Market analyst Michael Hewson weighs in on the impact Moody's bank downgrades have on the markets.
CNN's Ali Velshi talks to Wolf Blitzer about what it really means for account holders amid the recent Moody's downgrade.
The health of several of the world's biggest banks has been called into question following the decision by Moody's to downgrade their credit ratings.
David Ruffley, conservative MP, discusses the Queen withdrawing the knighthood of former RBS chief Fred Goodwin.
The former boss of the Royal Bank of Scotland, Fred Goodwin, is to be stripped of his knighthood, the British government said Tuesday, amid wide anger in Britain over bankers' bonuses.
The announcement on Sunday night that Stephen Hester, the Royal Bank of Scotland chief executive, had bowed to political pressure in the UK and decided to waive his bonus -- worth £963,000 ($1.5M) in shares -- will turn out to be a very sad day for commercial democracy.
Barclays CEO Bob Diamond tells Richard Quest that large bonuses in the banking sector should be "pay for performance."
There was a whiff of inevitability about the decision by Stephen Hester, the Royal Bank of Scotland chief executive, to waive his £1M ($1.57M) bonus late last night, as the political and media furor mounted.
Royal Bank of Scotland has sought to defuse mounting political and public pressure in awarding chief executive Stephen Hester a bonus of just under £1m, less than half the amount he received for 2010.
Royal Bank of Scotland is to cut an additional 3,500 jobs as the state-controlled bank rapidly shrinks its investment banking activities in response to the worsening economic outlook and wide ranging reforms of the banking sector due to take effect before the end of the decade.
The report into the collapse of the Royal Bank of Scotland identifies at least four moments between 2005 and 2007 when the City watchdog clashed with the bank but failed to take a hard line.
Moody's Investors Services downgraded 12 financial institutions in the United Kingdom early Friday, saying it's less likely that UK authorities will provide future support if needed.
Staff at Royal Bank of Scotland's UK investment banking and treasury divisions were warned this week of more job cuts to come, according to an internal memo obtained by CNN.
As they cope with the market's twists and turns, investors are finding comfort in a new kind of security blanket: emerging market bonds.
World markets sold off Friday, a day after the Dow industrials had its worst point loss since the 2008 financial crisis.
A federal watchdog for the credit union industry has sued JPMorgan and the Royal Bank of Scotland for allegedly misrepresenting the value of the mortgage-backed securities that they sold in recent years, triggering the failure of five credit unions.
Faced with the prospect of losing in a Texas court, former owners Tom Hicks and George Gillett Jr. withdrew the temporary restraining order that they had obtained from Texas Judge Jim Jordan and that had ostensibly blocked the Royal Bank of Scotland (RBS) from selling Liverpool FC to New England Sports Ventures (NESV). A substantive review of the order had been scheduled for Oct. 25; by withdrawing the order prior to a decision on its merits, Hicks and Gillett strategically avoid the prospect of a negative ruling and help to preserve possible legal claims against RBS and NESV.
NESV owner John W. Henry comments on his completed and protracted takeover of Liverpool Football Club.
One of England's most famous soccer clubs has been sold to the American owners of baseball's Boston Red Sox following a protracted Trans-Atlantic legal battle.
Can a Texas court block a British court from allowing the sale of Liverpool FC to the owners of the Boston Red Sox? If that sounds like a strange question, it's because it concerns a curious mix of conflicts of law, international banking law, and the fate of one of soccer's most storied franchises. It is also a question that could lead to a legal showdown at 7 a.m. Friday, Texas time.
Liverpool's Football Club's proposed sale took another legal twist Thursday after a High Court judge in London condemned the English Premier League side's co-owners for attempting to block the sale in a Texas court.
CNN's Phil Black reports on the court battle and bidding war for the Liverpool Football Club.
A British High Court judge ruled against the American owners of Liverpool Football Club Wednesday in their bid to stop the team's sale to a U.S. group.
The battle over the ownership of one of England's top soccer teams took a new twist Tuesday, as a businessman from Singapore put in a new offer for the team -- entirely in cash.
Liverpool's American owners will contest the English football club's proposed sale in the British High Court on Tuesday, and if they win it could see the five-time European champions put into administration.
Liverpool Football Club, one of the most famous and successful names in world sport, was on Tuesday on the brink of being sold to the owner of the Boston Red Sox baseball team following months of uncertainty over the club's future.
Liverpool have rejected fears they face plunging into administration if the club isn't sold by October.
They do call the summer transfer window silly season, but this one's got me flummoxed.
Liverpool chairman Martin Broughton claims there have been "several" bids for the club after Chinese businessman Kenneth Huang's interest was confirmed to CNN.
BP rallied Tuesday after the company said it has no plans to issue new shares to cover costs related to the oil spill in the Gulf of Mexico.
Several banks are gearing up to do a whole lot more mortgage lending in the future.
The Royal Bank of Scotland has agreed to pay a fine of £28.6 million ($43 million) after admitting breaches of competition law, Britain's Office of Fair Trading announced Tuesday.
British voters will look closely at how the government plans to reduce the deficit. CNN's Jim Boulden reports.
Royal Bank of Scotland has signalled that it will succumb to pressure to pay its high-flying investment bankers substantially less than rival institutions amid an escalating row with the government.
The British Treasury has warned top bankers at Royal Bank of Scotland not to expect bumper bonuses next year, as Finance Minister Alistair Darling prepares to get tough with those staff who do not "get" the new political and financial landscape.
Banks led the London market lower on Thursday as Dubai's attempt to reschedule debt led investors to dump riskier investments, sending the FTSE 100 to its biggest daily fall since March.
The Bank of England extended secret emergency financing to Royal Bank of Scotland and to what was then HBOS during the banking panic last October, indicating the two banks were even closer to collapse than had been thought.
Royal Bank of Scotland on Monday said it was considering further asset sales "not initially contemplated", as part of the talks with the government aimed at breaking free from a state-backed asset insurance scheme.
CNN's Adrian Finighan reports on the pension row between the British government and former RBS chairman Fred Goodwin.
The Royal Bank of Scotland is set to give chief executive Stephen Hester a $15.8 million pay package, according to reports.
Royal Bank of Scotland Friday reported a first-quarter loss of £857 million ($1.29 billion) as write-offs from the financial crisis increased despite better revenue.
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.
Royal Bank of Scotland has announced plans to cut up to 9,000 jobs in the next two years -- of which 4,500 will be in the UK.
British banking giant RBS has revealed it expects to make more job cuts and that former chief executive Fred Goodwin is considering taking a voluntary cut in his pension.
CNN's Jim Boulden reports on the myriad of signs and symbols ahead of the G20 summit.
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.
Protesters smash the windows of a Royal Bank of Scotland branch in London's financial district.
Police and protesters skirmished around the Bank of England on Wednesday as world leaders gathered for the G-20 summit.
Vandals attacked the home of former chief executive of the Royal Bank of Scotland, Fred Goodwin. ITN's Alex Forrest reports.
A warning of more attacks on UK bankers was made on Wednesday after the home of former Royal Bank of Scotland boss Fred Goodwin was vandalized.
Treasury Secretary Tim Geithner proposed tough new rules Tuesday, saying they could prevent another AIG debacle.
The UK's financial watchdog is looking into allegations that non-executive directors at the Royal Bank of Scotland were pressured not to raise concerns about the troubled state of the bank's finances.
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.
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.
Shareholders in Royal Bank of Scotland are Thursday due to vote on whether to accept a $30 billion bail-out plan to survive the credit crunch.
CNNMoney: Stocks: Bailout rallyupdated: Mon Oct 13 2008 09:40:00
Stocks surged Monday morning as investors cheered the global response to the deepening financial crisis, following the worst week on Wall Street in history.
Prime Minister Gordon Brown faces the tough job of restoring trust in a severely battered sector
Even in the pathetic pantheon of subprime mortgage losers, Royal Bank of Scotland stands out.
Thousands of banking jobs are slashed in London, including at CitiGroup and Merrill Lynch. CNN's Owen Thomas reports.
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.
Rate decision
updated: Wed Oct 10 2007 09:45:00
Financial jounalist Robert Miller on European bank's interest rates decision.
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.
The $101 billion battle for Dutch bank ABN Amro, the biggest banking buyout ever, is coming to a close, according to a published report.
Stocks got off to a higher start Monday, helped by some surprisingly strong earnings from Dow component Merck and some dealmaking activity.
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.
The buyout deals keep on coming, a sign of just how white-hot the market is for mergers and acquisitions.
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.
Fortune: Road warriorupdated: Tue Nov 21 2006 12:29:00
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.
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.
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.
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