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...Following the collapse in September of U.S. investment bank Lehman Brothers, RBS's depleted capital reserves - a consequence of that ABN deal - meant "the spotlight fell on us, and the share price dropped 60% in two days," Goodwin said. Added McKillop: "We are sorry we bought ABN Amro." At HBOS, said Hornby, who stepped down as its CEO in 2008 after only two years in the job, "years of reliance on wholesale funding left us in a vulnerable position." No kidding. When the meltdown in those markets occurred, HBOS was history. "The fundamental mistake that HBOS made was," said Stevenson...

Author: /time Magazine | Title: Britain's Bankers Say Sorry — Again and Again | 2/10/2009 | See Source »

...former Yankees Jason Giambi and Andy Pettitte by admitting to his use of steroids. In explaining the doping, Rodriguez cited the pressures of his peers and the new $250 million contract he had inked that year with the Texas Rangers—which at that point was the largest deal in the history of professional sports...

Author: By The Crimson Staff | Title: Error to the Third Baseman | 2/10/2009 | See Source »

...nordic and alpine teams that currently maintains a full roster of greater than six members, boasting seven active team members. “The women’s nordic team is the team with numbers,” Schulz said. “We have the depth necessary to deal with both injuries and illness.” Both the men’s nordic and alpine squads currently have four team members due to recent injuries, and McHugh is the lone member of the women’s alpine team that competed at the meet this weekend...

Author: By Thomas D. Hutchison, CRIMSON STAFF WRITER | Title: Choppy Snow Plagues Crimson | 2/9/2009 | See Source »

...center run by the Didi Hirsch Community Mental Health Center spiked 65% in the second half of 2008 over the previous year. There has also been a surge of training requests from fire and police departments from throughout Los Angeles County - even from a mortgage counseling company - to help deal with an upsurge in suicide risk. "The reality is we are already overwhelmed," says Dr. Kita S. Curry, the center's executive director. With any publicity about her center, calls spike, suggesting unmet need...

Author: /time Magazine | Title: Suicides: Watching for a Recession Spike | 2/9/2009 | See Source »

Habla Espanol? Intrepid Travel is offering a buy-one, get-one-half-price deal on Latin American packages. Choose from sailing and snorkeling in the Galapagos, sipping your way through the Malbec wine region in Chile and Argentina, or climbing to the ruins of Peru's Machu Picchu. Package prices range from $1,705 to $2,480. You can take a companion, or opt to use the half-price trip yourself as a separate booking. Travel must be arranged by Feb. 28. Quote code...

Author: /time Magazine | Title: Fashion Week's Couture Tea Cakes and Other Travel News | 2/9/2009 | See Source »

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