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RBS agrees £3.6bn settlement with US over mortgage probe

Royal Bank of Scotland agreed to pay $4.9bn (£3.62bn) to settle a US Department of Justice probe into its packaging and sale of mortgage-backed securities before the 2008 financial crisis The tentative agreement means the government-owned bank would need to take a $1.44bn charge in the second quarter to pay the …

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Companies face action for failing to reveal pay gaps

Almost 500 UK companies that have failed to disclose details of their gender pay gaps will face legal action. Companies that did not comply with the new requirement to report pay gap details between their male and female staff are breaking the law, the Equality and Human Rights Commission …

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Funding Circle hires Keers before £2bn float

Funding Circle, the UK’s biggest peer-to-peer lender, will this week take another step towards a £2bn London flotation by naming its first female non-executive director. Sky News understands that the company, which is targeting a listing soon after the summer, will announce that former O2 executive Cath Keers is …

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Walmart buys $16bn stake in India's Flipkart

Walmart is entering the Indian online market by paying $16bn (£11.8bn) for a majority stake in one of the country’s leading web-based retailers. Walmart will buy a 77% stake in Flipkart, the US retailer’s largest-ever acquisition, as it attempts to shore up its international online sales ambitions against the …

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Vodafone snaps up European operations for €18bn

Vodafone has agreed to buy Liberty Global’s operations in four European countries in a deal worth €18.4bn (£16.1bn). The deal sees the UK-based telecoms giant take control of cable operators in Germany, the Czech Republic, Hungary and Romania. Shares rose 1% in early trading. Vodafone said the “transformative” purchase, …

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Goldman Sachs buys stake in digital mortgage broker Trussle

The Wall Street banking giant Goldman Sachs has agreed to buy a stake in Trussle, a UK-based online mortgage broker, underlining the growing appetite of established lenders to invest in financial technology start-ups. Sky News can reveal that Goldman’s Principal Strategic Investments (PSI) division is participating in a near-£14m …

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