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.
(Adds that Puerto Rico stopping paying deposits to GO fund). By Megan Davies and Jessica DiNapoli. NEW YORK Aug 3 (Reuters) - Puerto Rico has defaulted on debt by paying only a fraction of what was due Aug. 1, showing the depth of the island's ...
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.
Wall Street ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China raised concerns about the world's second-biggest economy.