BISCOM News
Anglo Irish Bank: Chairman resigns, CEO retires, seven directors quit, Gov't nationalises bank
Sean FitzPatrick, formerly Chairman of Dublin-based Anglo-Irish bank, the second largest in the country, has resigned after disclosures that he borrowed - without authority - almost euro130 million to invest in a variety of ventures - and pensions schemes.
UK: Bank rescue plan fails
The desperate gamble to rescue the UK banking sector announced just a matter of weeks ago have failed. And, deviod of any other plan, The Brown - Darling team has decided to to play double or quits.
Citi to break up in latest rescue plan
It's just two months since we reported a jump in Citigroup's share price of 60% as a rescue package was unveiled. But the picture was falsely rosy and now it's time for Plan B. And it's not a pretty prospect.
Citi rescue boosts share price 60% in a day
It's becoming an increasingly wild ride for shareholders in financial services companies. Seemingly, the value of a banking group has more to do with the ability of its managers to plead for government money than their ability to run their business.
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