Search Results for: RBS
Oil wars: OPEC is winning
August 13th, 2015
OPEC’s strategy to pump like crazy despite collapsing oil prices seems to be finally paying off: The U.S. oil industry is showing cracks. Oil supply from non-OPEC countries is set to slow dramatically next year and slip into its ...
The Aftermath of LIBOR and Penny-Shaving Attacks
August 12th, 2015
Anyone remember the LIBOR scandal from back in spring 2008? A trader for UBS Group and Citigroup named Tom Hayes was just sentenced by a British court to 14 years imprisonment for his role as a ringleader of the scandal. Darrell Duffie and Jeremy C. ...
China stocks up, other Asian markets lower after US losses
August 7th, 2015
Chinese stocks rose Friday while other Asian markets followed Wall Street lower as investors looked ahead to U.S. jobs data and a meeting of Japan’s central bank. KEEPING SCORE: The Shanghai Composite Index rose 1.9 percent to 3,731.75 and ...
Greek Bank Stocks Are Getting Crushed for the Third Straight Day
August 5th, 2015
Greek banks extended a rout that has wiped out more than half their value this week, sending the nation’s stocks lower for a third day. Piraeus Bank SA and Alpha Bank AE plunged at least 29 percent, while Eurobank ...
UK government sold £2.08 billion of shares in Royal Bank of Scotland
August 5th, 2015
UK government takes first step to Privatizing Royal Bank of Scotland Group The UK bailed out RBS in 2008 and 2009 by buying shares for £45bn and supplying it with cheap funds. It sold its stake at 330p a share, ...
Barclays close to settling with the Serious Fraud Office over ‘bribes to Qatar’ claims
July 22nd, 2015
Barclays is moving closer to striking a deal with Britain’s fraud squad to settle allegations it paid bribes to Qatar to secure a bailout during the financial crisis, writes Peter Campbell. The Serious Fraud Office wrote to the scandal-dogged ...
Schaeuble Shrugs Off Greek Vote Saying Euro Exit Is Best
July 16th, 2015
German Finance Minister Wolfgang Schaeuble told Greece the only way it’ll get a debt reduction is to leave the euro and cast doubt on the country’s ability to even complete negotiations on a third bailout. Schaeuble, who led the ...
Oil prices tumble as Iran, global powers reach nuclear deal
July 14th, 2015
Oil prices dropped on Tuesday after Iran and six global powers reached a landmark nuclear deal that would see an easing of sanctions against Tehran and a gradual increase in its oil exports. The agreement, which capped more than ...
EY secured a FTSE 100 company account from rival KPMG
July 13th, 2015
EY is to tuck into another lucrative slice of the FTSE 100 audit market after securing the Associated British Foods (ABF) account from rival KPMG, which has audited the company for over 70 years. The £9.1m account, of which ...
Oil prices tumble as Iran deal nears
July 13th, 2015
Oil prices dropped Monday as Iran and global powers appeared close to a historic deal that would loosen sanctions in exchange for curbs on Tehran’s nuclear program. Sanctions have long reined in Iran’s oil production and exports, and the ...
