Royal Bank of Scotland Stock Drops Nearly 70%
The Royal Bank of Scotland’s stock dropped 67 percent – or $6.7 billion – on news that the government may be forced to take control of the troubled bank. Other banks in the region struggled as well as Barclays lost 10 percent falling to just 88 pence a share, while Lloyd’s fell to 65 pence a share – a loss of 65 percent. More
Pound Expected to Fall Because of Bank Bailouts
Several analysts predict that the pound will fall against the dollar due to the added debt resulting from additional bank bailout expenses. More
Russian Gas Deal – Third Time’s the Charm
The on-going disagreement between Russia and the Ukraine over shipping gas to eastern Europe via the Ukraine seems – finally – to be officially settled. More
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