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Investors consider suing Royal Bank of Scotland over share offer
LONDON: Four of Britain’s largest institutional investors are part of a group considering suing state-owned Royal Bank of Scotland over a share offer under disgraced former chief executive Fred Goodwin.
Once a mistake is made, the bank or someone in the bank has to take responsibility
SALARIES, bonuses and now pensions in the United Kingdom banking sector are all on the chopping block.
RBS faces $6 billion investor action
LONDON: A group of shareholders in Royal Bank of Scotland is suing the lender and four former directors for losses they claim they incurred when the bank succumbed to a state bailout in 2008.
Stanford guilty of bilking investors of billions
HOUSTON (Reuters) - Allen Stanford was convicted on Tuesday of running a $7 billion Ponzi scheme, a verdict that caps a riches-to-rags trajectory for the former Texas financier and Caribbean playboy.
Removal of ex-RBS boss title sparks concern
LONDON: The decision to strip the former Royal Bank of Scotland (RBS) boss of his knighthood marks a new high in “banker bashing” sparked by the financial crisis, and left business figures asking if it had gone too far.
Regulators take over bank owned by Stanford
ST. JOHN'S, Antigua (AP) - Regulators in the Caribbean took over Antiguan banks owned by Texas financier R. Allen Stanford on Friday, hoping to contain damage to the local economy as U.S. investigators explore an alleged fraud scheme involving billions of dollars.
Billionaire Stanford charged with fraud
Texas billionaire Allen Stanford and three of his companies were charged with 'massive' fraud on Tuesday as federal agents swooped on his US headquarters.
Greenspan as pop culture phenomenon
Retiring Federal Reserve Chairman Alan Greenspan has penetrated pop culture like no other economist. Some samples of the Greenspan craze:
