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Trouble in Venezuela: RBS cuts a $4.3 billion line of credit

The credit crunch is hitting everybody. Compared to countries like Venezuela, the United States is getting off easy. Hugo Chavez is finally getting what he had coming to him. By Andrew Snyder Baltimore – (TFN): The old cliché that a falling tide lowers all ships is more popular than ever. But it is also truer than [...]

Fortis (FORB) up 12%, despite setbacks

Fortis (FORB) just sold itself to three different European governments. The company lost its deal with China’s Ping An Insurance, and its sale to Deutsche Bank is being held captive by the Dutch Central Bank. But FORB is up 12% today. by Stephanie Grimmett Baltimore — (TFN):  The hits just keep on coming, but the [...]

Royal Bank of Scotland (RBS) down 24%, despite bailout rumors

Rumors that Royal Bank of Scotland (RBS) will benefit from the U.S. bailout weren’t enough to keep its share price up. The ADR hit $3.04 this morning on news from an ABN Amro partner. by Stephanie Grimmett Baltimore — (TFN):  Royal Bank of Scotland (NYSE:RBS) is down 24% this morning on news that Fortis (Brussels:FORB) must [...]

Foreign Investment: Should HBoS follow Royal Bank of Scotland’s lead?

“That’s a huge amount of money. It’s so large that it’s tough to get a handle on just how much money it is. Let’s just say that if a company with a market capitalization of £12bn was added to the FTSE 100 this morning, it’d slot in somewhere around [...]

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