M & A wrap: RBS’s fresh jobs cull
Royal Bank of Scotland abandoned ambitions to be a top global investment bank and said it would cut another 4,450 jobs as it bows to pressure from the UK government to shut down risky operations and prepare for tougher international regulations.
General Motors could shift more vehicle production to its European factories in a cost-cutting deal with its German union that could avert a damaging standoff and keep Opel out of bankruptcy, people familiar with the discussions told Reuters.
South Korea’s Samsung Electronics is open to forging an alliance with Japan’s troubled Olympus Corp, potentially joining other electronics firms in circling one of the world’s biggest names in medical equipment.
Reuters reporters Svea Herbst and Katya Wachtel take an insightful look at the great hedge fund humbling of 2011.
The Wall Street Journal says Mitt Romney’s role at buyout firm Bain Capital is opening divisions in the Republican Party. On that note, is private equity a hero or villain, asks Randall Forsyth at the Barron’s.