How the mighty can fall

Article Abstract:

United Kingdom banks have been known to fail, though people tend to trust banks without thinking. Impudent lending can lead to non-performing locans, and the bank's survival may depend on how much capital is reserved for lending risks. A secondary banking crisis in 1974 illustrates the problems that can occur. Banks have not been affected by a ballooning real estate market, and their foreign exposure is not great. Bad debts are likely to increase in a recession, but the banks have apparently safe capital adequacy.

United Kingdom, Economic aspects, Bank failures

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RBS raises the ante in bid for NatWest

Article Abstract:

Royal Bank of Scotland (RBS) and Bank of Scotland have both made bids for NatWest, and the RBS bid looks more likely to succeed, though its stock price has dropped. The changes that would result from this acquisition could lead to large scale jobs losses in the banking industry, which could in turn trigger government intervention. The management of NatWest has rejected both bids, though is thought to favor the RBS bid of the two. RBS is supported by Banco Santander, which holds a 9.6% stake in RBS.

National Westminster Bank PLC (London, England), Royal Bank of Scotland PLC

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Lloyds clings to Abbey hopes

Article Abstract:

Lloyds TSB may make a bid to acquire Abbey National following the rejection of an informal approach to Abbey National by Lloyds.

Lloyds TSB Group PLC, Abbey National Bank

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