W&G Investments to Offer $2.4 Billion for RBS Branches

W&G Investments Plc, the investment vehicle led by former Tesco Plc Finance Director Andrew Higginson, plans to make a formal bid today of as much as 1.5 billion pounds ($2.4 billion) for 316 Royal Bank of Scotland Group Plc branches.


Commerzbank Quarterly Profit Falls 84%

Commerzbank, which increased capital for the fifth time in four years in May to repay the state aid from 2009, is grappling with souring loans in shipping and commercial real estate.