Bloomberg Royal Bank of Scotland Group (RBS) will sell its stake in a Chinese securities joint venture to Guolian Securities Co. for 354 million yuan ($52 million), becoming the latest foreign bank to leave its mainland partnership. The Edinburgh-based bank bought the 33.3 percent of Hua Ying Securities Co. for 266.4 million yuan and will sell it at 1.2 times ...

Bloomberg Cerberus Capital Management is weighing a plan to purchase a stake in Commerzbank AG as the U.S. buyout firm seeks to add investments in European lenders, according to people familiar with the matter. Cerberus is considering building a minority stake by buying shares in the German bank on the market, the people said, asking not to be identified because ...

Bloomberg Canadian business leaders reported the strongest outlook since 2011 including record hiring plans, according to a central bank survey. The overall Business Outlook Survey Indicator — an aggregate gauge — measured 2.81, up from 0.73 in the last report, according to the Bank of Canada’s quarterly Business Outlook Survey published in Ottawa. Results for nearly all survey questions were ...