Banking industry
The Liverpool Daily Post and Echo Property Awards 2005, in association with The Royal Bank of Scotland, will take place next Monday, April 25, at the Crowne Plaza Hotel, Liverpool. The event aims to recognize outstanding individuals, organizations, and businesses contributing to the success of the property industry in the
Banking industry
The European stock markets closed moderately lower on Monday as weaker crude prices and a profit warning from US giant Ford Motor Co weighed on oil majors and auto makers. The FTSE 100 index in London broke its four-day winning streak, while the DAX index in Frankfurt and the CAC-40
Banking industry
In a significant development in the global banking landscape, Royal Bank of Scotland (RBS) has emerged as a possible bidder for a key stake in Bank of China, the country's second-largest bank. This move comes as the Chinese banking sector opens up to foreign investors, a pre-condition for
Banking industry
Macquarie Bank's executive director and head of property investment management, James Hodgkinson, has suggested that the company may launch a real estate investment trust (reit) in Hong Kong later this year if certain curbs are lifted. The suggestion comes after the Securities and Futures Commission (SFC) sought the
Banking industry
A recent scandal involving the Beijing-based real estate firm, Beijing Huayuanda Real Estate Development Company, has come to light as the Bank of China (BOC) has accused the company of fraudulently obtaining approximately 645 million yuan (US$78 million) in mortgage loans. The loans were allegedly obtained using falsified housing
Banking industry
The big banks are increasingly investing in low-doc lending, a type of loan that requires minimal documentation, particularly for self-employed borrowers. This move comes as the Reserve Bank of Australia expresses concern about the potential risks associated with low-doc lending, which could impact the banking system. Meanwhile, the Australian Tax
Banking industry
National Australia Bank (NAB) has overhauled key divisions since last year's $360 million foreign exchange currency crisis, with the aim of improving deal flow and encouraging cross-selling. The bank's general manager for corporate banking, Paul Orton, attributed three recent major deals to NAB's growing
Banking industry
The Bank of Ireland will unveil a significant overhaul today, as part of an upbeat trading statement, which includes cutting 12% of its workforce and evaluating the sale of its entire Bristol & West branch network. The bank's aim is to reduce its cost-income ratio to less than
Banking industry
Bank of Ireland is set to announce a significant workforce reduction, cutting approximately one-sixth of its 12,000-strong workforce in the Republic of Ireland. The move aims to save €100 million in costs, with most of the job losses expected to occur in the country. The bank will also explore
Banking industry
Sir Fred Goodwin, the chief executive of Royal Bank of Scotland, saw his pay rise by nearly a third to £2.5 million last year, with a £1.5 million performance bonus contributing to the total. The bank's profits reached a record £8.1 billion in 2004, a
Banking industry
The new Royal Bank of Scotland (RBS) headquarters at Gogarburn is set to have a mini-lake created, but concerns have been raised about attracting unwanted wildlife, particularly gulls. To address these fears, the bank has developed a Bird Control Management plan, which includes using security guards to scare off birds
Banking industry
BHP Billiton Ltd, a diversified mining group, is considering making a cash offer for WMC Resources Ltd, potentially disrupting Xstrata Plc's hostile takeover bid worth $A8.2 billion. The move comes after speculation that BHP Billiton was planning to acquire a 10.1% stake in WMC Resources via
