Posts Tagged ‘Financial’

RBS seen planning Citizens Financial IPO

(Reuters) – The Royal Bank of Scotland will unveil plans next week to float a portion of its stake in U.S. retail bank Citizens Financial Group Inc, the Telegraph newspaper reported late on Friday. A full sale of Providence, Rhode Island-based Citizens could raise more than 8 million pounds ($ 12.21 million) for Britain's largest [...]

London play examines financial crisis using pile of cash

LONDON (Reuters) – One of the first things people see when they sit down to watch “Money the Game Show” at The Bush Theatre in London is a pile of 10,000 pound coins on the floor of the stage. Standing by is a security guard to ensure the cash does not go missing over the [...]

Treasury needs exit plan for Ally Financial: watchdog

(Reuters) – The U.S. Treasury needs to develop a concrete plan for exiting its 74 percent stake in auto lender Ally Financial Inc, the second-largest remaining recipient of federal bailout dollars, an internal watchdog said in a report released Wednesday. The agency, however, must exercise “great care and coordination” with the U.S. Federal Reserve in [...]

EU states to get blessing for financial trading tax

BRUSSELS (Reuters) – Germany, France and nine other euro zone countries will get the go-ahead on Tuesday to push on with a financial transactions tax, a measure likely to unsettle banks but which will please voters and raise much-needed revenue. European Union finance ministers will give their approval at a meeting in Brussels, allowing 11 [...]

Roberts urges full financial support for the court

WASHINGTON (AP) — Urging full financial support for the U.S. court system, Chief Justice John Roberts said in his year-end report Monday that the federal judiciary, unlike executive branch agencies, does not have discretionary programs it can eliminate or projects it can postpone. Politics News Headlines – Yahoo! News Tweet This Post

Michigan appoints financial review team for Detroit

DETROIT (Reuters) – Michigan Governor Rick Snyder on Tuesday appointed a financial review team for Detroit, the latest development in a process that could lead the city to file for biggest-ever U.S. municipal bankruptcy. “Given the financial crisis that continues to grip the City of Detroit, we must move quickly to ensure city residents have [...]

Nicaragua begins talks with IMF over new financial aid deal

MANAGUA (Reuters) – Nicaragua has begun talks with the International Monetary Fund over a financial aid package that aims to bolster efforts to reform taxes and pensions, the country’s central bank president said on Monday. Alberto Guevara, president of the central bank of Nicaragua, said he expects the amount of the new financing package could [...]

Republican Party gives Romney financial advantage over Obama

WASHINGTON (Reuters) – Mitt Romney held a financial advantage over President Barack Obama heading into October thanks to strong fundraising by the Republican Party that will allow its candidate to spend more on the last stretch toward the November 6 election. Campaign finance disclosures show the Romney campaign, the Republican National Committee and the fund [...]

Spain’s Canarias region seeks 757 million euros financial aid

MADRID (Reuters) – Spain’s Canarias region said on Friday it would seek 757 million euros ($ 989 million) in aid from the central government to repay its debts and finance its deficit. A spokesman for the regional government said the announcement was made by the head of regional finances, Javier Gonzalez Ortiz, during a news [...]