RBS executives set for multimillion-pound payouts

Royal Bank of Scotland is preparing to hand out shares worth an estimated £2.5m to its 10-strong management team.

Yen Weakness in Foreigners’ Hands Leaves Abe Exposed: Currencies

Japanese Prime Minister Shinzo Abe is entirely dependent on foreigners to deliver the weaker yen that’s the linchpin of his economic policies.

'Volcker rule' to curb banks set for vote by regulators

Five US regulators are voting on the Volcker rule, designed to restrict the finance industry in the wake of the 2008-09 financial collapse.

BOE Says It’s Alert to Stability Risks From Housing Market

The Bank of England said Britain’s housing-market recovery is gaining momentum and its Financial Policy Committee is ready to act if any risks to stability emerge.

Hong Kong Takes a Second Look at Changes to Corporate Database

HONG KONG — The second-highest official in Hong Kong said Wednesday that the government was reviewing a proposed rule change that had triggered a groundswell of worry among global banks, accounting firms, investors and media companies who fear the loss of a powerful tool against corruption in China.

Banks shrink as job cuts near 160,000

Major banks have announced about 160,000 job cuts since early last year and with more layoffs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two to one.

RBS to pay £400m dividend to preference share holders

RBS is working on plans to “turn the tap back on” for a £350m-£400m dividend payment to preference shareholders as the bank addresses a clutch of hurdles in its quest to privatise the Government’s 82pc stake.