Monday, October 13, 2008

British govt to take control of two major banks Monday: reports

fire chief executive Sir Fred Goodwin is to stand down. RBS Chief Executive Officer Fred Goodwin and HBOS CEO Andy Hornby will also step down. RBS chief executive Fred Goodwin quit, while its chairman, Tom McKillop, is to retire. Royal Bank of Scotland, which ousted chief executive Fred Goodwin, announced it was taking a £20bn lifeline. In was inevitable that having held out the begging bowl that RBS chief Sir Fred Goodwin would have to go. RBS's chief executive, Sir Fred Goodwin, who picked up £4.2m last year, and chairman Sir Tom McKillop are both stepping down. RBS's chief executive, Fred Goodwin, is being replaced by Stephen Hester, currently chief executive of British Land. As part of the deal, Sir Fred Goodwin, the chief executive of the Royal Bank of Scotland, resigned. By Hysni Kaso RBS chief executive Sir Fred Goodwin has this morning resigned as boss of the beleaguered banking group. Sir Fred Goodwin, some nine years at the helm, looks likely to step down. This crisis will change the shape of banking for a generation, and consigns the Fred Goodwin model to history. capitalisation could be the departure of RBS chief executive Fred Goodwin, reports suggest.

Also read this:
Not long ago, Raiders (and many others) took a pass on Brees
NLCS: Manny's off the wall; Phils are over it
Gonzalez Sets Mark for Tight Ends

0 comments: