Edinburgh Capital Of Scotland News.

Barclays Said to Consider $5.2 Billion Plan to Raise Capital (Bloomberg)
Thu, 09 Oct 2008 16:28:38 GMT Oct. 9 (Bloomberg) -- Barclays Plc , the U.K.'s second-biggest bank, may sell at least 3 billion pounds ($5.2 billion) of preference shares to investors to meet the government's new capital requirements, two people familiar with the matter said.

Edinburgh can't afford a Heineken hangover (The Scotsman: Sport)
Wed, 08 Oct 2008 10:30:09 GMT LISTENING to Andy Robinson extolling the virtues of Scotland's capital, the Edinburgh Rugby coach could easily be confused with his Glasgow rival Sean Lineen.

Scotland stands to lose a lot more than mere pride (Times Online)
Wed, 08 Oct 2008 22:44:06 GMT The old Royal Bank of Scotland headquarters stands in one of the great houses of Edinburgh. Dundas Mansion dominates the eastern end of George Street, the city’s richest boulevard.

Banking sector split in two on issue of taking state capital (The Herald)
Thu, 09 Oct 2008 01:09:18 GMT HSBC, Standard Chartered, and Abbey National yesterday declared they had no intention of raising capital from the state, reinforcing the City's belief that the UK Government's £50bn offer is essentially aimed at Royal Bank of Scotland, Lloyds TSB, HBOS and Barclays.

Report: U.K. Banks Seek Capital Injection (Law.com)
Wed, 08 Oct 2008 02:30:42 GMT Three leading U.K. banks, Barclays, Lloyds TSB Group and Royal Bank of Scotland Group, are reportedly pressing the government to inject capital into the banking system and take equity stakes in struggling lenders. The British Broadcasting Corp. said the banks met Monday evening with Chancellor of the Exchequer Alistair Darling and that an injection of $70 billion to $89 billion was discussed. At ...

RBS's Credibility `Shot to Bits' Since ABN Amro Deal (Update3) (Bloomberg)
Thu, 09 Oct 2008 16:27:45 GMT As money markets froze in 2007, the Scot led the world's biggest banking takeover, paying 72 billion euros ($97.7 billion) for Amsterdam-based ABN Amro Holding NV with partners Fortis of Belgium and Banco Santander SA of Spain.

U.K. Government Said to Provide Capital for Banks (Update1) (Bloomberg)
Tue, 07 Oct 2008 19:20:45 GMT Oct. 7 (Bloomberg) -- Prime Minister Gordon Brown 's government is preparing a rescue package that will include capital injections for U.K. banks struggling to fund themselves since credit markets seized up, said three people with knowledge of the situation.

European Stocks Fall on Bank Capital Concern; RBS, SAP Decline (Bloomberg)
Tue, 07 Oct 2008 16:52:30 GMT Oct. 7 (Bloomberg) -- European stocks fell, sending the Dow Jones Stoxx 600 Index to a four-year low, as concern that banks need more capital overshadowed the Federal Reserve's plan to unlock credit markets by purchasing short-term corporate loans.

European Stocks Fall on Bank Capital Concern; RBS, SAP Decline (Bloomberg)
Tue, 07 Oct 2008 16:24:39 GMT Oct. 7 (Bloomberg) -- European stocks declined as concern that financial firms need more capital overshadowed the Federal Reserve's plan to unlock credit markets by purchasing short-term corporate loans.

Lancelot, Landsbanki, Clearstream, Siemens, SGL in Court News (Bloomberg)
Thu, 09 Oct 2008 06:08:43 GMT Oct. 9 (Bloomberg) -- Lancelot Investment Management and its hedge funds were sued by investors and a Royal Bank of Scotland Group Plc unit for loaning about $1 billion to a company run by Thomas Petters , who is charged with fraud.

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