Bonus plan for Royal Bank manager
May 25, 2009 by samsonites · Leave a Comment
One of the Royal Bank of Scotland’s most senior managers is in line for a share bonus currently valued at more than £2.4m, it has emerged.
Ellen Alemany is chief executive of RBS America, including Citizens Bank.
European car sales hit the skids
November 7, 2008 by samsonites · Leave a Comment
Car sales in Western Europe fell by 15.5% year-on-year in October and sales will remain weak, J.D. Power Automotive, a leading forecaster, said.
The fall in demand has been blamed on difficult economic conditions, expensive financing and reduced consumer confidence. Read more
ING bank accepts €10bn Dutch cash injection
October 28, 2008 by admin · Leave a Comment
ING, the Dutch savings bank which has more than a million savers in the UK, is to get a €10bn capital injection from the Netherlands authorities, the latest bank to be affected by the global credit crisis.
ING is the Netherlands’ largest listed bank, with 85m customers worldwide, and is one of the world’s top 20 financial institutions. It operates under its own name in this country, and recently took control of 180,000 accounts from failed Icelandic banks Kaupthing Singer & Friedlander and Heritable Bank.
