Royal Bank of Scotland Group Plc didn’t deliberately push small businesses into default in order to buy their assets at a discount, according to a law firm hired by the lender to investigate the allegations.
Barely 26 years old, Zhang Xi has studied at an elite American university, worked for an investment bank in Hong Kong and an oil company in Beijing and now may launch an Internet startup with two friends.
Hitachi Ltd. said it secured 2.7 billion pounds ($4.5 billion) from international institutions to finance its contract to build 65 high-speed trains for use on Britain’s East Coast rail line between London and Scotland.
European property-loan sales will rise 65 percent to a record 50 billion euros ($69 billion) this year as improving economies in the region prompt investors to set aside more money for deals, Cushman & Wakefield Inc. said.
RSA Insurance Group Plc said the head of its U.K. and western Europe business will leave the company, marking the first resignation of a senior manager since Stephen Hester was hired to revamp the British insurer.