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UK BANKING ROW: Crosby resigns from FSA
Sir James Crosby, the deputy chairman of City watchdog, the Financial Services Authority (FSA) has resigned. This is the man who sacked senior manager Paul Moore after raising concerns the bank was exposed to... RBS to axe 2,300 UK jobs as former boss says he is 'sorry'
The Royal Bank of Scotland (RBS) are to axe 2,300 office jobs, but said there will be no branch job loses. Former RBS chief executive Sir Fred Goodwin said that he "could not be more sorry" for what had happened to... Banks face pressure on rate cut
"Banks and building societies are coming under increasing pressure from MPs to pass on the latest cut in interest rates to their mortgage customers. Some of the major lenders made an immediate decision to pass on...European stock markets surge more than 5 per cent
European stock markets rebound in early deals on Monday, with London, Frankfurt and Paris each up more than five per cent. Stocks also soared more than five per cent in Zurich and Amsterdam after European leaders agreed to inject billions of dollars of... BANK CRISIS SHOCK: RBS Taken Over By UK Government
It has been revealed that ailing British banking giant,the RBS group, that includes Royal Bank of Scotland and National Westminster Bank plc (Natwest) is to be taken over by the British...
created by Christina 123 | 1 year ago | updated 1 year ago
1500 views | 53 recommendations | 11 comments
1500 views | 53 recommendations | 11 comments
Government Set to Takeover HBOS as Lloyds TSB Merger Flounders
THE government is set to make an announcement before the markets open this morning of a £49bn rescue package, which will in effect mean that the government becomes the majority shareholder in the HBOS group,...
created by Christina 123 | 1 year ago | updated 1 year ago
781 views | 10 recommendations | 2 comments
781 views | 10 recommendations | 2 comments
UK Bank Bailout Likely "on Monday"
The British Government may hand over bailout money as soon as tomorrow. The details of the £50 billion (US$100 bilion) plan are still not finalized, but emerging reports suggest that the government would assume... BRITISH BANKS BAILOUT: PM Gordon Brown to Address Nation 7:00am Tomorrow (Weds)
Prime Minister Gordon Brown is to announce a £50billion bailout package US-style to help floundering British Banks as shares fell disastrously today. HBOS shares were down a whopping 42% after such a good...
created by Christina 123 | 1 year ago | updated 1 year ago
200 views | 10 recommendations | 3 comments
200 views | 10 recommendations | 3 comments
HBOS Shares Rally Well as Backers Express Confidence in Lloyds TSB Merger
HBOS shares have rallied for the second day running as investors express their confidence in the Loyds TSB merger deal, with the backing of Prime Minister Gordon Brown. After dropping by 20% on Tuesday the share price has gained 21% yesterday and another 10%...HBOS Shares Slump Sparking Fears of Merger Fall- Through
THERE were fears for the solidity of the HBOS-Lloyds TSB Group merger package today as HBOS share slumped another 20% sparking off speculation that the banking group needs to be revalued. Gordon Brown...LONDON: FTSE Rallies Slightly in Rescue Plan Hope after Timorous Tuesday
FTSE's fortune was not as bad as had been feared, after hopes began to rise that the US lawmakers will mange to collate a rescue package in the "Bailout" crisis. ...
created by Christina 123 | 1 year ago | updated 1 year ago
144 views | 7 recommendations | 7 comments
144 views | 7 recommendations | 7 comments
IT Fallout of the Wall Street Crash
Wall Street's banking giants seek out the best computer equipment and the most robust networks that (lots and lots of ) money can buy. Now, as Lehman Bros and Merrill Lynch prepare for takeover, their IT...
created by Jordan Yerman | 1 year ago | updated 1 year ago
247 views | 15 recommendations | 4 comments
247 views | 15 recommendations | 4 comments
Morgan Stanley, Goldman Sachs and HBOS: Caught in the Mortgage Quagmire
More large financial institutions are getting mired in the bog of the morgage crisis, including US institutions Morgan Stanley and Goldman Sachs, and UK mortgage lender HBOS."Shares of the two largest U.S....
created by Jordan Yerman | 1 year ago | updated 1 year ago
332 views | 8 recommendations | 3 comments
332 views | 8 recommendations | 3 comments
UPDATE: HBOS has Merged with Lloyds TSB - Deal Secured
Lloyds TSB have bailed out HBOS and signed a merger deal, which will make the group one of the biggest banking groups in the world. There were job fears amongst Halifax Bank of Scotland employees today as...
created by Christina 123 | 1 year ago | updated 1 year ago
538 views | 69 recommendations | 7 comments
538 views | 69 recommendations | 7 comments
World Economy: Investors Remain Jittery
The world's current Bear markets remain jittery this week as the US government bails out mortgage giants Fannie Mae and Freddie Mac. Unemployment in the USA reached a peak of 6.1% and consumers continue to...
created by Christina 123 | 1 year ago | updated 1 year ago
393 views | 7 recommendations | 7 comments
393 views | 7 recommendations | 7 comments
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