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RBS
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Latest Headlines
Bank of America's deal with bondholders could clear up uncertainty
One of the big issues hanging over the Bank of America ( NYSE:BAC ) stock price has been the uncertainty over possible settlements with RBS holders demanding putbacks.
It was huge news back in October when the likes of PIMCO, Blackrock, the Federal Reserve Bank of New York and others sued Ba
U.K. banks facing a death sentence
For all of the regulatory angst about U.S. banks, most people would agree British banks have faced an even harsher regulatory climate. The financial crisis has emboldened regulators to put forward some draconian measures when it comes to bonuses, too-big-to-fail and just about everything else.
RBS to sue Goldman Sachs?
One issue regarding the Goldman Sachs-SEC settlement is the effect it will have on would-be litigants. Many aggrieved investors--and there are many--were waiting to see the outcome, and it was thus imperative for Goldman Sachs (NYSE: GS ) to avoid admitting guilt to any fraud charges.
Goldm
More aggrieved investors to target Goldman Sachs?
For some people, the big issue with the Goldman Sachs (NYSE: GS ) settlement with the SEC over CDO-related fraud charges is whether Judge Barbara Jones will approve it . Another issue, assuming it is approved, is whether it will hurt or help other aggrieved investors; there are more than a f
More private suits target big Wall Street banks
While the jury is out on whether we will see truly high-profile enforcement action against top Wall Street firms, more aggrieved investors are pressing their cases with private suits, increasingly often in state court. What remains to be seen is how much litigation we'll witness. There are plenty
RBS says suing Goldman Sachs would be premature
Royal Bank of Scotland has heard calls for it to sue Goldman Sachs ( NYSE: GS ) over $841 million in losses on CDOs ( CDO news ). RBS paid Goldman $841 million in August 2008 to settle a claim on CDSs for which ABN AMRO, which RBS had purchased, was liable. RBS says its U.S. lawyers have advis
The future of securitization
The last thing anyone wants to do is throw the proverbial baby out with the bathwater. The industry's baby in this case is securitization, which ranks as perhaps the most profound financial movement of the past half-century ( financial data security news).
You would be hard-pressed to find
Bank of America eyes more sports deals
Sports sponsorships have been dicey as of late. From all the controversy over bank deals for golf tournaments, Citi's deal with the Mets, and RBS's debacle over its Wimbledon sponsorship, you might think banks would be gun shy. But Bank of America, which has more than any other bank embraced the c
RBS entertains well at Wimbledon; too well?
The great sport sponsorship debate that seems to have played itself out in the United States has snuck across the pond. The Royal Bank of Scotland is set to spend roughly $500,000 on corporate hospitality at Wimbledon this year, according to British media reports. RBS, of course, has accepted $33
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