RBS to cut 443 jobs in UK, move many of them to India
June 25 British lender Royal Bank of Scotland is planning to cut 443 jobs dealing with business loans and many of them will move to India, the bank said.
Dec 9 British buyout firm Electra Private Equity said on Friday that it made a total return of 35 percent in the year ended September, helped by M&A deals and record total investment returns.
The company said it would pay a second interim dividend of 110 pence a share and that a review of its portfolio would begin in June next year.
Electra undertook a strategic review, including of the performance reporting of its companies, after activist investor Edward Bramson, who heads Sherborne Investors, fought his way onto the board in 2015 after a bitter battle lasting almost two years.
The review decided to end its relationship with its portfolio manager - Epiris, formerly known as Electra Partners - with the formal separation due to take place in May next year.
The second phase of the strategic review will include a review of the investment portfolio after June 2017, once Epiris has left, and a review of the Electra's future capital allocation policy. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Rachel Armstrong)
MILAN/ROME, June 25 Italy began winding up two stricken Veneto-based banks on Sunday in a deal that will see their good assets transferred to Intesa Sanpaolo and could cost the state up to 17 billion euros ($19 billion).