Bloomberg Royal Bank of Scotland Group Plc rose to a one-year high after the bank said it will scrap the planned sale of its Williams & Glyn consumer-banking unit. The shares gained as much as 6.4 percent and were up 11.2 pence to 254 pence as of 8:58 a.m., the highest among British banks in London trading on Monday. ...

  Bloomberg Chinese banks had more than 26 trillion yuan ($3.8 trillion) of wealth-management products held off their balance sheets at the end of December, a 30 percent increase from a year earlier, according to the central bank. The expansion of this form of shadow banking, with money eventually being diverted to quasi-loans and bonds, outpaced the 10 percent growth ...

  Bloomberg In the shadows of the Alps, Swiss companies are confronting a new reality: They won’t be adding manufacturing jobs in the country anytime soon — not for humans, anyway. Faced with an unsinkable franc and among the highest average annual wages in the world, Swiss companies looking to expand face a simple choice: add robots or leave. Fragrance-maker ...