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• Movers: Bank of America, Morgan Stanley, Royal Bank of Scotland, AMD
Bank of America (BAC) posts $0.15, vs. $0.82 a year ago, third quarter EPS, driven by significant increase in provision expense, as credit costs continued to rise, partially offset by advances in various income categories largely as a result of ...
• Source: U.K. banks set to unveil bailout plans
The Sunday Times said Royal Bank of Scotland, HBOS, Lloyds TSB and Barclays could ask for a combined 35 billion-pound lifeline. RBS may need at least 10 billion pounds, HBOS over 5 billion pounds and Lloyds and Barclays more than 3 billion apiece ...
• Town keeps Laurel and Hardy's legacy alive
The museum even has two hats worn by Laurel and Hardy in movies — a pith helmet from 1935's "Bonnie Scotland" and a fez from 1933's "Sons of the Desert." The silent film actors were paired up in 1927, beginning a career that spanned three decades ...
• RBS's share price plunges 39 percent, amid turmoil
LONDON - Shares in Royal Bank of Scotland Group PLC plunged 39 percent in early trading on Tuesday, as investors worried the British government is not doing enough to boost banks' balance sheets in the financial crisis. Treasury chief Alistair ...
• World markets boosted by Fed’s bold move
Jacques Cailloux, economist at the Royal Bank of Scotland, said the ECB could already have the ability to do such purchases through open market operations the bank already has as a tool to provide banks with liquidity. "It looks to us that the ECB ...