Over-complicated RBS must lend more, says new chief executive Ross McEwan on first day in charge

Ross McEwan, said he wanted to “create a bank that is known for exceptional customer service and not for failure”, admitting that “sometimes we make it too hard for our customers to do business with us”.

Tesco in talks with China Resources Enterprise

China Resources Enterprise (CRE) is in talks with the UK retailer Tesco about merging their hypermarkets and supermarkets in China.