VTB will keep investment banking base in London

Thumbs Up At Desk

Russian bank VTB plans to cut costs by slimming down its operations in the European Union to focus on Frankfurt while keeping London as the base for its investment banking business , the bank's first deputy president said.

RBS CEO criticizes former bank boss


Royal Bank of Scotland CEO Ross McEwan criticized the bank’s former vice-chairman, Angus Grossart, for looking to join a lawsuit seeking more than $1.25bn from the taxpayer-owned lender.


Packed Lunch

Traders may get their lunch back

Singapore Exchange Ltd., which runs the city’s equity market, is considering reinstating the midday intermission, according to people familiar with the matter. SGX in 2011 scrapped the break, which lasted from 12:30 p.m. to 2 p.m. every day, in an effort to boost trading.