News Tag: sell-off
November 6, 2009
Royal Bank of Scotland (RBS) has today posted a £1.5 billion operating loss for the third quarter - down 60% compared with the second quarter.
The bank, which is now 84% owned by the taxpayers after receiving an additional £33.5 billion in state funding this week, has written off a further £3.3 billion in bad debts and other bad investments, down from ...
RBS losses escalate in third quarter
by Kay Murchie
February 26, 2009
Royal Bank of Scotland (RBS), which is 68% owned by the taxpayer, has today reported a full 2008 year loss of £24.1 billion - the largest annual loss in UK corporate history.
The loss was attributed to the "unprecedented turbulence" in financial markets according to the bank’s chairman, Philip Hampton.
Mr Hampton warned that 2009 would be another challenging year ...
RBS confirms biggest loss in UK corporate history
by Kay Murchie
September 28, 2008
Belgian-Dutch financial group Fortis has been in rescue talks over the weekend after concerns have been raised about its future.
The Belgian government, regulators, and the Dutch central bank are all involved in the talks with a deal to be announced by tomorrow morning.
Fortis, which is Britain’s third-largest private car insurer, based on volume, and the fourth-largest travel insurer, went out of its ...
Fortis in rescue talks
by Kay Murchie
