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BUSINESS
May 10, 2006 | From Bloomberg News
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.
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BUSINESS
April 26, 2007 | From the Associated Press and Bloomberg News
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.
CALIFORNIA | LOCAL
January 28, 2003 | From Associated Press
George Younger, a Conservative Party lawmaker who was defense secretary in the government of former Prime Minister Margaret Thatcher, has died. He was 71. Younger died Sunday at the family compound in Scotland, former colleagues said. A spokesman for the Royal Bank of Scotland, where Younger was once chairman, said the cause of death was cancer.
BUSINESS
May 4, 2007 | From the Associated Press
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.
BUSINESS
February 12, 2012 | By Andrew Hill
Throughout industrial history, managers have tried to use science to analyze, categorize and, occasionally, pulverize the human element in their ventures so they can direct it more easily to their ends. Charles Dickens memorably satirized this desire in the character of Thomas Gradgrind, the utilitarian educationalist in "Hard Times," who was determined to "teach these boys and girls nothing but facts" and "to weigh and measure any parcel of human nature, and tell you exactly what it comes to. " A new book, "Calculating Success: How the New Workplace Analytics Will Revitalize Your Organization," advocates a similarly fact-based approach to workplace challenges.
BUSINESS
November 11, 2008 | Times Wire Services
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.
BUSINESS
July 18, 2001 | Associated Press
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.
BUSINESS
January 21, 2009 | ASSOCIATED PRESS
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.
BUSINESS
March 28, 2008 | From the Associated Press
A Texas judge issued a restraining order that in effect bars the banks that promised to finance the $19.5-billion buyout of Clear Channel Communications Inc. from backing out yet. Bexar County Judge John D. Gabriel issued a temporary restraining order just four hours after Clear Channel and the private equity buyers, led by Bain Capital and Thomas H. Lee Partners, sued Wednesday in Texas and New York.
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