The Royal Bank of Scotland (RBS) will annouce that over 90% of its shareholders have signed up for its £12bn rights issue. With growing negativity in the banking sector following recent bad news, including a poor set of results from the Bradford & Bingley, there had been concerns that investors would shy away from the rights issue. (more…)
Tags: bradford and bingley, goldman sachs, merrill lynch, rbs, ubs
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Financial Services, and in particular the Banking sector is likely to experience a bout of significant job cuts that will impact both the London and Worldwide job markets. Earlier this week Merrill Lynch announced that it will cut 4,000 jobs with Citigroup quickly following suit, declaring that it expected to cut around 25,000 posts over the next few months. (more…)
Tags: citigroup, merrill lynch
Posted in Banks, General Finance, Investment Companies, Top Stories | No Comments »