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RBS cuts losses, bank profits slump

Reuters - 33 mins ago

LONDON (Reuters) - Losses at part-nationalised Royal Bank of Scotland more than halved in the third quarter with a sharp reduction in bad debt writeoffs, despite a slump in profits at its beleaguered investment bank. More »

Kraft in waiting game for Cadbury
Reuters - 34 mins ago
LONDON (Reuters) - Kraft Foods is persisting in its waiting game as a deadline for its acquisition of confectioner Cadbury nears, and many see a formal bid coming in close to its tight first offer. More »
UK gives impetus to global banks tax
Reuters - 1 hour 59 mins ago
ST ANDREWS, Scotland (Reuters) - Britain urged world governments on Saturday to consider a levy on banks to fund future bailouts, departing from long-held opposition, though there was little sign of the consensus needed to make it fly. More »
FSB to check up on G20 bonus curbs implementation
Reuters - 2 hours 12 mins ago
ST ANDREWS, Scotland (Reuters) - The world's top countries will be checked on whether they are sticking to new rules on curbing bank bonuses, a global supervisor said on Saturday following calls from France for strict compliance. More »
Berkshire Hathaway's net income triples
Reuters - Yesterday, 11:48 pm
NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Friday said quarterly earnings tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit. More »
Can Kraft CEO pass on Cadbury chocolate?
Reuters - Yesterday, 07:26 pm
CHICAGO/LONDON (Reuters) - Can Kraft Foods Inc Chief Executive Officer Irene Rosenfeld survive without a chocolate fix? More »
G20 tries to roll back moral hazard in banks
Reuters - Yesterday, 06:57 pm
ST ANDREWS, Scotland (Reuters) - Finance ministers from the world's big economies launch difficult discussions this weekend on how to deal with banks whose failure could destabilise economies. More »
GM Europe chief to leave company
Reuters - Yesterday, 05:37 pm
FRANKFURT (Reuters) - The head of General Motors' European business, Carl-Peter Forster, is leaving the company after the surprise decision by GM's board to block the sale of Opel, two sources close to the situation told Reuters. More »
Lottery firm Camelot for sale - bankers
Reuters - Yesterday, 04:11 pm
LONDON (Reuters) - National lottery operator Camelot's five shareholders have asked bidders to submit offers in around two weeks in a sale that could fetch more than 500 million pounds, two bankers said on Friday. More »
Former WorldPay boss keen to buy RBS WorldPay
Reuters - Yesterday, 03:43 pm
LONDON/NEW YORK (Reuters) - A founder of part of payment-processing business RBS WorldPay is interested in buying all of the business back from Royal Bank of Scotland (RBS) after European competition authorities told the UK bank to sell it. More »