The Royal Bank of Scotland is expected to take a £1bn write-down when it
releases final results on Thursday and reveals its exposure to US sub-prime
The Times reports that in December RBS wrote down £950m from
sub-prime assets and a further £250m on its leveraged finance business ABN Amro,
the bank it acquired last year, took its own US sub-prime hit of £300m.
Since those write downs credit markets have worsened and so far Alliance
& Leicester, Barclays and Lloyds have all taken hits from sub-prime
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements