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Jefferies in blowout performance

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Jefferies Group, burned worse than its peers by market turmoil at the start of 2016, generated six times more revenue from trading in this year’s fiscal first quarter and returned to profit for the period.

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RBS building

Sky News - RBS accelerates settlement talks

Royal Bank of Scotland (RBS) has accelerated talks about a legal settlement with thousands of former investors, weeks before a trial that would see former chief executive Fred Goodwin called to give evidence.

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Wolf

New hedge fund delivering out-sized returns

Two former associates of billionaire shipping and rig tycoon John Fredriksen are delivering out-sized returns by snapping up distressed and shunned oil-related assets. And they say it’s a bet that has plenty of room to run.