Bank of Scotland

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Latest blogosphere posts tagged “Bank of Scotland”

• Author leads stinging RBS attack

  
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  Iain Banks, Gordon Roddick and convenor of the Church of Scotland are among signatories to a letter calling for action over the banks financing for the Cadbury bid and tar sands projects Iain Banks, the best-selling novelist, and a group of MPs, church leaders, academics and environmentalists have this weekend ...
  2 hours ago

• Dubai debt fears threaten credit crunch 2 — and RBS is exposed

  
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  The spectre of “Financial Crisis 2” continued to loom over global markets yesterday after Dubai’s revelation that it may not be able to meet its debt obligations. Stock markets in Asia and the United States fell sharply while the dollar and Japanese yen rose as investors shifted their money to their perceived ...
  7 hours ago

• Gordon Brown and Alistair Darling... the Beavis and Butt-head of Global Finance Markets

  
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  Fears are growing over Britains exposure to the financial turmoil in the stricken Arab state of Dubai. UK banks account for half the £60billion of global loans to the debt-laden emirate, new statistics show. State-controlled giant Royal Bank of Scotland has helped lead the charge, provoking fears that ...
  18 hours ago

• RENAULT TRUCKS – BRS APPOINTS NEW SALES DIRECTOR

  
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  BRS Ltd, the Dunstable based truck rental, contract hire, driver and fleet management services company has appointed Jon Juxon as its new Sales Director.
  1 day ago

• British banks quizzed over exposure to Dubai crisis

  
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  Large losses feared at HSBC and RBS as City watchdog seeks urgent assurances City regulators are urgently seeking assurances that Britains major banks are protected from the deepening debt crisis in Dubai amid fears that a possible default by the regions major property developer will cause another major jolt to the ...
  1 day ago

• Sprott November Commentary: Massive Bank Leverage Is Still A Ticking Timebomb

  
  zero hedge — Authority: 761
  Eric Sprott concludes simply that nothing has changed, with the neutron bomb just waiting a Dubai-type event for everything to go back to Lehman levels: When the crisis was in full bloom last year, there was much talk of banks “de-leveraging” their balance sheets back down to more appropriate levels. ...
  1 day ago

• FTSE ends week on steadier footing after Dubai dip

  
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  The FTSE 100 wobbled at the open but managed to put its Dubai dip behind it and shake off sharp losses on Wall Street on Friday to finish in positive territory as miners and travel companies rose. Traders took Thursdays steep fall in the FTSE 100 - the biggest since March - as a chance to buy into a range of ...
  1 day ago

• Important View On Dubai World Factor In Equity Strategy

  
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  Well, just as swiftly foreign money came into emerging markets, just as swiftly will they leave, and not even on something direct. An indirect scare out of Dubai seems to be enough reason to take the chips from the table. On Wednesday, Dubai World, the government investment company behind some of the emirates most ...
  1 day ago

• Markets hold their breath ahead of Wall Street opening

  
  Business: Market Forces blog | guardian.co.uk — Authority: 121
  After an early opening fall, the FTSE 100 index had clawed back some of its lost ground by mid-morning. But traders are holding their breath ahead of Wall Streets opening this afternoon. As the US markets were closed yesterday for Thanksgiving, it will be the first time that American traders have had a chance to ...
  1 day ago

• Dubai shock waves shake London stock market

  
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  London, Nov 27 (DPA) The London Stock Exchange felt the shock waves of the Dubai World debt moratorium call Thursday, with the FTSE 100 index dropping 3.2 percent.Banking shares were particularly hard-hit as the index closed at 5,194.13 points, down almost 171 points from Wednesday’s 5,364.81 points.Barclays and the ...
  2 days ago

• Biggest daily fall for FTSE since March on Dubai and LSE woes

  
  Business: Market Forces blog | guardian.co.uk — Authority: 121
  As the market went into freefall following debt problems in Dubai, the London Stock Exchange systems crashed for nearly three and a half hours, adding to the growing sense of anxiety among investors. A day after reporting falling profits because of growing competition, the LSE inadvertantly played into its rivals ...
  2 days ago

• Brits rank Ryanair as worst family brand

  
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  The result of the recent FamilyBrands poll named Ryanair as Britain’s worst family brand. The no-frills, low cost airline is seen as doing little on promoting family values, and is perceived as less caring on its customers, the poll elaborated. The study was based on the customer satisfaction ratings by 1,500 Brits ...
  2 days ago

• Dave Thompson adds support to Islay in HBOS banking standoff

  
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  Highlands & Islands MSP, Dave Thompson, has added his voice to the campaign to get the Bank of Scotland to reverse its decision to withdraw its Business Manager from the Isle of Islay.Mr Thompson is always concerned when he hears of any degradation of services available to people and businesses within his ...
  3 days ago

• Bank reform: What a carve up!

  
  Comment is free | guardian.co.uk — Authority: 163
  There is a direct link between this weeks revelation of the Bank of Englands secret £62bn loan to RBS and HBOS last October, and todays report from Sir David Walker on how banks should be governed. They are both inside jobs, momentous affairs of huge public importance yet where the shots are called by a select few. ...
  3 days ago

• Walker review urges bank chairmen to stand up to chief executives

  
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  Powerful chief executives who are left unchallenged are a major source of risk and should be removed, says Walker report Just as Royal Bank of Scotland was hitting the rocks last year, the banks then chairman, Sir Tom McKillop, angrily insisted there were "no patsies" on the board. Certainly, high-profile names such ...
  3 days ago

• Too big to fail? Guerrilla central banking and the last resort

  
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  Deciding it was safe to come clean because banks are now on a more even keel and the worst of the credit crisis is behind us, the Bank of England has told the nation that at the height of the turmoil it secretly lent Royal Bank of Scotland and HBOS a colossal £62 billion, which is more than the entire British ...
  3 days ago

• Emergency Loans Secrecy Defended in Britain

  
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  The government defended the right of the Bank of England to make secret loans to struggling banks after belatedly disclosing that the Bank of England had lent almost $104 billion to two institutions last year.
  3 days ago

• Mather & McGrigor engage with Bank: Islay not alone in service withdrawal

  
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  It has emerged that other areas on the west coast of Scotland - Skye and Lochaber are two - are having difficulties with the Bank of Scotland, not unlike Islay’s current experience.Gus Newman from Stormcats on Islay has published the full texts of letters from Jamie McGrigor to the Bank in the Comments posted below ...
  3 days ago

• J.C. Flowers in Pursuit of U.K. Bank Assets

  
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  J.C. Flowers is circling Britains weakened banking industry, prepared to swoop down on forced divestments over the next 12 months, according to the U.S. private equity investors new European and Asia Pacific boss.
  3 days ago

• How the Bank of England made £62bn disappear

  
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  How easy is it to hide £62 billion? That is the question that has been flummoxing the City today. For it transpires that last autumn, to the almost complete ignorance of most of the City (and, I admit, most of the journalists who, like myself, keep a pretty close eye on the UK economy), the [...]
  4 days ago

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