Financial news

Royal Bank of Scotland's CEO McEwan to step down

Royal Bank of Scotland is searching for a new chief executive after Ross McEwan said he was resigning, signalling a fresh start as it heads for full private ownership after a state bailout.

CMA blocks Sainsbury's £12 billion merger with Asda

The UK competition watchdog has blocked Sainsbury's £12 billion merger with Asda on the grounds that it would result in higher prices for consumers and damage competition.

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