April 2009
Royal Bank of Scotland shortlists three bidders for Asia business
Royal Bank of Scotland Group PLC (RBS) has a shortlist of three bidders for its Asian retail and commercial banking assets in a sale that could fetch up to $1.8 billion, according to a report on The Wall Street Journal’s Web site. The shortlisted...
US Planning to reveal bank stress test results for Top 19 Banks to restore confidence.
The US government could disclose bank stress test results details about the financial health of its top 19 biggest banks in a bid to reassure investors and restore confidence in the financial system. US government regulators are conducting stress tests...
January 2009
Layoffs hits U.S. economy: Spread to More Sectors of the Economy!
On Jan. 26, U.S. companies slashed nearly 60,000 jobs new layoffs were announced at companies as varied as telecom giant Sprint Nextel, construction equipment maker Caterpillar, semiconductor manufacturer Texas Instruments, and pharmaceutical house Pfi...
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