ROYAL BANK OF SCOTLAND

Lloyds to cut 15,000 jobs in strategy revamp

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Lloyds unveiled plans to cut 15,000 jobs, reduce costs and sell assets in a strategy review aimed at boosting the fortunes of the bank which had to be part-nationalized during the credit crisis.
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Barclays, HSBC hit by compensation capitulation

British banks gave up a fight over compensating customers wrongly sold insurance, forcing Barclays Plc and HSBC to take a combined hit of more than $2 billion in the latest blow to the industry.
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World Market Overview 04/12/2011

U.S. blue-chip stocks eked out a slim gain Monday but other market measures fell slightly as investors traded cautiously ahead of the first quarter corporate earnings season.
Traders work on the floor of the New York Stock Exchange

World Market Update 04/11/2011

US stocks are mixed on global worries ahead of the unofficial start of first quarter earnings season.
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World Market Overview Report 04/12/2011

U.S. blue-chip stocks eked out a slim gain Monday but other market measures fell slightly as investors traded cautiously ahead of the first quarter corporate earnings season.The Dow Jones Industrial Average closed up 1.06 points, or 0.01%, at 12381.11. The Nasdaq Composite shed 8.91, or 0.32%, to 2771.51. The Standard & Poor's 500-stock index slipped 3.71, or 0.28%, to 1324.46. The mixed activity came as investors looked ahead to the first-quarter earnings season, which kicked off unoffic...
Traders work on the floor of the New York Stock Exchange

World Market Update 04/06/2011

U.S. stocks pared earlier gains as energy companies’ shares declined after a higher-than-expected increase in petroleum inventories and Monsanto Co. shares declined as its revenue fell short of expectations.
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World Market Overview 25/02/2011

Asian stock markets advanced for the first time in five days on Friday as oil prices fell below $100 a barrel on easing concern about supply disruptions.
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World Market Overview Feb 25

U.S. stock markets ended mixed in a volatile session on Thursday as oil prices eased and encouraging job data helped the market to stabilize in the final hours.
British Prime Minister David Cameron arrives for a news conference with Qatar's Prime Minister Sheikh Hamad bin Jassim bin Jaber al-Thani

Qatar expresses interest in buying stakes in RBS, Lloyds

The Persian Gulf kingdom of Qatar has expressed some interest in investing in two major partially-nationalized British banks, Royal Bank of Scotland (NYSE: RBS) and Lloyds Banking Group (NYSE: LYG).
U.S. panel approves final duties on China drill pipe

December industrial output slows to 20-month low

India's annual industrial output in December rose at its slowest pace in 20 months on a higher base last year and stretched capacities at factories, but the Reserve Bank will likely continue tightening monetary policy to tame high headline inflation.
A shopper passes a discount high street store in north London

UK small firms hesitant to seek bank loans-survey

Britain's smaller companies are reluctant to tap banks for financing due to negative perceptions of the sector, a survey said on Friday, as politicians continue to attack the industry for not lending enough to businesses. Britain wants banks to lend more money in order to stimulate the country's faltering economy, and this week it struck a deal

Egypt markets tumble after protests, investors ponder exit

Nervous investors may begin liquidating some of their substantial positions in Egyptian equities and securities if the unprecedented political protests that thrashed the market on Wednesday gain momentum.
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Half of bankers in UK, U.S. see bonuses rise: survey

Half of bankers in Britain and the United States have received a higher bonus for 2010 than the year before, despite sluggish investment banking performances, according to a survey released on Tuesday.

Analysis: Be careful what you wish for: the China Price starts

Call it the price of success. China is starting to pass on the rising cost of labor and other manufacturing inputs as it restructures its economy, creating a potential new inflation headache for Western countries already grappling with surging commodity prices.

I.Coast oil firm fears sanction hit

EU sanctions aiming to squeeze Ivory Coast incumbent Laurent Gbagbo's access to funding could hurt the nation's 40,000-barrel-per-day oil sector and may shut down its 80,000 bpd refinery within months, according to the head of the state oil firm.
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Australia's Tatts eyes bank market to refinance A$700 mln

Australian gaming and wagering company Tatts Group Ltd is considering refinancing its A$700 million in bank debt with its existing lenders after tapping the U.S. private market in December, its chief financial officer said on Wednesday.
Sahara India acquires Grosvenor House for 470 mln pounds

Sahara India acquires Grosvenor House for 470 mln pounds

India's business conglomerate, Sahara India, announced on Thursday that the group acquired the iconic Grosvenor House hotel in London from The Royal Bank of Scotland Group plc for 470 million pounds.
Traders work on the floor of the New York Stock Exchange

Stocks rise on deals, China’s support for EU

The stock market rallied modestly on U.S. mergers and acquisitions (M&A) activities and China’s continued support for European Union’s (EU) sovereign debt market.
A pedestrian passes the head office of the Lloyds Banking Group in London

Former minister calls for break-up of RBS and Lloyds

Paul Myners, the former Financial Services Secretary during the Labour government of Prime Minister Gordon Brown, has called for the break-up of UK partly-nationalized banking giants Lloyds Banking Group (NYSE: LYG) and Royal Bank of Scotland (NYSE: RBS).
Bank of Ireland

Irish banks hammered in early U.S. trading

Despite signs that the government of Ireland will receive a huge bailout package from the European Union (EU) and International Monetary Fund (IMF), Irish banks that trade in the U.S. as ADRs are getting hammered this morning in early trading.

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