Tag Archives: royal-bank-of-scotland

RBS Faces Losses After US ‘Fraud’

Ananova – Royal Bank of Scotland says it is facing a potential loss of £400m after a Wall Street banker was charged with a massive alleged fraud. US prosecutors say Bernard Madoff has confessed to defrauding investors of $50bn (£33bn) in […]

Europe’s turmoil batters London shares

Independent – The FTSE 100 Index tumbled more than 200 points today after a weekend of financial turmoil in Europe. Investors took scant comfort from Friday’s backing of a US financial rescue to leave the FTSE 100 Index down almost […]

Cameron hit by new hedge-fund row as Tory Party conference begins

Times Online – The Tory party conference got off to an embarrassing start today after it emerged that the Conservatives have taken large donations from hedge-fund managers whose firms made vast sums of money from taking bets in some of […]

US hedge fund Paulson bets big against UK banks

Reuters – John Paulson, a U.S. hedge fund manager who gained a superstar reputation with a big bet against the U.S. housing market, was shown holding a 1 billion pound ($1.9 billion) bet against UK banks as short sellers were […]

RBS Sued by Hedge Fund Over Withdrawn ABN Investment, FT Says

Bloomberg- Royal Bank of Scotland Group Plc has been sued by London-based hedge fund Merebis Capital Management LLP for reversing a 250 million-euro ($395 million) investment in Merebis by ABN Amro shortly after RBS acquired the Dutch bank, the Financial […]

Embattled UBS wraps up bumper rights issue

FRANKFURT (Reuters)- UBS has wrapped up a 16 billion franc rights issue, the Swiss bank’s second effort to resuscitate finances that have been ravaged by the global markets crisis. It is the latest in a line of major banks including […]

FSA puts pressure on top five banks to support Bradford & Bingley

Times Online- The Financial Services Authority took the unprecedented step of pressuring Britain’s five biggest banks into supporting the revised rescue capital-raising at Bradford & Bingley last week, The Times has learnt. HSBC, Royal Bank of Scotland, Barclays, Lloyds TSB […]

RBS Rises on Speculation Hedge Fund Will Seek Breakup

Bloomberg – Royal Bank of Scotland Group Plc led gains for European banking stocks on speculation that demand for its rights offer is strong and a U.K. hedge fund is buying shares to push for a breakup. Edinburgh-based RBS, Britain’s […]