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...But it is not planning to offer direct financial compensation to descendants, according to three people familiar with its position....
...After the financial crisis struggling banks sold or spun off insurance units: the UK’s RBS (now NatWest) spun off Direct Line; ING of the Netherlands listed insurer NN....
...The Bank of England and its regulatory arm, the Financial Services Authority, were furious....
...USD. ... diversified financials . . ....
...This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here. Read our full range of economics picks here....
...He helped woo F1’s then-chief executive Bernie Ecclestone over lunch in 2005, before a series of fraught negotiations that involved the unlikely duo calling up notorious investment banker and former RBS...
...Tyler left RBS in 2008. The issue was first reported by the Times....
...The Treasury still owns 39 per cent of the UK high street bank as the result of a £45.5bn bailout of the lender during the financial crisis in 2008, when it was known as Royal Bank of Scotland....
...Amro was subsequently bought up by RBS but left the UK bank vulnerable when the credit crunch struck — leading to a huge government bailout....
...Three of the biggest lenders, RBS, Depfa and Dexia, were bailed out by taxpayers, and the latter two are still being wound down under state ownership....
...Later that year she was appointed as RBS chief executive before it was renamed as NatWest in 2020....
...That is under half the average price the government paid for stock in financial crisis-era bailouts of RBS, as NatWest was known back then....
...Since the financial crisis first broke, three out of the four chief executives at NatWest and its predecessor RBS have left suddenly after political intervention....
...Goodwin was fired when the government rescued RBS in a £46bn bailout and later stripped of his knighthood....
...While the government should not normally interfere in a bank’s leadership, the taxpayer’s 39 per cent stake, after the £45.8bn bailout of what was then RBS in the 2008 financial crisis, means it is bound...
...It dipped sharply after the 2008 financial crisis....
...The CMA’s provisional findings follow a 2021 decision by the European Commission, which found seven banks — Bank of America, Natixis, Nomura, RBS (now NatWest), UBS, UniCredit and WestLB (now Portigon) —...
...The shares will be sold to NatWest at Friday’s closing price of 268.4p, well below the 502p the government paid in 2008 in the £46bn bailout of the lender then known as RBS....
...The government paid 502p a share to bail out RBS in 2008....
...Brian Currie who owns the Craigard Hotel on the picturesque island of Barra has long campaigned to keep his local RBS branch open....
...On Thursday, the UK’s financial regulator warned MPs of “onerous interventions” if banks continued to profit from the customer inertia....
...Darling said that any meeting on government business would have been attended by civil servants and that the Treasury was not involved in the running of RBS....
...(Sovdebt Oddities) — The credit hype machine is going to break (RB Advisors) — An oral history of How to Lose a Guy in 10 Days (Vanity Fair) — Open RuneScape Classic (rsc.vet)...
...The institutional architecture put in place after the global financial crisis of 2008 passed its first big test....
...A huge proportion of those cases are due to suspected financial crime....
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