Royal Bank of Scotland will outline plans Thursday to reduce the number of countries in which it operates by two-thirds to 13, a person with knowledge of the matter said.
"Our synergies are real," said Marianne Lake, pointing to some $15 billion in revenue and $3 billion in cost savings due to its business model.
Bank of America’s Henry Mulholland, head of equities for the Americas and a 25-year veteran of Merrill Lynch, is leaving the firm.
Royal Bank of Scotland could be broken up into 130 locally run banks and operated along the principle of the John Lewis Partnership rather than be privatised by the next government, according to a report published on Wednesday.
BHP Billiton plans to make further big cuts in spending, blaming a sharp fall in profits on the plummeting price of oil and other commodities.
The federal court has dismissed a case against Pfizer Australia which claimed the pharmaceutical giant misused its market power and engaged in anti-competitive conduct in the way it supplied one of its blockbuster drugs to pharmacists.
Douglas Flint admits to UK parliamentary committee that oversees the financial industry that he couldn't rule out further scandals.
Federal law requires JPMorgan Chase & Co to disclose Iran-related transactions, which the bank did Tuesday ... all $9 of them.
Deutsche Bank and Hewlett-Packard have announced a ten-year, multibillion dollar agreement that will further modernise the Bank’s global information technology environment and aims to significantly reduce related IT infrastructure costs.
A further restructuring ?
Companies as diverse as the household goods group Reckitt Benckiser, Standard Chartered bank and the advertising giant WPP could be the next to face showdowns over pay as investors prepare to vote at forthcoming annual meetings.
Worries about the EU referendum in June and over a resurgence of the eurozone crisis have knocked consumer confidence in the UK to its lowest level in more than a year, according to a report.
Stress is the single biggest cause of sickness in the UK and affects 1 in 5 of the working population.