The UK government is reportedly in advanced talks to sell parts of semi-nationalised Royal Bank of Scotland Group to Abu Dhabi sovereign wealth funds.
The BBC reports that the government is prepared to sell part of its majority stake in the bank at a loss in a bid to stimulate private sector interest in the bank.
Ben Bernanke, chairman of the Federal Reserve, has warned that big falls in US unemployment could be a “one-off” if economic growth does not return, reports the Financial Times.
Mario Draghi, president of the European Central Bank, has called for more decisive measures from eurozone members in a bid to help restore investor confidence, writes Bloomberg.
Life insurance consolidator Resolution could split into two – a life insurance business and a zombie fund business – to make it more appealing to investors, writes Reuters.
Administrators of high street retailer Game Group are to close half of its branches and cut 2,100 jobs in a bid to make the business attractive to potential buyers, according to the Telegraph.