Royal Bank of Scotland CEO McEwan to step down after more than five years
Royal Bank of Scotland is searching for a new chief executive after Ross McEwan resigned, signaling a fresh start as it heads for full private ownership after a state bailout.
SoftBank invests in Alphabet business for cellphone antennas in the sky
A SoftBank Corp subsidiary said on Wednesday it had invested $125 million in an Alphabet Inc company that is working to fly cellphone antennas high in the atmosphere to provide internet in areas that are difficult to reach.
Nokia plunges to surprise quarterly loss, shares slump
Finnish telecom network equipment maker Nokia plunged to a surprise quarterly loss due to a delay in booking 5G payments and said on Thursday the security dispute surrounding rival Huawei was creating near-term pressure to invest.
Deutsche Bank and Commerzbank merger talks are expected to fail: source
Merger talks between Deutsche Bank and Commerzbank are expected to end in failure, although no final decision has been taken, a person with knowledge of the matter said on Thursday.
PSA revenue hit by overseas decline, Iran withdrawal
Peugeot maker PSA Group reported a 1.1 percent decline in first-quarter revenue, as a sales decline outside Europe and currency challenges outweighed pricing improvements.
China’s bankers in uncharted waters as Shanghai launches U.S.-style tech board
As Chinese investment banker Liu Guangfu prepares to file an application for his client to list on Shanghai’s Nasdaq-style technology board, he is heading into uncharted waters: how to price the new shares and sell them to the right investors.
Bayer gets Monsanto profit boost but legal burden mounts
German drug and farming supplies company Bayer posted a 45 percent gain in quarterly core earnings thanks to the acquisition of seed maker Monsanto, while the legal burden it took on with the deal mounted.
Swedbank admits anti-money laundering failings, cooperating with U.S. authorities
Swedbank admitted to previous shortcomings in combating money laundering on Thursday and said it was cooperating with investigating authorities, including in the United States.
PSA revenues hit by decline in overseas sales and pullout from Iran
Peugeot maker PSA Group reported a 1.1 percent decline in revenue, as falling overseas sales outweighed pricing improvements in the first quarter.
Gucci owner Kering close to settling Italian tax case for 1.3 to 1.4 billion euros: sources
French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters on Thursday.
