RBS moves to cut overdraft charge in half September 7, 2009 ROYAL Bank of Scotland has broken ranks with competitors by slashing charges on customers who go overdrawn without agreement or exceed their overdraft limit. From 1 October, RBS and subsidiary NatWest will slash the fee for returning a cheque, direct debit or standing order to £5, while the fee for paying an item on an [...]
RBS moves to cut overdraft charge in half September 7, 2009 ROYAL Bank of Scotland has broken ranks with competitors by slashing charges on customers who go overdrawn without agreement or exceed their overdraft limit. From 1 October, RBS and subsidiary NatWest will slash the fee for returning a cheque, direct debit or standing order to £5, while the fee for paying an item on an [...]
Why next year will be critical for London’s army of M&A dealmakers October 18, 2009 WHEN Tim Jones, the London managing partner of global law giant Freshfields Bruckhaus Deringer, walks into a room, one is immediately struck by the fact that he still looks every inch the Wales B rugby prop forward he used be. However, as he settles down in one of his firm’s sixth-floor, oak-panelled meeting room, he [...]
Insurers fail to lift the FTSE as investors await US results October 7, 2009 BRITAIN’S leading shares closed lower yesterday as falls in oil majors and food retailers offset gains in insurers as investors waited for the start of the earnings seasons in the US to give a fresh direction. The FTSE 100 closed down 29.08 points, or 0.6 per cent, at 5,108.90, after ending 2.3 per cent higher [...]
RBS IN SHARE ISSUE PLAN TO RAISE 4BN September 20, 2009 ROYAL Bank of Scotland is considering a share issue of £3bn-£4bn to reduce the government’s stake in the bank. The move would be a last-ditch bid to avoid seeing the government’s stake rise above 70 per cent following participation in the Asset Protection Scheme (APS). It would also see RBS joining Lloyds in the scramble [...]
RBS IN SHARE ISSUE PLAN TO RAISE 4BN September 20, 2009 ROYAL Bank of Scotland is considering a share issue of £3bn-£4bn to reduce the government’s stake in the bank. The move would be a last-ditch bid to avoid seeing the government’s stake rise above 70 per cent following participation in the Asset Protection Scheme (APS). It would also see RBS joining Lloyds in the scramble [...]
GOODWIN BACK ON HOME TURF August 17, 2009 SIR Fred Goodwin has been pictured strolling the streets near his £3m Edinburgh home for the first time since he fled the country for the South of France amid a blaze of public hatred earlier this year. City A.M. revealed last week that the disgraced former Royal Bank of Scotland chief executive is already looking [...]
Four Seasons to halve debt August 6, 2009 Care home operator Four Seasons Healthcare is closer to a £1.5bn agreement with creditors, which would halve its debt pile, following an about-turn by a group of hedge funds which had previously refused to give their support. An agreement is expected to be unveiled next week, and will see Royal Bank of Scotland become the [...]
Sir Fred Goodwin coming home August 9, 2009 Former Royal Bank of Scotland boss Sir Fred Goodwin is to return from his self-imposed exile in France this month.The 50-year-old fled with his family to the south of France four months ago when he was blamed for the near-collapse of the bank and criticised for his massive pension.But after his two children missed almost [...]
Sir Fred Goodwin coming home August 9, 2009 Former Royal Bank of Scotland boss Sir Fred Goodwin is to return from his self-imposed exile in France this month.The 50-year-old fled with his family to the south of France four months ago when he was blamed for the near-collapse of the bank and criticised for his massive pension.But after his two children missed almost [...]