United Kingdom
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Sunday, 23 November 2008
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| 121. |
RBS said to drop 7,000 jobs
Royal Bank of Scotland (RBS) is set to begin the integration of ABN AMRO's investment bank, a move likely to cost 7,000 out of 28,000 jobs at the company.
28 Apr 2008 |
| 122. |
Vodafone in venture to boost mobile Internet
British mobile phone group Vodafone said on Thursday it was linking up with China Mobile and Softbank to help accelerate the commercial deployment of mobile Internet services.
25 Apr 2008 |
| 123. |
Court clears OFT to probe bank charges
The Office of Fair Trading won a legal victory on Thursday, the first stage of a lengthy process that potentially paves the way for bank account holders to reclaim billions of pounds in fees.
25 Apr 2008 |
| 124. |
Barclays first quarter profits down
Barclays said its profits in the first quarter fell from a year earlier after its investment bank and fund management arms were hit by tough financial market conditions.
24 Apr 2008 |
| 125. |
MPC divided over rate cut decision
Minutes from the Bank of England's Monetary Policy Committee (MPC) show that the interest rate setting body was divided over the decision to reduce interest rates to 5.0 per cent this month.
23 Apr 2008 |
| 126. |
RBS unveils 12 bln pound rights issue
Royal Bank of Scotland announced a record 12 billion pound rights issue to cover a potential 5.9 billion pound writedown on the value of toxic assets and help rebuild a stretched balance sheet.
22 Apr 2008 |
| 127. |
RBS set to announce rights issue
Royal Bank of Scotland and its combative CEO Fred Goodwin are set to announce Europe's biggest-ever rights issue and over $10 billion (5 billion pounds) of losses on investments this week, taking centre stage during a pivotal few days for UK banks.
21 Apr 2008 |
| 128. |
Bank to unveil 50 billion pound mortgage plan
Britain will try to ease the effects of a credit crunch on borrowers by unveiling plans on Monday to swap government bonds worth 50 billion pounds for banks' riskier mortgage debt.
21 Apr 2008 |
| 129. |
Bank eyes 50 bln pounds mortgage rescue
The Bank of England will next week announce plans to swap 50 billion pounds of government bonds for UK bank mortgages in an effort to break a lending squeeze gripping the home loan market, the BBC said on Friday.
19 Apr 2008 |
| 130. |
RBS planning rights issue next week
Royal Bank of Scotland is set to announce a rights issue next week, an industry source said, in a move which analysts believe could raise 9 billion pounds and lead to similar action by other banks.
18 Apr 2008 |
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