Bank lobby to approach EC over RBS' W&G alternative
A group of small banks, including CYBG and Secure Trust Bank, will lobby the European Commission, urging that Royal Bank of Scotland “sweeten” a £750m deal proposed as an alternative to the sale of Williams & Glyn. (Times)
Fidelity and Guaranty terminates $1.6bn sale
Fidelity and Guaranty Life Insurance has terminated a $1.6bn deal to sell itself to Beijing-based Anbang Insurance. The move will allow Fidelity and Guaranty to pursue other strategic alternatives. (WSJ)