Royal Bank of Scotland posted a pre-tax loss of £1.4 billion on Friday as it confirmed it was on the verge of repaying the last of £75 billion of UK government-backed funding it received during the financial crisis.
Facebook Inc aims to raise about $10.6 billion in Silicon Valley”s largest IPO, dwarfing the coming-out parties of tech companies like Google Inc and granting the world”s largest social network a market value close to Amazon.com”s.
Argentina”s Congress nationalized the country”s biggest oil company YPF by an overwhelming lower house vote on Thursday that underscored broad popular support for a measure that threatens to scare off foreign investment.
French bank BNP Paribas SA said on Friday it had completed 80% of a restructuring plan intended to distance the company from Europe”s continuing debt crisis, and posted firmly higher first-quarter net profit.
Bank of America has held talks with lawyers for more than 1,000 former Merrill Lynch brokers that could lead to a settlement costing the bank hundreds of millions of dollars, according to people familiar with the matter.
