United Kingdom | Sunday, 23 November 2008

Bank Articles

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211. RBS led consortium bids $95.7 bln for ABN
A consortium led by Royal Bank of Scotland unveiled a 71.1 billion euro (48.2 billion pounds) bid for ABN AMRO that included its disputed U.S. bank and a higher cash component than indicated.
29 May 2007
212. RBS led consortium delays ABN statement to Tuesday
A Royal Bank of Scotland led consortium said on Friday it would now make an announcement on its intentions towards Dutch bank ABN AMRO next Tuesday rather than on Sunday because of public holidays on Monday.
25 May 2007
213. Bank may flag push for bigger rate hike
Only one person has voted for a 50 basis point rise in domestic interest rates since the Bank of England's Monetary Policy Committee was set up in 1997.
23 May 2007
214. BoE report unlikely to sound all-clear on inflation
The Bank of England looks likely to leave the door open for another interest rate rise in order to curb price pressures in its quarterly inflation report on Wednesday.
16 May 2007
215. RBS trio says ABN offer financing secure
A Royal Bank of Scotland led consortium seeking to buy Dutch bank ABN AMRO published documents on Monday offering reassurance on its financing plans and saying a deal was not conditional on disposals.
14 May 2007
216. EU banks in secret debit card talks
A group of European banks are in secret talks to set up a pan European debit card to challenge MasterCard and Visa Europe in cross border business, a document obtained by Reuters said on Friday.
11 May 2007
217. Interest rates set to rise to 5.5 percent
Interest rates look certain to rise on Thursday as the Bank of England battles to steer inflation, which is at its highest level in more than a decade, back to target.
10 May 2007
218. ABN says to work with RBS
Dutch bank ABN AMRO continues to recommend its $88 billion (44 billion pound) merger agreement with Barclays but said it will work with the Royal Bank of Scotland consortium in a constructive manner, an ABN AMRO spokesman told Reuters on Friday.
04 May 2007
219. Delta emerges from bankruptcy
Delta Air Lines emerged from bankruptcy on Monday, following a 19 month, $3 billion (1.5 billion pounds) restructuring during which the carrier thwarted a hostile takeover, cut costs and jobs, and eliminated some unprofitable routes.
01 May 2007
220. Wolfowitz faces World Bank panel over promotion
World Bank President Paul Wolfowitz will defend his handling of a promotion and pay increase for his girlfriend on Monday to a special panel, whose investigation will ultimately determine if he wins his fight to stay on as head of the development institution.
30 Apr 2007
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