Royal Bank of Scotland prepared for the worst when it held its annual shareholders' meeting in an Edinburgh conference hall in early April. Beefy men in ill-fitting suits were brought in to handle security, metal detectors were set up at the entrance, and the board braced for a rough ride.
Scattered demonstrations were taking place around East London as the G-20 summit got under way Thursday, but they were far smaller than the protests seen a day earlier.
Police and protesters skirmished around the Bank of England on Wednesday as world leaders gathered for the G-20 summit.
Treasury Secretary Tim Geithner proposed tough new rules Tuesday, saying they could prevent another AIG debacle.
The dollar rose against the euro and lost ground against the pound Thursday after the European Central Bank held interest rates steady and the Bank of England cut its key rate by half a percentage point.
Nothing seems to scare bankers, or their shareholders for that matter, more than the word "nationalization."
Stocks slumped to two-month lows Tuesday as investors looked beyond President Barack Obama's historic inauguration to the battered economy he inherits.
The U.S. dollar surged against European currencies Tuesday, the same day that President Barack Obama officially took the oath of office, as the market remains focused on weakness in the global banking system.
Asian and Pacific stocks slid Tuesday, with Tokyo's benchmark index ending down more than 2% and Hong Kong dropping 3%.
The U.K. government unveiled a second bank rescue plan Monday designed to jumpstart lending and bolster the stability of the nation's financial system.
Royal Bank of Scotland prepared for the worst when it held its annual shareholders' meeting in an Edinburgh conference hall in early April. Beefy men in ill-fitting suits were brought in to handle security, metal detectors were set up at the entrance, and the board braced for a rough ride.
Scattered demonstrations were taking place around East London as the G-20 summit got under way Thursday, but they were far smaller than the protests seen a day earlier.
Police and protesters skirmished around the Bank of England on Wednesday as world leaders gathered for the G-20 summit.
Treasury Secretary Tim Geithner proposed tough new rules Tuesday, saying they could prevent another AIG debacle.
The dollar rose against the euro and lost ground against the pound Thursday after the European Central Bank held interest rates steady and the Bank of England cut its key rate by half a percentage point.
Nothing seems to scare bankers, or their shareholders for that matter, more than the word "nationalization."
Stocks slumped to two-month lows Tuesday as investors looked beyond President Barack Obama's historic inauguration to the battered economy he inherits.
The U.S. dollar surged against European currencies Tuesday, the same day that President Barack Obama officially took the oath of office, as the market remains focused on weakness in the global banking system.
Asian and Pacific stocks slid Tuesday, with Tokyo's benchmark index ending down more than 2% and Hong Kong dropping 3%.
The U.K. government unveiled a second bank rescue plan Monday designed to jumpstart lending and bolster the stability of the nation's financial system.
Stocks slipped Monday amid worries about the automakers, questions about the Bernard Madoff scandal and anticipation of Tuesday's rate-cut decision from the Federal Reserve.
In what's being touted as a model for government intervention, London bets big to put money behind the country's battered banks
Stocks surged Monday morning as investors cheered the global response to the deepening financial crisis, following the worst week on Wall Street in history.
The British government on Monday said it would make a multi-billion investment in three of the country's major banks to help them through the "first financial crisis of the global age."
Prime Minister Gordon Brown faces the tough job of restoring trust in a severely battered sector
Some analysts say the case-by-case approach of national governments is undermining confidence rather than bolstering it
With federal regulators refusing to use tax dollars to support another bailout, the heads of Wall Street's big banks are turning to each other.
It took a little longer, but the US downturn is now being felt by banks in Britain and the rest of Europe
Even in the pathetic pantheon of subprime mortgage losers, Royal Bank of Scotland stands out.
Clear Channel's long-awaited $19 billion sale to private equity firms Bain Capital and Thomas H. Lee Partners is in danger of falling through, according to a Wall Street Journal report.
Corporate earnings and consumer spending in the world's second-largest economy may be adversely affected by the weakness of the dollar
Could Royal Bank of Scotland be the new AIG? AIG, of course, which was once sanguine about its exposure to securities backed by subprime mortgages, just confessed to a far bigger problem than it had previously admitted, and acknowledged that its internal valuation models were being questioned by its auditors. Royal Bank of Scotland, or RBS, has also been upbeat.
Mergers and acquisitions climbed to another record this year, but the credit crunch is taking the wind out of the sails of the once-mighty deal-making machine.
A consortium led by Royal Bank of Scotland claimed victory Monday in its takeover of Dutch bank ABN Amro, bringing an end to the biggest banking deal ever.
Stocks were headed for a positive open after an in-line jobs report showed growth was back on track for September and suggested that the Federal Reserve may cut rates in the near future.
The $101 billion battle for Dutch bank ABN Amro, the biggest banking buyout ever, is coming to a close, according to a published report.
European stocks posted their biggest gains in 15 months on Monday, recovering some of last week's losses as a liquidity injection from central banks soothed investor nerves, while bank stocks rallied.
Shares in Dutch bank ABN AMRO fell as much as 11 percent Friday as analysts cited worries that Fortis may find it difficult to finance its part of the deal to buy ABN together with Royal Bank of Scotland and Santander.
British bank Barclays has raised its offer for ABN Amro to €67.5 billion ($93 billion) and included some cash, helped by major investment from state authorities in China and Singapore.
Stocks got off to a higher start Monday, helped by some surprisingly strong earnings from Dow component Merck and some dealmaking activity.
The takeover battle for ABN Amro heated up on Monday with the Royal Bank of Scotland consortium boosting the cash element of its €71.1 billion ($98 billion) offer.
The following are some of Monday's most actively traded stocks:
Stocks were poised to continue their recent run Monday on a rash of merger news.
Royal Bank of Scotland and its Spanish and Belgian partners are offering $24.5 billion for ABN Amro's Chicago-based LaSalle Bank, provided they also purchase the rest of ABN, according to media reports out of Europe.
The buyout deals keep on coming, a sign of just how white-hot the market is for mergers and acquisitions.
A bidding war for a major European bank and good earnings from an online retailing bellwether could help lift stocks at the start Wednesday, ahead of the latest reading on home building.
Dutch bank ABN Amro agreed Monday to be bought by British bank Barclays in a deal valued at $91 billion, which would be the biggest deal ever in the financial sector.
Merger talks between Barclays of Britain and ABN AMRO of the Netherlands could lead to the biggest banking deal in European history and spark another round of consolidation in the industry, analysts said Tuesday.
SINCE RETIRING from competitive golf at the 2005 British Open, Jack Nicklaus has traded long-distance drives for longer-distance flights. The Golden Bear is CEO of his golf course design firm, Nick...
Europe's second-largest bank, The Royal Bank of Scotland, on Thursday said its 2005 profit would meet market expectations, but shares declined as the prediction compared negatively with those of rival U.K. banks recently.
The Royal Bank of Scotland could take a stake in the Bank of China, one of that country's largest banks, according to published reports Thursday.
The dollar skidded to a new record low against the euro while bonds ticked lower Tuesday after Russia's central bank said it would review the share of euros in its reserves.
The pace of economic growth was slower in the second quarter than originally estimated, the government said Friday, as the latest reading on gross domestic product came roughly in line with economists' forecasts.
Yields on U.S. Treasurys climbed to three-month highs as investors continued to sell fixed-income securities following Friday's strong payroll report and a better-than-expected report from the services sector.
When Citizens Bank signed a $95 million, 25-year deal to put its name on the new home of the Philadelphia Phillies, slated to open in April, the company bought a lot more than big signs and guarant...
Treasury prices rose Friday, boosted by a steep drop in a U.S. consumer sentiment reading and a safety bid spurred by brief evacuations of a New Jersey postal facility and two U.S. Senate office buildings.
The dollar remained weak Tuesday against the euro as European finance ministers angled away from intervention to make the euro more competitive.
Treasury prices tumbled Friday as a report showing surprising manufacturing strength brought forward market expectations for an eventual interest rate increase from the Federal Reserve.
Powered by steady growth in assets, Japanese banks are increasing their world dominance. Ten of the 11 largest banks outside the U.S. are Japanese, a greater concentration at the top than last year...
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