Goldman returns to RBS fold

Goldman Sachs has returned to work with Royal Bank of Scotland after missing out on bumper fees from its €71bn ($113bn) acquisition of ABN Amro last year.

RBS has hired Goldman Sachs and Merrill Lynch to underwrite a rights issue that could be announced as early as next Monday, according to people familiar with the matter. Goldman Sachs and Merrill Lynch declined to comment.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire