Seven years, three chief executives and �45bn of taxpayer funds later, the British government's decision to start selling its stake in Royal Bank of Scotland marks a key moment in the UK financial industry's recovery after the crisis.
Puerto Rico pays just $628,000 toward a $58m debt due Monday as lack of liquidity continues to hamper its ability to dig out from under estimated $72bn debt load.
NEW DELHI: In a smart recovery, the manufacturing sector grew at its fastest pace in six months in July on increased export order flows but hiring remained sluggish, a monthly survey showed today.
HSBC is likely to retain its UK arm but may change its name, the bank's boss declared yesterday. A sale of the retail division, including branches, looked on the cards when, two months ago, HSBC moaned about an industry shake-up.
A further slide in global oil prices has driven Wall Street lower, along with renewed worries about the strength of the Chinese economy.