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Monday Oct 13th, 2008
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October 13th, 2008

There was much hullabaloo over the so-called cleanup trades that Citigroup , Deutsche Bank and Royal Bank of Scotland made with large private-equity firms this spring. Billed as a win-win, the private-equity purchasers bought up billions of dollars ...

October 7th, 2008

Bank of America ( BAC ) posts $0.15, vs. $0.82 a year ago, third quarter EPS, driven by significant increase in provision expense, as credit costs continued to rise, partially offset by advances in various income categories largely as a result of ...

October 13th, 2008

Oct. 13 (Bloomberg) -- Gordon Brown extracted promises from three of the U.K.'s largest banks to lend more money at lower rates, stop paying dividends and change their bonus structures in return for a 37 billion pound ($64 billion) rescue. The ...

October 13th, 2008

Gordon Brown declared today that the Government would be the "rock of stability" amid the global financial turbulence as it injected £37 billion of taxpayers' money into Britain's troubled banks. The Prime Minister told a Downing Street news ...

October 11th, 2008

THE campaign to win Lottery funding for the Glasgow Commonwealth Games received a huge boost last night after Scottish Secretary Jim Murphy revealed he is backing the plans. Murphy, installed in the post last weekend, has already begun talks with ...

October 13th, 2008

Oct. 13 (Bloomberg) -- Prime Minister Gordon Brown will use his government's control over two of the U.K.'s largest banks to cut the price of loans to small businesses and homeowners and curb the pay of directors. The Treasury today said it will ...

October 13th, 2008

Wall Street today made small in-roads into reversing last week's disastrous trading when American shares rose by more than 460 points after the UK and Europe unveiled plans to bailout banking systems. The Dow Jones industrial average rose by 465.07 ...

October 8th, 2008

The National Museum of Scotland in Edinburgh is set to undergo a £46.4m redevelopment after a contractor was appointed to carry out the work. Balfour Beatty has been selected for the three-year Royal Museum Project, which will see the creation of 14 ...

October 11th, 2008

When Californians go to the polls on 4 November, not only will they have to choose between Barack Obama and John McCain, but also whether they support minimum confinement rules for calves in veal crates, hens in battery cages and sows in gestation ...

October 9th, 2008

WASHINGTON — Libya has started making payments into a fund to compensate the families of American victims of Libyan-linked terror attacks in the 1980s, another step in the full normalization of long-strained ties between Washington and Tripoli, a ...

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