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.
U.S. stocks dropped on Monday as energy companies slid along with the price of oil. Crude fell to the lowest level since March on signs that supplies remained ample as demand was expected to weaken.