Royal Bank of Scotland Group Plc hid or failed to disclose information regarding the identities of sanctioned parties in 3,500 transactions valued at approximately $523 million, the New York Department of Financial Services said in a statement today.
Royal Mail, the newly-privatised postal service, will be joining the FTSE 100 index of blue-chip companies. The company's share price has surged more than 80% since its first day of public trading on 15 October, giving it a market capitalisation of nearly �6bn.
The Bank of England's policy of forward guidance has not been effective in stimulating the pace of recovery, one of its interest rate setters said on Wednesday in the first breach of the central bank's advocacy of its new monetary policy strategy.
Monarch is buying the new short-haul planes as part of a turnaround programme it began two years ago to help it compete with no-frills carriers.
(Reuters) - Hilton Worldwide Inc BLKSHW.UL, the world's largest hotel operator, raised roughly $2.34 billion in its IPO on Wednesday after pricing shares toward the high end of the range.