RBS

The Royal Bank of Scotland has unveiled a new range of ETFs on the London Stock Exchange, to meet the increasing demand for low-cost, liquid and diversified market exposure.

The Government could look to offload part of its RBS stake as early as next year as the bank moves to complete an overhaul of its business, chief executive Stephen Hester says.

The Office for National Statistics will postpone its next release of data on economic growth, in an highly unusual move for the official statistician.

Santander, Spain's biggest bank, is the sole remaining bidder for the 318 Williams & Glynn branches being offloaded by Royal Bank of Scotland.

BP is facing a bill of up to $34bn from the Gulf of Mexico disaster after US senators demanded the oil company deposited $20bn into a ring-fenced account to meet escalating compensation costs.

The Office of Fair Trading (OFT) has announced a probe into parts of the investment banking industry.

The FTSE closed slightly down this afternoon after a turbulent day which saw Prudential finally back down from its bid for AIA.

Nationalised bank RBS has axed 500 jobs at its wealth management unit as part of a restructuring plan.

Royal Bank of Scotland (RBS) plans to cut around 2,600 UK jobs over the next year.

Virgin Money has been dropped from the race to buy up 318 RBS branches, sources familiar with the matter said at the weekend.