RBS announces share buyback, posts profit rise

Article Abstract:

A share buyback of up to 1 billion Pounds ($1.74 billion) is being planned by the Royal Bank of Scotland PLC of the United Kingdom. The banking giant posted a net income increase of 17 percent to 5.39 billion Pounds in 2005, up from 4.62 billion Pounds in 2004. Also, the Royal Bank of Scotland PLC is currently promising no further acquisitions.

Sales, profits & dividends, Securities issued, listed, Securities, Company sales and earnings, Company earnings/profit, Royal Bank of Scotland PLC, Company Profile, Company securities

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U.K. banks rein in risks of bad debt: lenders get tighter with credit, tougher in consumer collection

Article Abstract:

UK banks are tightening restrictions on consumer credit and increasing collection efforts in an effort to curb bad debt levels. The Bank of England upped its official rate from 5.5% to 5.75%, which could make it more difficult for consumers to borrow.

Product standards, safety, & recalls, Financial management, Interest Rates, Services information, Private Households, Consumer Credit, Consumer Capital & Loan Transactions, Standards, Economic aspects, Finance, Services, Company financing, United Kingdom. Bank of England

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