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Banking

WireTap 0900 23/02/12

A round-up of the key stories across the specialist financial media, including news that RBS has posted a loss double that expected for 2011.


RBS posts loss twice as big as expected

Royal Bank of Scotland, Britain’s biggest government-owned lender, posted a wider full- year loss than analysts estimated after writing down Greek debt and compensating customers who were improperly sold insurance.

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G-20 asks Europe to beef up funds

Members of the Group of 20 advanced and developing economies plan to renew pressure on Europeans in the coming days to expand their Continent-wide bailout funds quickly, despite the latest rescue deal for Greece.

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Japan cuts in Iran crude imports could be over 20 percent: media 

Japan may cut Iranian crude oil imports by a more-than-expected 20 percent as it seeks a waiver from U.S. sanctions, a newspaper reported Thursday.

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Wen seen setting China growth target below 8% in 2012: economy 

Wen Jiabao is seen signaling next month that curbing pollution, inequality and the risk of financial instability eclipse the benefits of faster economic growth, a survey of analysts indicated.

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Obama and Romney unveil rival tax plans

President Barack Obama and Mitt Romney, his most likely Republican rival in this year’s election, battled for the mantle of tax reformer as they released competing visions for comprehensive reform.

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