Bank of America Merrill Lynch reshuffles European leadership

The American banker, who is a naturalised Briton and received an OBE for services to British banking, won plaudits for running UK Financial Investments, the body set up after the financial crisis to manage the government’s banking stakes.


Goldman Sachs to sell stake in pensions firm

The transaction is expected to value Rothesay at about $GBP2 billion, although that figure is not expected to be disclosed, according to a source close to one of the shareholders.