February 28, 2009 |
Amid growing public and political clamor, British Prime Minister Gordon Brown said Friday that he would seek ways to block a nearly $1-million-a-year pension awarded to a banking executive whose stewardship plunged one of the country's biggest financial institutions into ruin. Former Royal Bank of Scotland chief Fred Goodwin has insisted that the retirement package provided by the company is rightfully his.
May 10, 2006 |
Credit Suisse Group, Switzerland's second-biggest bank, agreed to pay $90 million to Enron Corp. to settle a lawsuit related to the energy company's bankruptcy. Under the settlement, Credit Suisse will forgo $337 million in claims that it was seeking in the bankruptcy case, Houston-based Enron said Tuesday. Claims in the case were worth from 18 cents to 20 cents on the dollar.
April 26, 2007 |
Bidding for one of the largest takeovers in corporate history escalated Wednesday as a group led by Royal Bank of Scotland said it planned a bid worth almost $100 billion for ABN Amro that tops Barclays' offer by more than 10%. Shareholders immediately pressured ABN to commit to accepting the highest bid, ahead of the Dutch bank's annual shareholders' meeting today, and analysts said the key battleground was LaSalle Bank Corp. in the U.S.
May 4, 2007 |
Eager to fill one of the few holes in its coast-to-coast business, Bank of America Corp. hinted Thursday that it wasn't likely to back down without a fight after a Dutch court blocked its purchase of LaSalle Bank Corp.
August 3, 2007 |
Sempra Energy said second-quarter profit fell 26% from last year even as its energy-trading business produced strong results. The company earned $277 million, or $1.05 a share, compared with $373 million, or $1.43, a year earlier. The 2006 figure included $188 million, or 72 cents a share, from selling a coal-fired power plant in Texas and other assets. Revenue climbed 7% to $2.66 billion.
November 11, 2008 |
Sempra Energy, owner of the largest U.S. natural-gas utility, said third-quarter profit was little changed as increased earnings from power generation helped offset its reduced stake in a commodities-trading venture with Royal Bank of Scotland Group. Net income rose to $308 million, or $1.24 a share, from $305 million, or $1.15, a year earlier, the San Diego-based company said. Revenue rose 1.1% to $2.69 billion. Net income from power generation soared 62% to $94 million, mostly on the increased value of long-term energy contracts with RBS Sempra Commodities and other parties when adjusted to reflect changing market prices.
August 6, 2010
Some Haitians have serious reservations about Wyclef Jean's candidacy for president. ( Los Angeles Times ) Sean Penn is suspicious too. ( Pop Eater ) TLC will give polygamists the "Jon and Kate" treatment this fall with "Sister Wives. " ( Los Angeles Times ) Rosie O'Donnell will join Oprah's cable network. ( Los Angeles Times ) Corbin Bernsen injured in bar brawl in Ohio. ( Huffington Post ) Laurence Fishburne's friends tried to buy up all of his daughter's porn DVDs.
July 18, 2001 |
Mellon Financial Corp. said it's selling its retail banking business to Citizens Financial Group, the U.S. arm of Royal Bank of Scotland Group, for $2.1 billion in cash. The sale will return Mellon to its roots as a private bank, managing money for individuals and corporations, Chief Executive Martin G. McGuinn said. The deal, which includes operations in Pennsylvania, Delaware, New Jersey and Virginia with total assets of $16.
January 21, 2009 |
The financial crisis has raised questions about the solvency of Britain's banks that may lead the Bank of England to buy up assets from them within "weeks, not months," the central bank's governor, Mervyn King, said Tuesday.