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Royal Bank of Scotland

Goldman Sachs Took Biggest Loan During Fed's Emergency Program

Posted 09.05.2011 | Business

WASHINGTON - Goldman Sachs, Lehman Brothers, and European banks RBS and UBS were the biggest beneficiaries of very short-term Federal Reserve loan...

European Interest Rate Hike Expected In July

Posted 08.06.2011 | Business

FRANKFURT (Sakari Suoninen) - The European Central Bank is likely to signal a July interest rate rise on Thursday while continuing to provide bank...

William Alden

Disclosure Of Secret Fed Lending Raises Eyebrows

HuffingtonPost.com | William Alden | Posted 07.26.2011 | Business

In the midst of the global financial crisis in 2008, the Federal Reserve lent Goldman Sachs, Credit Suisse and Royal Bank of Scotland at least $30 bil...

Barclays CEO Receives $10.6 Million Bonus

The Huffington Post | Maxwell Strachan | Posted 05.25.2011 | Business

Last month, Barclays CEO Robert Diamond announced that while his banking company would continue to "exercise restraint" against large bonuses, the tim...

Ireland Says It Doesn't Need A Bailout, Despite EU Pressure

Posted 05.25.2011 | Business

Aid would be available for Ireland's banking sector or the state itself, a top European policymaker said on Monday after a report suggested Dublin co...

Private Banks Keep Hiring As World's Rich Get Richer

Posted 05.25.2011 | Business

LONDON - Private banks will sharply expand headcount in coming years to capitalize on the growing number of wealthy individuals in Asia, dismissing c...

The Goldman Sachs Settlement, the Wall Street Journal, Warren Buffett, and the White House

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

The timing of the Goldman Sachs settlement has raised eyebrows coming almost simultaneously to the passage of the Financial Regulations Bill. Was the settlement, if not politically motivated, at the very least politically timed?

World Banks Warn Of Looming Crunch

nytimes.com | JACK EWING | Posted 05.25.2011 | Business

The sovereign debt crisis would seem to create worry enough for European banks, but there is another gathering threat that has not garnered as much no...

The World's Safest Banks

Iris Mack | Posted 05.25.2011 | Business
Iris Mack

Following up on my recent article Ripped Off by Your Bank? Tell Us About It!, I've been doing some research on safe places to do my banking. I came ...

Nick O'Donohue, JPMorgan Bank reform may have $220 bln capital hit

Reuters | Posted 05.25.2011 | Business

LONDON (Reuters) - Top banks will need an extra $221 billion (139.6 billion pounds) of capital and see annual profits slump by $110 billion if all pro...

Our Banks Becoming Casinos and Washington Yawns

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Why is a bank such as JP Morgan, supported by myriad government programs, permitted to gamble with money in the commodities arena?

Billy Bragg's Bank Bonus Protest: Singer Won't Pay Taxes Over Lavish Banker Payouts

Reuters | Posted 05.25.2011 | Business

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Stephen Hester, RBS CEO: 'My Parents Think I'm Overpaid'

Times Online | Robert Lindsay | Posted 05.25.2011 | Business

Stephen Hester, the chief executive of Royal Bank of Scotland (RBS), admitted to a parliamentary hearing today that even his parents believed that he ...

RBS ATM Withdrawals Were Monitored Hourly During Banking Crisis

The Guardian | Jill Treanor | Posted 05.25.2011 | Business

City watchdogs were monitoring cash withdrawals from Royal Bank of Scotland every hour during the height of the banking crisis, the Guardian can revea...

Are Banks Too Big? Don't Count on Them Downsizing Anytime Soon

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

If a bank is too big to fail, is it too big? If the answer is yes, then the solution is international, as foreign banks are not only big, they also have much more of an international presence.

Ironic Ads From Before The Bailout: AIG, Countrywide, RBS, Bank Of America

The Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Ok, so we all know the world has changed. The financial markets have been upended, and we're all more than a little chastened by the excesses of the p...

Small Texas Firm Makes Millions Selling Bad Assets To Wall Street

econbrowser.com | Posted 05.25.2011 | Business

There was a wonderful story in today's WSJ about how some big banks managed to lose some of their hard-earned TARP money. Let me begin with a littl...

G-20 Thugs Attack Financial Injustice

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

I'm not condoning street violence but it will be helpful if political leaders understand that economic ruination by others is also a violent act.

G-20 Protesters Break Into Royal Bank Of Scotland In London (SLIDESHOW)

AP | RAPHAEL G. SATTER, Associated Press Writer | Posted 05.25.2011 | World

LONDON - G-20 protesters clashed with riot police in downtown London on Wednesday, breaking into the heavily guarded Royal Bank of Scotland and smashi...

Fred Goodwin Puts Face On British Banking Crisis

Washington Post | Kevin Sullivan | Posted 05.25.2011 | Business

In the British popular imagination, the global financial crisis now has a name, and it is Fred. As in Fred Goodwin, former chief executive of the Roy...

Royal Bank Of Scotland Posts Biggest Loss In British History

AP | JANE WARDELL | Posted 05.25.2011 | Business

LONDON — The Royal Bank of Scotland earned the dubious honor of posting the largest annual loss in British corporate history on Thursday _ a 24....

British Bankers: I'm Sorry For Financial Crisis

AP | JANE WARDELL | Posted 05.25.2011 | Business

LONDON — The former heads of Royal Bank of Scotland Group PLC and HBOS PLC apologized to shareholders and the public on Tuesday for the near col...

Bailed-Out Royal Bank Of Scotland Bankers Set For Millions In Bonuses

Times London | Patrick Hosking | Posted 05.25.2011 | World

The troubled Royal Bank of Scotland, rescued with £20 billion of public money, is planning large bonuses for thousands of its City traders and senior...

Will Obama Have To Bail Out Britain?

Ron Galloway | Posted 05.25.2011 | Business
Ron Galloway

Barak Obama had a fine day on his Inauguration Day. The British economy? Not so much.

RBS Expects Losses Of Up To $41 Billion, UK Record

AP | ROBERT BARR | Posted 05.25.2011 | Business

LONDON — Crisis-stricken Royal Bank of Scotland took fresh help from the government on Monday and announced that its losses for last year could ...