RBS

Industry veteran believes the case for equity income will return in line with dividends this year

Aberdeen has acquired £13.5bn of long-only multi-manager and fund of hedge fund assets from RBS Asset Management for £84.7m.

Aberdeen Asset Management is in talks to acquire Royal Bank of Scotland's fund management division, reports suggest.

Brazil's largest bank is considering buying stakes in UK giants Royal Bank of Scotland and Lloyds Banking Group, according to The Sunday Times.

There has rarely been a dull moment this year. A 20% fall in the UK equity market by early March has given way to close to a 50% bounce.

Banks led the FTSE to an early gain in Thursday trade following reports Bank of America (BoA) is poised to repay its $45bn US Government bailout.

HSBC says it will cut 1,700 jobs in the UK.

Midas Capital today reports a loss for the first half of 2009 but says improving fund performance and a successful restructure of the business have put it in a good position for future growth.

Bank of England governor, Mervyn King, says RBS and HBOS were within hours of a liquidity shortfall on 6 October 2008, and the day after, as the country's financial system came to the brink of collapse.

Royal Bank of Scotland is to consider a £3bn-£4bn share issue to reduce the stake it would hand to the government for joining its toxic assets insurance scheme and has approached its biggest investors about the idea, the FT reports.