The UK’s financial watchdog is looking into allegations that non-executive directors at the Royal Bank of Scotland were pressured not to raise concerns about the troubled state of the bank’s finances.
RBS faces probe over ‘director threats’ claim
Tag Archives: Cnn
10 killed in Kashmir fighting
Ten people in the disputed territory of Kashmir have been killed in ongoing gunfights between militants and Indian troops, an Indian defense spokesman said Sunday. “So far we have lost an army officer and three troopers, while six militants have been gunned down by the army in past three days,” Indian defense spokesman, Lt
Airliner evacuated at London airport
Explosives experts are searching an Emirates airliner at London’s Gatwick Airport following a report of a "suspicious device" on board, police told CNN on Sunday.
U.S. Navy vessels in Bahrain for evaluation after collision
A U.S. Navy submarine and a Navy amphibious ship that collided Friday in the Strait of Hormuz south of Iran have arrived in Bahrain to be assessed for damage, the Navy said
$2M worth of cocaine found in banana boxes
A German supermarket employee got a surprise this week when she opened two boxes of bananas to find them filled with more than 60 pounds of cocaine worth $2 million, police said.
Connecticut, 19 other states launch AIG investigations
Twenty state attorneys general announced investigations Friday into the $165 million bonuses paid by insurance giant AIG last week, with Connecticut’s top lawyer issuing subpoenas to CEO Edward Liddy and 11 other executives. Connecticut Attorney General Richard Blumenthal and the Democratic chairman of the General Assembly’s Banks Committee want Liddy and other executives to appear Thursday and bring with them “original or copies of documents regarding the AIG Financial Products Corp
Watch AIG’s payouts, not the bonuses, Spitzer says
Outrage over bailed-out insurance giant American International Group’s million-dollar bonuses may grab headlines, but its payouts on complicated financial instruments deserve closer examination, ex-New York Gov. Eliot Spitzer said Thursday
Simon and Garfunkel reuniting for tour
Paul Simon and Art Garfunkel are getting their group back together this spring for a reunion tour of Asia and Australia, according to a source close to the group. Reunion plans apparently began after Simon and Garfunkel played three songs together during Simon’s two-night gig at New York’s Beacon Theatre in February. Tour rehearsals begin in New York in May and the tour will launch in New Zealand around the first week of June, according to the source
Tragedy highlights skiing risks
The death of actress Natasha Richardson, who sustained a fatal head injury while skiing, has reignited the perennial debate around the safety of the sport. The 45 year-old died Wednesday, two days after falling on a beginners slope while having a private lesson at Canada’s Mont Tremblant resort. While full details of the circumstances surrounding Richardson’s death are not yet known, head injuries are the most common cause of fatalities among skiers worldwide
Analysis: Obama’s ‘blame me’ means ‘move on’
President Obama topped a town hall appearance Wednesday by claiming responsibility for the bonuses paid out to executives at the bailed-out insurance giant American International Group, saying, "I’m outraged, too." Cushioned by high approval ratings, analysts said Obama can emerge from this controversy relatively unscathed, but there’s only so many times he can get away with saying, “Blame me.” AIG accepted more than $170 billion in federal assistance in the past six months. It was revealed this week that since accepting those funds, the company doled out more than $165 million in bonuses.