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11 Apr
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Posted by mbank
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20 Mar
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Posted by mbank
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Royal bank of scotland shutting down departments in asia
Royal Bank of Scotland (NYSE:RBS) announced Tuesday that it’s shutting down its South Korean equity capital market and corporate finance departments along with its cash equities department in Indonesia, South Korea and Singapore. In a statement by an RBS spokeswoman, “For commercial reasons, we have agreed with CIMB that the cash equities, ECM and corporate finance businesses in Korea and cash equities in Indonesia and Singapore will not ultimately transfer as part of the sale. We have therefore made the decision to initiate steps to wind down these businesses commencing today.” Royal Bank of Scotland (NYSE:RBS) has potential upside of 35.2% based on a current price of $9.29 and an average consensus analyst price target of $12.56….
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6 Mar
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Posted by mbank
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Wherever you will go – charlene soraia version played by \”blame the bankers\”
WHEREVER YOU WILL GO – played by 2/3rds of “Blame the Bankers” (Dave the fiddle player did not turn up!) in the front room ! The piano is a Korg PA588. This song is dedicated to (Sir) Fred Goodwin (former chief executive of the Royal Bank of Scotland Group) – a modern crook. He was directly responsible for the the largest annual loss in UK corporate history, and cost the UK taxpayer over £40 billion – a bailout that will affect ordinary working people and their children for a generation. Nice one Sir Fred! How did you get away with it? Oh – but they took away your knighthood. Well – bet that has you shaking in your boots??…
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23 Feb
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Posted by mbank
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Rbs – no, not more bankers bonuses!!!
Reaction to he news that Stephen Hester, despite RBS posting LOSSES of £2billon last year, has annouced a bonus pot for employees of almost £800million! This after last month being shamed into relinquising his own £1million (modest by city comparisons) bonus on top or his over £1million salary for last year.The Bank, 80% owned by the British Tax Payer, was also defended in its action by Prime Minister David Cameron, and Dept Prime Minister, Nick Clegg who had the gall to tell us that things are “improving” regarding bankers bonuses, as the bank only took a third in bonuses this year than it did 3 years ago……
| Category: Bank News | Tag: Bank, Barclays, Bonus, Bonuses, Business, Cameron, CEO, Chief, Clegg, Commercial, David, Debt, Deficit, Deputy, Easing, Economy, Executive, Finance, Greed, Greek, Hester, Jack, Lending, Lloyds, London, Loss, Market, Minister, Murder, News, Nick, OCCUPY, Of, Officer, Ownership, Patinosta, Pauls, Prime, Profit, Public, Qe, Quantitative, RBS, Ripper, Royal, Scotland, Square, St, Stephen, Tax-payers, The, Trading, TSB |
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22 Feb
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Posted by mbank
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Desperado – played by \”blame the bankers\”
DESPERADO – played by “Blame the Bankers” in the front room ! This is a classic song by The Eagles. The piano is a Korg PA588. This song is dedicated to (Sir) Fred Goodwin (former chief executive of the Royal Bank of Scotland Group) – a modern “Desperado”. He was directly responsible for the the largest annual loss in UK corporate history, and cost the UK taxpayer over £40 billion – a bailout that will affect ordinary working people and their children for a generation. Nice one Fred!…
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21 Feb
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Posted by mbank
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An ahc meaningful moment – lord james of blackheath
Lord James of Blackheath, House of Lords February 16 2012 Lord James of Blackheath speaks in the House of Lords The mysterious transactions of 15 Trillion Dollars The man who owns 36 Trillion Dollars most of which American Banks borrowed The Emperors of Indochina in Times-Gone-By Supporting the Dollar – Through the Federal Reserve Bank of New York He goes on to include Alan Greenspan, the IMF, $500000000 of ‘worthless Bonds’ and He ‘only’ has 700 Tonnes of Gold to back him and much more……
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13 Feb
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Posted by mbank
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Rbs staffers arrested in tax-fraud investigation
Four current and one former staff member at Royal Bank of Scotland (NYSE:RBS) were arrested on Sunday in an investigation into alleged tax fraud, the Associated Press reports, citing British tax authorities. Authorities said the inquiry was in connection with the personal financial affairs of the suspects and unrelated to the bank’s work. Royal Bank of Scotland is currently above its 50-day moving average (MA) of $7.33 and should find resistance at its 200-day MA of $9.19….
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10 Feb
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Posted by mbank
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Royal bank of scotland may cut 300 jobs
Bloomberg reported that Royal Bank of Scotland (NYSE:RBS) may cut up to 300 jobs in its capital markets and cash equities units after it failed to find a buyer for the business. The Edinburgh-based bank said in the statement.”Having to cut jobs is the most difficult part of our work to rebuild RBS. After careful assessment of the various approaches made by interested parties, we have decided to start winding down parts of our EMEA Equity Capital Markets and cash equities businesses, and certain associated activities globally.” Royal Bank of Scotland is currently above its 50-day moving average (MA) of $7.27 and should find resistance at its 200-day MA of $9.22….
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2 Feb
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Posted by mbank
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1 Feb
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Posted by mbank
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Ex-rbs chief stripped of knighthood
In what may be the ultimate clawback for a bank boss in the wake of the financial crisis, a UK government panel has stripped the knighthood of former Royal Bank of Scotland Group CEO Fred Goodwin. Ainsley Thomson discusses on The Markets Hub….
