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RBS Boss 'Fred The Shred' Quits

Global Banking Problems Videos Sir Fred Goodwin is stepping down as chief executive of Royal Bank of Scotland, as the company said it was raising £20bn of new funds in a Government scheme. Fearsome bank chief Sir Fred Goodwin...

As Iceland's Landsbanki crashes, savers wonder how safe are other foreign banks?

Savers with money in Icelandic banks were rocked last week by the near-meltdown of the country's economy. And though the UK Government was quick to step in to reassure those with Icesave accounts that their cash was safe, it...

DTZ appoints former Barclays man as chief

Paul Idzik, Barclays' chief operating officer until May this year, is to be the new group chief executive of DTZ, one of the world's largest commercial property consultancies. Mr Idzik, an American and a former management...

Iceland pleads for calm as bank crisis deepens

Thursday, October 9th, 2008 | • Government seizes control of country’s largest bank • Savers urged not to make large cash withdrawals Perplexity “…upon the earth distress of nations, with perplexity…” Root of All Evil “For the...

Iceland pleads for calm as bank crisis deepens

• Government seizes control of country's largest bank • Savers urged not to make large cash withdrawals The Icelandic government seized control of the country's largest bank, Kaupthing, yesterday as its prime minister urged...

FSCS springs into action

Savers with failed Icelandic banks whose accounts we not transferred to ING, the Dutch bank, will be compensated instead by the British protection scheme. The Financial Services Compensation Scheme (FSCS) said it would write to...

UK councils at risk in Icelandic bank failures

Dozens of local authorities are facing the prospect of losing hundreds of millions of pounds after it was revealed that many had sizeable deposits with the failed Icelandic banks Landsbanki and Kaupthing.

Boardroom recruits to face grilling as FSA ends rubber-stamping

Christine Seib and Patrick Hosking The City watchdog has insisted on vetting new bank directors, amid concerns that a lack of expertise in boardrooms contributed to the financial crisis. The Financial Services Authority (FSA)...

How the £500 billion bank rescue will affect you

Ministers hope yesterday's astonishing £500billion Government bail-out will shore up Britain's tottering High Street banking giants. They are also keeping their fingers crossed that the bold move, coupled with a worldwide cut...

Need to know: InBev ... BMW ... IBM

Economics Interest rates The Bank of England cut interest rates by half a point to 4.5 per cent as part of a coordinated move with five other central banks. Banking & finance Kaupthing Singer & Friedlander The Government has...

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