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Business

More massive losses at Royal Bank of Scotland

Royal Bank of Scotland has sunk deeper into the red and said it is likely to take even longer than expected to return to profit.

Royal Bank of Scotland has sunk deeper into the red and said it is likely to take even longer than expected to return to profit.

News

Bank of England fights Brexit vote slowdown with stimulus

Britain's central bank has unveiled a series of stimulus measures to help protect the economy from the effects of the vote to leave the European Union.

Britain's central bank has unveiled a series of stimulus measures to help protect the economy from the effects of the vote to leave the European Union.

Business

Shares rise, pound drops on UK stimulus measures

UK finance minister Philip Hammond has welcomed the stimulus measures announced by the Bank of England; in reaction London's FTSE 100 share index rose and the pound fell in value.

UK finance minister Philip Hammond has welcomed the stimulus measures announced by the Bank of England; in reaction London's FTSE 100 share index rose and the pound fell in value.

Business

Monte dei Paschi bank 'about to fall out of top share listing'

Italian bank Monte dei Paschi di Siena is reportedly about to be removed from the STOXX Europe 600 index - a listing of the region's top shares.

Italian bank Monte dei Paschi di Siena is reportedly about to be removed from the STOXX Europe 600 index - a listing of the region's top shares.

Business

HSBC to buy back shares amid profit slump

HSBC.,Europe's biggest bank, just reported a 29 percent drop in pretax profits for the first half of 2016 and will buy back $2.5 billion worth of shares.

HSBC.,Europe's biggest bank, just reported a 29 percent drop in pretax profits for the first half of 2016 and will buy back $2.5 billion worth of shares.

Business

Prime Minister Renzi tries to sound confident about Italian banking crisis

Italy's Prime Minister Matteo Renzi has been talking up the country's third largest bank, Banca Monte dei Paschi di Siena, even after it received the worst score in Europe-wide stress tests.

Italy's Prime Minister Matteo Renzi has been talking up the country's third largest bank, Banca Monte dei Paschi di Siena, even after it received the worst score in Europe-wide stress tests.