Authorities were investigating a suspicious package that was found Tuesday in the vicinity of the Bank of England, just two days before world leaders meet in London at the G-20 Summit.
Suspect package found near Bank of England
Tag Archives: bank
RBS faces probe over ‘director threats’ claim
The UK’s financial watchdog is looking into allegations that non-executive directors at the Royal Bank of Scotland were pressured not to raise concerns about the troubled state of the bank’s finances.
Q & A: What is ‘quantitative easing?’
The UK government has announced plans to introduce "quantitative easing" to help the economy. That’s correct.
HSBC set for shares issue as profits slide
HSBC on Monday announced a 62 percent slide in annual pre-tax profits to $9.3 billion, delivering a further blow for the beleaguered UK banking industry.
Woman answers ad for bird by offering kids as payment
Trading two children for a bird landed three people in jail in Louisiana, authorities say. Laura Pendergest-Holt, the third-ranking executive of the Houston-based Stanford Financial Group, was taken into custody by FBI agents and charged with obstruction of a government proceeding. The Justice Department late Thursday said Pendergest-Holt will appear before a federal magistrate in Houston Friday.
Bank’s performance was too good to be true, analyst says
A financial analyst who studied public documents about Stanford International Bank for a friend who was considering investing in it said Thursday that it took only a cursory look to determine something was wrong. “It was kind of shocking, but then I began to think about who would actually be looking at this and who should be looking at this,” Alex Dalmady told CNN.
Bailed-out bank enjoys concerts, dinners, parties
A bank that received $1.6 billion dollars of the government’s bailout money sponsored what reports are calling a lavish series of events in Los Angeles, California, last weekend. Northern Trust, based in Chicago, Illinois, spent an undisclosed amount of money sponsoring a Professional Golf Association tournament and associated client events, including concerts, dinners and parties, according to celebrity Web site TMZ.com. The bank spent millions of dollars on the event, which included — on top of the sponsorship costs of the Northern Trust Open tournament — concerts by Sheryl Crow and Earth Wind & Fire, a private party at music venue House of Blues and gift bags from Tiffany & Co., the Web site said
The Beleaguered Banks Get Ready for Their Big Test
Bank nationalization is the phrase on everyone’s lips at the moment — with Alan Greenspan, Chris Dodd and Paul Krugman among the leading lights of the unlikely coalition in favor of it, and members of the Obama Administration repeatedly denying that it’s in their plans. It’s a misleading debate, though, given that the U.S
Robbing banks no longer just for guys, FBI statistics show
She said she had nothing left to lose when she handed the bank teller the hastily scrawled note. “We’re armed,” the note said. “Don’t say anything.
British couple, four children in cocaine bust, reports say
A British couple has been detained at Margarita Airport in Venezuela after 24 kilograms of cocaine was allegedly found in their luggage, according to press reports. “This bank does not have any problem, is a healthy financial institution,” Edgar Hernandez Behrens, Venezuela’s superintendent of banks, said of Stanford Bank Venezuela, the state-run ABN news agency reported. An estimated $2.5 billion to $3 billion has been invested in the bank, he said