Lehman Europe wind-up plan rejected

A PwC plan to help speed up the winding-up of Lehman Brothers in Europe was rejected by the Court of Appeal on Friday

• In depth: Lehman Brothers
• PwC fees mount to £154m in Lehman wind-up

RBS hit by £3.3bn impairment charges

The state-owned lender, which this week agreed changes required by Brussels in return for further state funds, swung to a pre-tax loss of £2.2bn from a £2.2bn profit a year ago

Sumitomo Trust, Chuo Mitsui in merger talks

Sumitomo Trust & Banking and Chuo Mitsui Trust are in merger talks to create Japan’s largest trust bank by assets

Lex: Royal Bank of Scotland

‘Separability’ is now a buzzword in UK banking circles and it is not hard to see why, given that regulatory risk is as great as it could be

Lex: Sumitomo Trust / Chuo Mitsui

Japan’s number five and eight banks by market capitalisation confirmed reports they are in merger talks to form the country’s largest trust bank

RBS chief faces up to staff cut criticism

Stephen Hester claims ‘public and media excoriation’ that had been heaped on RBS bankers led to a ‘loss of people that had been damaging but not destructive’

Lex: TPG / IMS Health

TPG, which this year said it had snubbed 140 LBO opportunities, has jumped back on the wagon to lead the year’s largest

Citi to relaunch troubled hedge fund unit

Citigroup is poised to relaunch the unit containing its troubled hedge fund operations after nearly two years of poor performance, internal strife and investor unrest