United Kingdom | Saturday, 30 August 2008

Scotland Articles

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1. RBS sags to 691 million pound loss
Royal Bank of Scotland fell to a first-half loss of 691 million pounds, one of the biggest losses in UK corporate history but not as big as expected, after taking a 5.9 billion writedown on the value of risky assets.
08 Aug 2008
2. HSBC and Barclays profits set to dip as RBS heads for loss
Europe's biggest bank HSBC is expected to report a 28 percent drop in profit as it spearheads results showing how Britain's top four banks are coping with a global credit crunch.
04 Aug 2008
3. Scotland Yard to join Antigua shooting probe
British detectives were flying to Antigua on Saturday to help the Caribbean island's police investigate the shooting that left newly-wed Ben Mullany in a coma and killed his wife, Scotland Yard said.
02 Aug 2008
4. Tesco buys RBS out of finance venture
Tesco announced a major push into banking on Monday with a 950 million pound deal to buy out Royal Bank of Scotland from their finance joint venture.
28 Jul 2008
5. Fortis and RBS need to deliver on ABN promises
Nine months after taking control of Dutch bank ABN AMRO, two of the three victors are suffering a bad bout of winner's curse and need to deliver on big promises to investors.
04 Jul 2008
6. RBS sells Angel Trains for £3.6 bln
Royal Bank of Scotland (RBS) said on Friday that it had agreed to sell Angel Trains to a consortium lead by infrastructure company Babcock Brown. The deal worth £3.6 billion should help RBS to shore up its capital base.
13 Jun 2008
7. RBS first half to be in line with previous guidance
Royal Bank of Scotland (RBS) said on Wednesday that its results for the first six months of the year should be "satisfactory" and in line with previous guidance.
11 Jun 2008
8. RBS secures 95% of rights issue shares
Royal Bank of Scotland said on Monday that 95.1 per cent of the shares offered in its £12 billion rights issue were bought up by shareholders by the end of the rights issue period on Friday.
09 Jun 2008
9. Banks put assets on block but face price shock
Royal Bank of Scotland and other European banks are having to sell assets to repair their battered balance sheets and will have to settle for low prices.
09 Jun 2008
10. RBS shares rise on TCI stake rumours
Royal Bank of Scotland (RBS) saw its shares rise over six per cent early on Tuesday following rumours that investor TCI could be building up a stake in the company.
03 Jun 2008
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