The Royal Bank of Scotland has reportedly doubled a settlement offer to thousands of shareholders that are suing the bank and former RBS executives after they invested in the bank before its 2008 rights issue and subsequently lost lots of money. Sky News reported that RBS proposed an 82 pence-per-share settlement with investors during talks on Sunday. This […]

REUTERS/Luke MacGregor A worker sweeps in the foyer of a Royal Bank of Scotland office in the City of London August 6, 2010. Lower impairment losses helped Royal Bank of Scotland’s second quarter operating profit rise from the first quarter, and the part-nationalised group expected good medium-term prospects for its business. Royal Bank of Scotland’s […]

REUTERS/Beck Diefenbach Tesla shareholders voted in favor of its acquisition of SolarCity on Thursday. CEO Elon Musk said that the votes in favor of buying SolarCity were “overwhelming.” The deal is worth $ 2.6 billion. Musk owns about 20% of both companies and is chairman of SolarCity. Musk is also the cousin of SolarCity’s CEO […]

Vivocom executive director Choo Seng Choon In an announcement to Bursa Malaysia this evening, Vivocom Intl Holdings Berhad (“Vivocom”; stock code 0069) said that the company will be undertaking a bonus issue of up to 870,311,821 new Vivocom Shares to be credited as fully paid-up on the basis of one (1) Bonus Share […]

AP Photo/Noah Berger Elon Musk Elon Musk, the CEO of Tesla Motors, just hung an albatross around his shareholders’ necks. Through Tesla, Musk has made an all stock deal offer for embattled solar energy firm, SolarCity, which Musk co-founded. He said that this deal would help to make Tesla the first “vertically integrated energy company offering […]

Benjamin Zhang/Business Insider Tesla’s factory in Fremont, California. Tesla shares have been on an impressive run since the company’s IPO, up over 1,000% and topping out in September of last year near $ 300. The biggest Tesla bulls on Wall Street think that the automaker could got to $ 450.  But the bears see the […]

REUTERS/Bobby Yip An exhibitor stands in front of a booth displaying Rolls-Royce aircraft engines. Rolls-Royce’s fortunes might finally be turning around, and giving their biggest investor more say in how the company is run looks to be helping. Reports from Sky News suggest that senior representatives from Rolls-Royce and the company’s biggest shareholder, American investor […]

Bank of America is facing a critical vote next week — and it looks like the board is pulling out all the stops to avoid an embarrassing defeat. On Tuesday, shareholders will be asked to vote on whether or not CEO and chairman Brian Moynihan should keep his chairman title. Eager to win the “yes” vote, the […]

The first thing you see when opening JPMorgan Chase’s annual shareholder letter is a photo of CEO Jamie Dimon looking like a regular guy (dad jeans, button down gingham-print shirt, and an oversized blazer). You’ve got to love Dimon’s style, though. He’s a Wrangler jeans wearing kind of CEO. He also has a penchant for wearing Hawaiian shirts. […]