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Latest Royal Bank of Scotland Group Stories

2008-10-14 06:00:19

By Hamish Macdonell Scottish SCOTLAND'S once-great banking industry was left denuded and humbled yesterday, after being forced to accept the biggest financial rescue package in British history. As a result of the unprecedented GBP 31.5 billion government emergency refinancing deal, RBS and HBOS have been stripped of their independence, at least in the short term. The banks will now have to answer to the government - which is about to take massive shareholdings in both institutions....

2008-10-14 06:00:19

By Eric Dash and Michael J. de la Merced Andrew Ross Sorkin contributed reporting. * Banco Santander of Spain is in advanced talks to acquire Sovereign Bancorp for about $2.5 billion, according to people briefed on the matter, as another frantic weekend of talks heralded the next wave of banking consolidation. Santander, which would gain a larger American presence with the deal, will probably pay around $3.81 a share, or where Sovereign's shares closed Friday. Sovereign, a savings...

2008-10-13 15:00:12

By Michael Blackley RBS's top three and HBoS chiefs to go as government pumps GBP 37bn into Lloyds TSB, HBoS, and RBS THE bosses of Scotland's two biggest banks have announced they are to step down in one of the most dramatic mornings in UK banking history. Sir Fred Goodwin and Sir Tom McKillop are to leave Royal Bank of Scotland, while Andy Hornby and Dennis Stevenson will leave their roles at HBoS once the takeover by Lloyds TSB goes through. The two chief executives and chairmen...

2008-09-29 00:00:15

By Sean O'Grady *Belgian government promises 100% security as share price plunges and new chief is appointed to stabilise debt-laden group The credit crunch seems poised to claim its first major eurozone victim this week. The Belgian-Dutch financial group Fortis, which specialises in banking and insurance, may sell itself or its ABN AMRO Dutch banking subsidiary. Its fate is being closely monitored by European Union officials, too. The finance ministers and central banks in Belgium and...

2008-09-07 18:00:15

BELFAST'S George Best airport has been sold for pounds 132.5million. That's almost FOUR times what its present owners-the Spanish Ferrovial Group - paid five years ago. The new owners are the ABN AMRO Global Infrastructure Group. Brian Ambrose, the airport's chief executive said the sale would not affect day-to-day business. He said: "We look forward to continuing to serve both our business partners and our customers and to continued investment." (c) 2008 People, The; London....

2008-09-02 18:00:23

By Aled Blake GLOBAL chemicals firm Warwick International has been bought by its management team in a deal worth pounds 129m. The takeover was backed by London-based Close Brothers Private Equity (CBPE) and was funded by a banking club led by the Royal Bank of Scotland (RBS). The deal sees CBPE and Warwick's senior management team acquire the entire share capital of the business from Sequa Corporation, the US-based parent company. Chief executive officer Bob Ellis and his executive...

2008-08-27 18:00:28

AN investigation was launched yesterday after a computer holding up to one million high street bank customers' details was sold on eBay for pounds 35. IT manager Andrew Chapman bought a computer on eBay for pounds 35, not knowing that the hard drive contained personal information relating to bank customers. The computer had been sold by an employee of data processing company Mail Source which is part of Graphic Data, a company that holds financial information for organisations, and was...

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2008-08-27 07:55:00

Officials are investigating the sale via eBay of a computer containing detailed personal information of millions of bank customers.The computer sold for approximately $140, and was purchased by Andrew Chapman, a 56-year-old IT manager from Britain.Mr. Chapman told BBC News the machine contained information on several million bank customers.  Detailed personal data of customers of three different banks, including the Royal Bank of Scotland and its subsidiary, Natwest, were involved.RBS...

2008-08-26 03:00:29

By Sadie Gray The personal details of more than a million high- street bank customers have been found on the hard drive of a computer sold on eBay for 35. The information on customers of NatWest, the Royal Bank of Scotland and American Express included mobile phone numbers, bank account numbers, mothers' maiden names and signatures. The computer had belonged to Graphic Data, a company which stores information for financial organisations, and was used at the firm's archive in...

2008-07-09 21:00:25

CHINA Goldmines, which was launched by North East entrepreneur Karl Watkin in 2005, has appointed a new chairman. Clive Donner, who has served in the role since the business was admitted to the Alternative Investment Market in 2006, has retired as chairman but will remain with the company as a non-executive director. He has been succeeded as chairman by Lance Browne, who was already a non-executive director of the business. Based in Shanghai, he has lived in China since 1979, working in...


Word of the Day
attercop
  • A spider.
  • Figuratively, a peevish, testy, ill-natured person.
'Attercop' comes from the Old English 'atorcoppe,' where 'atter' means 'poison, venom' and‎ 'cop' means 'spider.' 'Coppa' is a derivative of 'cop,' top, summit, round head, or 'copp,' cup, vessel, which refers to 'the supposed venomous properties of spiders,' says the OED. 'Copp' is still found in the word 'cobweb.'
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