EDINBURGH Royal Bank of Scotland Chairman Howard Davies said the state-backed lender was preparing as best it can for a potential phase of economic instability following a referendum on Britain's membership of the European Union.
An auction to sell Britain's Charter Court Financial Services has been abandoned by the buy-to-let mortgage lender's controlling investor as potential buyers were not willing to match the asking price, two sources told Reuters on Wednesday.
BERLIN Germany has raised its tax revenue estimates for this year by 5.0 billion euros (4 billion pound), Finance Minster Wolfgang Schaeuble said on Wednesday, citing an economic upswing and record-high employment.
BERLIN German Finance Minister Wolfgang Schaeuble said on Wednesday that dividend tax avoidance schemes used by banks, also known as cum-cum deals, may be legal, but were not legitimate.
LONDON Greater disclosure of all the capital requirements faced by banks would reinforce financial stability and reassure investors no hidden dangers lurk on balance sheets, a top European Union banking regulator said on Wednesday.
LONDON Bad loans and fines for misconduct will hold back European banks' profitability for longer than originally expected, the European Union's banking watchdog said on Wednesday.
PARIS EDF's former chief financial officer had urged the utility to delay a final investment decision on building Britain's Hinkley Point nuclear plant by at least three years, he told France's parliament on Wednesday.
LONDON Oil rose above $45 a barrel on Wednesday as reduced production in Canada's oil sands region due to a wildfire pushed aside concern about excess global supplies and expectations of rising U.S. crude inventories.
ATHENS Greece's sole oil producer, Energean Oil & Gas, has stepped up daily production by about 30 percent since early January, it said on Wednesday, as the debt-ridden country seeks to tap into its limited oil reserves.
FRANKFURT Hundreds of millions of hacked usernames and passwords for email accounts and other websites are being traded in Russia's criminal underworld, a security expert told Reuters.