National Westminster Bank yesterday lost hope of remaining independent, leaving victory within the grasp of Royal Bank of Scotland (RBS), reports the Financial Times.

NatWest's board met yesterday morning at it became clearer that RBS was gaining the upper hand over a rival offer from Bank of Scotland, and appears to have decided that there was little to be gained by holding out longer.

NatWest braced to surrender as RBS closes in

National Westminster Bank

Royal Bank of Scotland (RBS)

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Milbank hires private equity M&A rising star in Germany

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The largest U.S. crypto exchange’s revenue fell short of Wall Street expectations.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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The shooter who killed four including Blackstone executive and NYPD officer left suicide note indicating he believed he had CTE from brain trauma, Adams says

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Bosses aren’t just unapologetic about staff cuts. Many are touting shrinking head counts as accomplishments in the AI era.

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