RBS SUES Dubai Group and 2 Morning Hot Stocks Trending Now
Small and mid-business mobile profile creator LiveDeal (NASDAQ:LIVE) appoints Perry Teevens, former head of business development at Skype, as Senior Vice President Business Development in charge of strategic partnerships.
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Huge fines paid for links with Iran have not deterred banks such as Deutsche Bank (NYSE:DB), Santander (NYSE:SAN), ING and HSBC (NYSE:HBC) from continuing their business with Iran, according to the WSJ, though apparently many banks are in the midst of scaling down the size of their business with the country.
Dubai Group, a holding company owned by Dubai ruler Sheikh Mohammed bin Rashid al Maktoum, has been sued by RBS (NYSE:RBS), Commerzbank and Standard Bank, who want their loans repaid immediately by the Group. The move comes after talks to restructure its debt of $10 billion broke down three months ago.
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