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Fortune notes that Fred Goodwin, CEO of Royal Bank of Scotland, is known as Fred the Shred because of his penchant for keeping costs low. Shareholders have other epithets after the bank was forced... Read more...
Now this is eye popping: Royal Bank of Scotland has announced a $24 billion sale of stock, the biggest offering in British corporate history, according to the AP. The new capital is sorely needed to... Read more...
Perhaps it was inevitable that China would enter the financial services arena. Perhaps we'll look back some day and say the country's $3 billion investment in the Blackstone Group was the first... Read more...
You've got to wonder about the new bid by the Royal Bank of Scotland-led consortium for ABN Amro. It said all along that LaSalle was the main prize in its efforts to buy the Dutch giant; it... Read more...
We noted recently Prudential's move to revive the Bache brand. Another move: Prudential Equity is apparently intent on selling its Prudential Equity Research group for as much as $450 million.... Read more...
The near-$100 billion battle for ABN Amro features a blue blood vs. a blue collar. In one corner, John Varley, CEO of Barclays, Oxford-educated, from a family of long-standing historic repute in... Read more...