Royal Bank of Scotland warned of a “noisy” 2015 as the bailed-out bank was hit by £1.3bn of charges for fines and compensation payouts to customers in the first half of the year.
Here's Bloomberg Markets magazine's annual ranking of the world's strongest banks.
Deutsche Bank, which runs Europe’s biggest investment bank, said second-quarter profit more than tripled after a surge in trading revenue more than offset higher legal expenses.
Royal Bank of Scotland unexpectedly posted a second-quarter profit as the British government prepares to reduce its stake in the lender, even as it set aside more money for litigation and restructuring.
More than 12,000 jobs are being axed by two of Britain’s leading energy companies on the back of lower oil prices and major internal restructuring.
Uber, the taxi-app firm, is facing legal action over whether it affords its drivers basic rights and treats them as employees rather than “partners” or “contractors”.
Quintain Estates and Development, the developer behind Wembley Arena, has been bought by US private equity group Lone Star for £700m.
Nearly two-thirds of companies face "significant" cyberattacks on a daily or weekly basis, according to an Accenture survey of senior executives across the globe.
The GlaxoSmithKline CEO, Sir Andrew Witty, said the Chinese drug market has slowed down dramatically over the past year but insisted that the drugmaker’s own business is stabilising, as it unveiled second-quarter results that beat City expectations.
The Federal Reserve on Wednesday continued to pave the way for an increase in interest rates as early as September.
Deutsche Bank, Barclays and 11 other foreign banks have spent several billion dollars in the past three years complying with a new Federal Reserve rule that will trap capital in the U.S. and boost costs.
Royal Bank of Scotland CEO Ross McEwan has warned staff that Britain's decision to leave the European Union has caused a range of economic uncertainties "in the short, medium and long term", a memo seen by Reuters showed.
Contagion from the U.K. financial sector poses a risk to the U.S. following Britain’s decision to quit the EU, Goldman Sachs said on Wednesday.