Rbs Set to Pay Out Pounds 55m Over Enron

Evening Standard - London (July 21, 2006)

Author: Robert Lea

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Summary

AS the NatWest Three today plead in a Houston courtroom for bail to return to the UK, Royal Bank of Scotland, the subsequent parent company of their investment banking operation, is understood to be close to paying out more than $100 million (Pounds 55 million) to settle its liabilities in the Enron scandal.

The three investment bankers - David Bermingham, Giles Darby and Gary Mulgrew, who worked for the former RBS subsidiary Greenwich NatWest - will hear later today the details of any bail terms they may be granted.

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Rbs Set to Pay Out Pounds 55m Over Enron

While their release to the UK looks doubtful, they may be allowed out of the US federal holding house and be allow...

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