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Financial News
TEXT-Royal Bank of Scotland capital raising - Forbes
* RBS announces an offer of ordinary shares to raise ?15 billion of core tier 1 capital. The offer will be underwritten by HM Treasury at a fixed price of 65.5 pence per share. * Existing RBS shareholders will be invited to subscribe for all or part ...

U.S. Treasury Futures Fall on Stock Rally, Bank Loan Guarantees - Bloomberg
Oct. 13 (Bloomberg) -- Treasury futures on the 10-year note fell after the U.S. and Europe strengthened support for banks, giving investors confidence to buy stocks and corporate bonds. U.K. interest-rate swap spreads, a gauge of corporate credit ...

Save €8,000 in 10 steps - Independent
Share Bank of Scotland Monthly Saver 3.75 per cent There's plenty of hoops to jump through to get the best rate going. But you'd be €365 a year better off than with An Post 's Demand Deposit account. 1 SAVINGS Bank of Scotland Monthly Saver 3.75 ...

European leaders agree on taxpayer buyout plan - Globe and Mail
LONDON -- A massive taxpayer buyout of stakes in banks across Europe was agreed upon last night and is likely to be followed this week across the developed world, a set of pledges that in many countries will result in the highest level of state ...

G-7 `Against the Wall,' Weighs Loan-Guarantee Plan (Update1) - Bloomberg
Oct. 10 (Bloomberg) -- Finance ministers and central bankers from the Group of Seven nations meet today facing a breakdown in investor confidence in their ability to end the credit freeze endangering the global economy. Threatened by the worst ...

Financial crisis: Major mortgage lenders fail to pass on rate cut - Daily Telegraph
Abbey announced it was increasing all its tracker home loan deals by 0.5 percentage points, meaning new customers will pay exactly the same as when the bank rate was at 5 per cent. And along with Nationwide, it said it would not be passing on the ...

Citizens' parent seeks aid - Boston Globe
Royal Bank of Scotland Group, the parent of Citizens Bank, is seeking a financial boost from the British government after the bank's credit was downgraded and its share price plunged 39 percent yesterday on fears of massive losses. Standard & Poor's ...

HBOS to sell Australian banking arm - Guardian Unlimited
Troubled bank Halifax Bank of Scotland has agreed to sell its Australian banking business for £1.2 billion in a bid to boost its balance sheet. The bank said the sale of Bank of Western Australia Ltd and St Andrew's Australia Pty Ltd would "further ...

British bank Royal Bank of Scotland lines up for bailout - The Australian
BRITISH banking giant Royal Bank of Scotland was last night named as the latest troubled institution lining up for a government bailout as the global credit crisis continued to spread through the European financial system. Seven months after the ...

Gordon Brown on government help for banks and savers - BBC News
Shares in HBOS, the UK's biggest mortgage lender, ended up 24.5%, and Royal Bank of Scotland was 0.8% higher - trimming earlier gains. Shares in Lloyds TSB fell 7% and Barclays was down 2.4%. The fall on the FTSE 100, which ended down 5.18% at 4,366 ...

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