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RBS search for new chairman

RBS building

Directors of Royal Bank of Scotland have begun discussions about the appointment of a new chairman as Sir Philip Hampton prepares to step down from the taxpayer-backed lender.

UK unemployment unexpectedly rises to 7.2%

Hard Hat In Office Tray

The U.K. unemployment rate rose in the three months to December, edging up to 7.2 percent compared with 7.1 percent in the three months to November, according to the Office for National Statistics.

UK companies ended 2013 on a high

Hot Air Balloon

U.K. companies posted their best results in two years during the fourth quarter, with post-tax profits up 52 percent, according to a report from equity services provider The Share Centre.

Markets more vulnerable to trader stress

Depressed - Head In Hands

Financial markets may be more vulnerable to traders' stress levels than previously thought, according to a scientific study which found that high levels of the stress hormone cortisol can induce risk aversion.



Box Hedge

The second coming of Steven Cohen

Conceived as an emergency exit strategy and incubated under intense pressure, Steve Cohen's second corporate incarnation has developed into a childhood prodigy.