Category: RBS


Libor Rigging Further Unmasked PAG V’s RBS

Via Berg Author Ian Mendelsohn Wednesday, 25th November 2015 Property Alliance Group Limited (“PAG”) –v- The Royal Bank of Scotland plc (“RBS”) In a game changing decision of the High Court delivered on 13 November 2015 PAG has been given permission to…

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It Never Rain’s Just Pours For RBS

New York Post By Kevin Dugan November 24, 2015 | 12:03pm RBS facing new charges over sale of loan securities Just when Wall Street thought it was out, the Justice Department pulls it back in. After the big banks paid billions…

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Autumn Statement 2015: Treasury documents reveal new details about planned RBS, Lloyds, Northern Rock sales

City Am by Lauren Fedor 25 November 2015 2:38pm More RBS share sales are planned (Source: Getty) Chancellor George Osborne may not have mentioned returning British banks to private ownership in his statement to parliament this afternoon, but buried in the Treasury’s official Spending…

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HBOS collapse: KPMG may face inquiry over its role in the lender’s collapse

Independent Ben Chu Deputy Business Editor Friday 20 November 2015 Report details how accountancy giant failed to raise alarm over quality of failed bank’s loan book The “big four” auditing firm KPMG has found itself under renewed pressure over its role in signing…

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Coming soon: HBOS the sequel?

The Sunday Times  Aimee Donnellan Published: 22 November 2015 Light-touch regulation let the lender run amok. Will George Osborne’s sops to the City spell the start of a new era of lax controls? Former HBOS chief executives James Crosby, left,…

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End of ‘Too-Big-to-Fail’ Banking Era Endorsed by World Leaders

Bloomberg Business By John Glover & Ilya Arkhipov November 15, 2015 — 12:53 PM GMT World leads and members of the Financial Stability Board (FSB) meet at the G20 Turkey Leaders Summit on Nov. 14, 2015 Photographer: /Getty Images G-20 to…

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Ex-Anglo boss David Drumm told to accept extradition or be jailed

Irish Mirror 17:56, 24 NOV 2015 By Pat Flanagan Drumm has also been saddled with debts of over €10million after his appeal against a decision denying him bankruptcy in the US was kicked out of court David Drumm Runaway banker David…

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RBS Receives Sell Rating from Berenberg Bank

Ticker Report Posted by Stephan Byrd on Nov 25th, 2015   RBS (LON:RBS)‘s stock had its “sell” rating reiterated by equities research analysts at Berenberg Bank in a research note issued on Wednesday, AnalystRatings.Net reports. They presently have a GBX 250…

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Welcome to Austeria – a nation robbing its poor to pay for the next big crash

The Guardian Aditya Chakrabortty Monday 23 November 2015 20.38 GMT ‘This makes perfect political sense for Osborne: it’s the elderly and the wealthy who turn out to vote, after all.’ Illustration: Matt Kenyon A familiar dance begins on Wednesday, as soon as George…

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fraud and dishonesty “at the highest level of RBS”

Scottish Legal News LIBOR, Property Alliance Group PLC v RBS, RBS November 17, 2015 The latest on swap litigation: fraud and dishonesty “at the highest level of RBS” In a major development in swaps litigation, an explosive judgement issued on Friday 13th November…

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