Royal-bank-of-scotland - Latest Popular Stories, Instablogs Community

Liverpool ponder move to buy out Hicks

Naresh Chauhan — Fri, 18 Jan 2008 06:31:31 +0000

Liverpool’s co-owner George Gillett will spend the next few days deciding whether to support a plan to buy out his partner Tom Hicks or throw his weight behind a refinancing package that would strengthen Hicks’s hold on the...

RBS's Amro bid suffering from market woes

Rahul — Mon, 20 Aug 2007 06:10:23 +0000

The ongoing credit crunch, generated by the US subprime mishmash can trigger upheaval for the Royal Bank of Scotland-led consortium to finance the $95.51bn offer to ABN Amro. Due to lack of liquidity in the market, hedge funds are believed to...

RBS earned $10.4bn half-year profit

Rahul — Sat, 04 Aug 2007 08:11:27 +0000

Royal Bank of Scotland (RBS) has secured $10.4bn (£5.1bn) profit for opening six months of the year. Bank’s operating pre-tax profit, is up 11%, of which $2.04bn (£1bn) is alone coming from its High Street outlets. RBS total...

ABN withdraws support from Barclays

Rahul — Mon, 30 Jul 2007 11:36:29 +0000

Finally, ABN AMRO bows to RBS-led consortium’s competitive bid and decided against recommending RBS and Barclays to shareholders. Earlier, ABN Amro was formally backing Barclays’ €67.5 billion ($92.07bn) takeover bid, but RBS-led...

UNI steps in ABN deal

Rahul — Mon, 04 Jun 2007 06:15:49 +0000

Trade unions across the world have gathered to fight to save the thousands of job cuts resulting from takeovers. Initiative has tightened by the spur of job cut in the takeover battle for Dutch bank ABN Amro. The meeting has been called by...

RBS makes offer for ABN: Barclays stunned

Rahul — Thu, 31 May 2007 04:02:50 +0000

A consortium led by Royal Bank of Scotland raised the bid for ABN Amro, offered €71.1billion ($95.6billion), topping the Barclays Plc’s an all-share offer of 63.8 billion euros. A group will pay more than €56billion in cash,...

RBS makes offer for ABN: Barclays stunned

Rahul — Wed, 30 May 2007 08:11:21 +0000

RBS-led groupand#8217;s decision on ABN AMRO will surface on Tuesday

Rahul — Sat, 26 May 2007 11:46:46 +0000

The biggest takeover battle in the banking history, expected to take interesting turn, as a consortium of banks led by Royal Bank of Scotland PLC have to revive its bid for the Dutch bank ABN AMRO as they previously asserted that they...

Barclays slashing 1,100 people in UK

Rahul — Fri, 11 May 2007 05:37:38 +0000

Barclays Bank is cutting 1,100 permanent employees, along with 400 contract workers and 200 temporary staff over the next three years at its offices in Poole, Dorset as part of an efficiency drive. It currently employs 2,500 people with 1,900...

Royal Bank of Scotland offers amazing mortgage deals for first time home buyers

Gautam — Thu, 05 Apr 2007 15:24:04 +0000

First time home buyers can really thank Royal Bank of Scotland since it has introduced a number of mortgage deals which would impress them. The offer is open to both first tim and repeat buyers. The bank has now announced a two year fixed rate...