WHAT THE OTHER PAPERS SAY THIS MORNING November 8, 2010 FINANCIAL TIMES MERKEL WARNS ON PROTECTIONISM The greatest danger facing the global economy is a return to trade protectionism, Angela Merkel, German chancellor, has warned ahead of this week’s meeting of global leaders in Seoul. In an interview with the FT Merkel suggested that China must be persuaded with “facts and benchmarks” to set a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 8, 2010 FINANCIAL TIMES MERKEL WARNS ON PROTECTIONISM The greatest danger facing the global economy is a return to trade protectionism, Angela Merkel, German chancellor, has warned ahead of this week’s meeting of global leaders in Seoul. In an interview with the FT Merkel suggested that China must be persuaded with “facts and benchmarks” to set a [...]
FSA hauls in bank execs over bonuses September 23, 2010 TOP officials from Britain’s largest banks have met at the Financial Services Authority (FSA) to discuss the regulator’s proposed crackdown on banker’s bonuses and pay. Last month heads of remuneration from each of the top banks met at the financial watchdog to discuss ways in which the banks would adhere to the revised remuneration code, [...]
Connaught “on brink of administration” September 7, 2010 Connaught, the property services group that specialises in social housing, is on the brink of going into administration, the BBC has reported. The company, which employs 10,000 people, has suspended trading of its shares, and said a further announcement would be made “in due course”. Connaught has £220m of debt, provided by six banks and [...]
ING and RBS?agree debt deal for Singapore petrochemical project September 14, 2010 ING and Royal Bank of Scotland have launched a much delayed £1bn debt restructuring deal to help fund construction of Singapore’s Jurong Aromatic Corporation’s (JAC) petrochemicals project. The project is now expected to commence operations in 2014 with construction beginning next year. Talks over financing started last year but progress was delayed by poor market [...]
THIRD BIDDER IN LIVERPOOL FIGHT October 12, 2010 AMERICAN hedge fund Mill Financial has emerged as a third bidder for Liverpool FC as the High Court prepares to rule on the bitter war over the football club’s ownership this morning. Mill Financial’s offer includes the promise to repay the £200m owed by Liverpool owners Tom Hicks and George Gillett to the Royal Bank [...]
What the other papers say this morning February 28, 2011 FINANCIAL TIMES NORTHERN ROCK TO OFFER 90 PER CENT MORTGAGES Northern Rock is poised to launch a range of mortgages offering up to 90 per cent of a property’s value, marking the nationalised bank’s return to riskier lending three years after its collapse and government bail-out. The lossmaking lender could make the new high loan-to-value [...]
What the other papers say this morning February 28, 2011 FINANCIAL TIMES NORTHERN ROCK TO OFFER 90 PER CENT MORTGAGES Northern Rock is poised to launch a range of mortgages offering up to 90 per cent of a property’s value, marking the nationalised bank’s return to riskier lending three years after its collapse and government bail-out. The lossmaking lender could make the new high loan-to-value [...]
Administration just isn’t an option for Reds, says Purslow September 22, 2010 LIVERPOOL managing director Christian Purslow has dismissed suggestions that the club could be plunged into administration – while revealing there are a “small number of parties” exploring the possibility of taking over at Anfield. Reds co-owners Tom Hicks and George Gillett put the club up for sale back in April but are yet to receive [...]
FSA fines RBS £5.6m over risk controls August 3, 2010 THE Financial Services Authority (FSA) fined Royal Bank of Scotland £5.6m for major breaches in its risk controls which could have facilitated terrorist financing. The FSA said that RBS, which is 83 per cent-owned by the British government, did not have adequate systems and controls in place to prevent breaches of UK financial sanctions. “By [...]