Lloyds, RBS groups to broken up and three new banks created

Three old banking names will arrive back on the British high street, the UK Govenment is expected to anounce this week.They are to split up the Lloyds, RBS and the Northern Rock banking groups and form three new banks. Both banks are basically owned by the taxpayer,...

RBS shareholders set to sue directors

Unhappy shareholders from the Royal Bank of Scotland (RBS) are set to sue the former directors after they feel they were mislead about how the bank was preforming and because of that...

Huibert Boumeester: UK Banker Goes Missing with Two Guns

Huibert Boumeester, 49, a UK banker who played a central role in attempting to fend off a Royal Bank of Scotland takeover of the troubled Dutch bank ABN Amro has gone missing with two guns in his possession.  Boumeester was an executive with ABN Amro until March 2008....

G20: RBS raided by protesters, windows smashed and fire started

An attack on a branch of RBS in London is one of many things that you could see today watching the news on television. As 4000 protesters walked about the streets of London, images and videos on websites and TV...

President Obama & NY Attorney General Cuomo Outraged by AIG

""Taxpayers of this company are now supporting AIG, and they deserve at the very least to know how their money is being spent." Andrew Cuomo, New York Attorney General. " When word got out that AIG, the failed...

RBS reports largest ever annual loss of US$ 34 billion in UK

Today is indeed a grim day for British banking, it is being reported that Royal Bank of Scotland; which was part nationalized by UK tax payers monies has reported an annual loss of US $ 34 billion. This is the...

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...

Plan to make Scottish banknotes Legal

Shadow Scottish Secretary David Mundell is attempting to make Scottish banknotes legal in England and Wales. Right now people can refuse to accept them. Scottish banknotes are strange, they do not have legal status...

UK Record loss for Scottish Bank

Scottish bank, the Royal Bank of Scotland (RBS) has broke the record books in the UK.  RBS shares have plunged  67% and have anounced jobs cuts. " Royal Bank of Scotland shares have plunged 67% after the bank...

CVC in talks to take stake in RBS insurance arm

Buoyed by the British government, Royal Bank of Scotland has been stuck trying to sell of its insurance holdings. It may have found a buyer in CVC Capital Partners. As CVC is not the only bidder, the deal has not...

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...

Market uncertainty pushes UK banking stocks down dramatically

I'm watching Sky News right now and the anchor is literally on the phone trying to find out what is happening to the banks here.  The Royal Bank of Scotland has lost 30% of it's value since the market opened.  stay tuned...

AWARD CHOICE A STROKE OF GENIUS by Andy Newport

Feature published by THE PAISLEY DAILY EXPRESS 15th September 2007 Artist now knows he can bank on his talent By Andy Newport A young artist's face was a picture after he walked away with a top business...

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