A Royal Bank of Scotland executive has denied the bank profits from small business customers in financial distress.

ALVAREZ and Marsal, BlackRock, Oliver Wyman, Pimco: The names mean nothing to the average European.

Royal Bank of Scotland is facing allegations of “unscrupulous” treatment of small businesses in a report claiming the lender drove firms to collapse to buy back their assets at rock-bottom prices.

Spanish banks will need a total of €59.3bn in extra capital to ride out a serious economic downturn, an independent report said yesterday, removing a major obstacle in the way of an international bailout for Madrid.

An independent audit of Spain’s troubled banks shows a shortfall of €59.3bn to cover for an economic downturn.

I am ignorant of the workings of the financial world but, about I was recently asked: “Who are — or were — Anglo Irish Bank?”

I am ignorant of the workings of the financial world but, about I was recently asked: “Who are — or were — Anglo Irish Bank?”

Spain’s troubled banks could need as much as €62bn in new capital, independent auditors have calculated.

Irish economists have advised Spanish authorities awaiting the results of stress tests on their banking system to “imagine the worst and double it”.

Spain is expected to ask the eurozone for help with recapitalising its banks this weekend, sources in Brussels and Berlin said yesterday, becoming the fourth country to seek assistance since Europe’s debt crisis began.

Irish Life & Permanent (IL&P) is revamping its corporate governance structure following the multi-billion euro loans controversy with Anglo Irish Bank.

Aer Lingus has announced that it is entering into final contract negotiations with a number of suppliers for maintance following a tender process for the provision of maintance services.

AER LINGUS yesterday said it is too early to say whether it will reassign its entire maintenance contract from the current operator SR Technics with the likely loss of up to 1,500 jobs.