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RBS has slashed bonuses

Cut costs

Royal Bank of Scotland (RBS) bankers are in for a disappointing bonus season, after the lender said it had cut its bonus pool by eight per cent.

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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.

Five Euro Note

How France scrapping the euro could go beyond a ‘Lehman moment’

Past performance is no guide to future returns, as investors are so often told, but the French electorate runs the risk of creating a crisis worse than the fall of Lehman Brothers if it follows the U.K. in instigating a referendum on EU membership, according to analysts at Deutsche Bank.

Gavel

Ex-SocGen trader wins court hearing

Former Societe Generale trader Stephane Esper won a French court ruling blocking a request by U.K. prosecutors to extradite him to face charges for rigging a key interest-rate benchmark.

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