RBS

The Government could look to offload part of its RBS stake as early as next year as the bank moves to complete an overhaul of its business, chief executive Stephen Hester says.

The Office for National Statistics will postpone its next release of data on economic growth, in an highly unusual move for the official statistician.

OPM Fund Management has bought its second reverse convertible product in two weeks, to benefit from volatility in the share prices of property companies.

Santander, Spain's biggest bank, is the sole remaining bidder for the 318 Williams & Glynn branches being offloaded by Royal Bank of Scotland.

BP is facing a bill of up to $34bn from the Gulf of Mexico disaster after US senators demanded the oil company deposited $20bn into a ring-fenced account to meet escalating compensation costs.

The Office of Fair Trading (OFT) has announced a probe into parts of the investment banking industry.

OPM Fund Management has invested in a reverse convertible product covering three UK banks in the view their share prices are unlikely to significantly fall over the next year.

Royal Bank of Scotland (RBS) has reported operating profits of £713m in the first three months of the year, rebounding from a loss of £1.35bn for the same period last year.

Warren Buffett has vigorously defended Goldman Sachs against fraud allegations being levelled at the investment bank.

Taxes must rise sharply over the next decade to bring down borrowing, according to the National Institute of Economic and Social Research (Niesr).