royal bank of scotland

U.K. Banks Face Government Levy

Five U.K. banks may have to pay hundreds of millions of pounds in a levy that aims to charge them for the risks they pose to the country%u2019s economy. The planned bank levy will raise a total of 2.5 billion pounds ($3.59 billion) a year from 2012 onwards, The Wall Street Journal said.

Court Clears Path to Sale of England's Liverpool Football Club

A London court ordered the owners of Liverpool Football Club to reverse changes to the club%u2019s board, a move that could allow England%u2019s most successful soccer club to be sold to the group that controls the Boston Red Sox. Tom Hicks and George Gillett, the owners of the club, sought to block a 300 million pound ($476 million) sale to New England Sports Ventures, saying the bid was too low.

Rocker Billy Bragg Declares War on Banker Bonuses

Rabble-rousing musician Billy Bragg is urging U.K. citizens to withhold their taxes unless the government stops the Royal Bank of Scotland from awarding $2.4 billion in bonuses to its bankers. After a bailout, RBS is now government owned.

Stocks in the News: UBS, Teva, Merck, Royal Bank of Scotland, AIG

Company news that could affect stock prices today including: a Swiss court's decision that chief financial markets regulator broke the law when it ordered UBS AG to give the U.S. data about its clients, and Teva Pharmaceutical Industries' withdrawal of its appeal of a U.S. court ruling that favored Merck and its patent on the asthma treatment Singulair.

Overdraft fees ruled legal in England

It's probably not something that most Americans are following, but in England, the Supreme Court has been studying the legality of bank overdraft...