Bloomberg Rolls-Royce Holdings Plc’s Warren East said he’s keen to lead the engine maker into a new age of electrically powered aircraft after spending years focussed on costs cuts and restructuring. The CEO, recruited by Rolls from semiconductor developer ARM Holdings Plc, said his enthusiasm for leading the UK engineering giant is undimmed by the saga of firings, disposals and …

Bloomberg Goldman Sachs Group Inc. and Morgan Stanley improved on last year’s poor results in the first round of the latest Federal Reserve stress tests, a sign they may have more flexibility to boost payouts to shareholders. In figures posted by the Fed, the pair didn’t come as close to breaching regulatory minimums as they did last year, offering hope …

Bloomberg While global banks have been pouring money into information technology — to the tune of $1 trillion over three years — only a handful appear to be fully committed to a digital transformation and are therefore reaping the benefits, according to an Accenture Plc study. Just 19 of the 161 largest retail and commercial banks that the consulting firm …