RBS, 58% owned by the government, slumped to a 23 year low today. FTSE closed at 4108.5 (38.6 points down).
KBC, whose stock trades on Euronext Brussels, slumped 20%, going from about 16 euro to 12 euro and finishing around 13 euro. The stock has been tumbling since a Moody's report Thursday said it had revised assumptions used to evaluate KBC's CDOs. KBC were forced to issue a statement saying the share price had come under pressure as a result of rumours circulating in the market.
In tech, Yahoo's new CEO, Carol Bartz, will reportedly get $19m in compensation, in addition to bonus and stock options (base == $1m). She will not be able to exercise her options until after 4 years. Carol's board memberships are detailed here. She made her career at Autodesk, her profile is here. In 2007 rumours of a Microsoft bid for Yahoo send YHOO stock up 18% in one day. Will Microsoft bid again for Yahoo in 2009?
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