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Friday, 8th August 2008

Banking & Insurance

RBS reports first ever loss ROYAL Bank of Scotland boss Sir Fred Goodwin insisted today that he remained the best man for the job despite unveiling the group's first loss in 40 years as a public company.

RBS results - talk to Bill Jamieson SO is it the firing squad for RBS chief executive Sir Fred Goodwin on the basis of the biggest loss ever reported by the bank? Bizarrely, perhaps, not yet awhile.

Barclays chief apologises for results and shares slump BARCLAYS yesterday struck a marked note of contrition as it reported an "acutely disappointing" 33 per cent fall in first-half profits.

Falling stock markets drag profits 22% lower for insurer Aegon UK PROFITS at insurer Aegon UK have slumped 22 per cent as poorly performing equities hit the group's second-half results.

How today's results could spare Sir Fred a visit to the tumbrils

Scottish Life drives Royal London to £1.06bn

Sales boost for Royal London

Uncertainty over F&C sees investors pull out billions

Pension sales hold up for Standard Life

Aegon bucks trend with rise in new sales

Peter MacMahon - Credit crunch has turned the capitalists reflective

IMF warns Bank has little scope to tackle slowdown

Standard Life toughs it out with profit rise

Legal & General's surprise 6% rise in profits boosts insurance sector

Swiss pay £753m for Barclays Life

Northern Rock announces £585m loss

'Banks can never return to their old ways' warns HSBC chief Green

HSBC blames global downturn for 28% drop in profits

RBS accused of 'siege mentality' as it heads for biggest UK banking loss

Fed set to keep rates on hold

Entertaining merger plan

Pressure on as RBS faces record losses

Credit crunch sees HBoS profits halved

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