RBS Cuts 200 Jobs

Royal Bank of Scotland (RBS) has cut 200 jobs this week in parts of its debt and investment banking units most affected by the economic slowdown.

Dubai to host Gold Conference

Commodity OnlineDUBAI: Dubai, the Asian hub for major trading in gold, is gearing up to host sixth annual Dubai City of Gold Conference. The conference will take place between April 12th and 13th at the Park Hyatt, Dubai.

ABN AMRO hires Taiwan private bankers from HSBC

ABN AMRO said on Thursday its private banking arm had hired a team of six private bankers from rival HSBC Holdings Plc in Taiwan, the latest move to highlight the industry's fierce battle for talent in high-growth Asia.

Crude hits $98 a barrel

Crude oil for December delivery climbed to a record $98 a barrel in after hours trading Wednesday, adding to strong gains in the previous session that saw the energy contract into record territory Tuesday.

Oil near $90 ahead of Fed rate decision

Oil bounced off early lows to hover around $90 a barrel on Wednesday after some profit-taking from this week's record high, as the market awaited a key rate decision in the U.S. and data on crude inventories there.

Method in madness of China stock valuations

China has the world's largest commercial bank, its biggest aluminum maker, its No. 2 oil firm and its fourth-largest investment bank. It has five of the world's 10 biggest companies, versus three for the United States.

RBS's Fisher nominated as new ABN CEO

Royal Bank of Scotland board member Mark Fisher is nominated to replace ABN AMRO's outgoing Chief Executive, Rijkman Groenink, after the 70 billion euro ($99 billion) takeover of the Dutch bank.

Santander near deal on 4 bln euro property sale

Spain's largest bank Santander is close to sealing a deal to sell its property holdings for a total of about 4 billion euros ($5.65 billion), banking sources said on Wednesday, confirming newspaper reports.


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RBS-led team seals victory in ABN takeover battle

Three banks led by Britain's Royal Bank of Scotland clinched victory in the battle for ABN AMRO on Wednesday, declaring their 70 billion euro ($99 billion) offer for the Netherland's biggest bank unconditional.
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RBS trio to seal ABN win, big integration task now

A Royal Bank of Scotland-led consortium is set to claim victory in the takeover battle for ABN AMRO on Monday, shifting investor and market attention to the unprecedented integration challenge ahead.
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Barclays Bank confident of independent future

Britain's Barclays is confident of an independent future, its chief executive said on Friday, dismissing speculation that its failure to win control of ABN AMRO could leave it vulnerable to takeover.