With Spanish banking woes so prominent (see article), there is a danger of bank runs as citizens of vulnerable economies fear ending up with devalued deposits.
ECONOMIST: How much do Greece and the rest of Europe stand to lose?
My sources at the Treasury tell me that they are happy with RBS's current proposals to mend itself, which involve shrinking its investment bank and floating a share of its US retail bank, Citizens, on the stock market.
Another big British bank, Royal Bank of Scotland, has a foothold in American retail banking through Citizens Bank, the biggest bank in New England after FleetBoston.
Parents may turn to alternative college loans, offered by banks such as JPMorgan Chase , Bank of America , Citigroup and Citizens Community Bank .
American tax authorities said Tuesday they had opened an investigation of over 100 U.S. citizens on bank accounts held in Liechtenstein.
And recently, the company announced additional layoffs to the 800 already--about 1, 250 more at RBS Citizens over the next couple of years, mostly in the bank's technology, purchasing and property services division.
Several countries, including the U.S., are investigating the extent to which their citizens are dodging taxes through a Liechtenstein bank, after the German government obtained a list of 1, 400 of the bank's clients.
For instance, the bank 80% owned by taxpayers, Royal Bank of Scotland, has announced it is floating some of its US business, Citizens, on the stock market and selling a further stake in the insurer Direct Line.
The Bank's Financial Policy Committee (FPC) has concluded that they collectively need to raise more than the sums they have individually negotiated with the soon-to-be-closed Financial Services Authority (they have recently been agreeing measures with Andrew Bailey of the FSA to strengthen themselves - which is why, for example, Royal Bank of Scotland is shrinking its investment bank and floating off its US bank, Citizens).
More importantly, perhaps, for a day or so, Philly was the height of musical cool ( Bruce Springsteen was also in town over the weekend, playing at Citizens Bank Park).
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