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2,600 jobs to be axed at RBS in the next year

The Royal Bank of Scotland has announced plans to cut 2,600 jobs in the UK in the next year, with 2,000 of these being in its insurance arm.

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PMS launches two-year deals starting at 3.45%

PMS is launching two discounted rate deals through Hinckley & Rugby Building Society. The first is a two-year deal at 3.45% at up to 80% LTV and the second is a two-year deal at 3.95% at up to 85% LTV.

Sub-Saharan Africa Near-Term Outlook

By Paul Caruana-Galizia, Neptune Economist

Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.

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