosses to commit to playing a role in the independent banking commission’s upcoming public debates. The debates, five of which will be held before the New Year, are designed to engage the general [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 7, 2010 FINANCIAL TIMES DHL CHIEF PROMISES ACTION OVER BOMB FEARS The head of one of the three big air-express companies has reacted to the parcel bombs sent from Yemen and Greece by pledging better screening of customers and packages before they reach airports. “What we need to do is improve surveillance at the pick-up point, have [...]
Santander’s £20bn London float on hold September 19, 2010 SPANISH banking giant Santander could delay a planned £20bn flotation of its UK business on the stock market until the Spring due to uncertainty over the economy. The bank’s six acquisitions in the last four months and new capital rules have fuelled speculation the bank will spin off its UK arm his Autumn but a [...]
RBS kicks off £1bn Priory sale August 24, 2010 Royal Bank of Scotland has started the sale of the Priory Group, the mental-health specialist which it hopes could fetch about £1bn. RBS, which is being advised by Rothschild, has given bidders until mid-September to submit indicative offers. RBS abandoned plans to list Priory earlier this year. Advent International, Bain Capital, Blackstone Group, Carlyle Group, [...]
Owners may yet halt deal October 6, 2010 LIVERPOOL’S sale to American group New England Sports Ventures could be delayed or even derailed by a legal challenge from current owners Tom Hicks and George Gillett, sports business experts warned last night. Reds chairman Martin Broughton is adamant the board has the right to sell the club to John Henry’s NESV for £300m, even [...]
Chequing in with the best November 4, 2010 In a wonderful example of stating the obvious, the Office of Fair Trading yesterday published evidence that retail banking in Britain isn’t very competitive. For most people, that will probably come as no surprise. Though customer service has been getting better in almost every other industry, in retail banking limited weekend opening hours, unhelpful call [...]
WE’LL LEAVE YOU DEBT-FREE October 6, 2010 LIVERPOOL’S prospective owners New England Sports Ventures last night eased supporters’ fears by promising their takeover will leave the club debt-free. The American group, led by hedge fund millionaire and Boston Red Sox owner John Henry, have pledged that their estimated £300m bid will wipe out any existing debt at Anfield. And, crucially, they have [...]
Unite: Finance jobs face axe September 14, 2010 OVER 100,000 jobs have been lost in the financial services sector during the last three years with continuing fears by trade union Unite that a “significant” number of jobs are still at risk, despite reports from the UK’s major recruiters that financial services personnel are high in demand. Unite has warned over dangers that a [...]