Banks urged to raise fresh capital

The taxpayer could be asked to stump up yet more cash to support Britain's banks after the Bank of England's new risk watchdog urged them to raise more capital to weather future financial shocks.

Lazard gets five weeks to find Royal Bank of Scotland's buyers

LONDON: Lazard, the largest non-bank merger advisor, has been given five weeks to find a buyer for all or parts of Royal Bank of Scotland Group's (RBS) equities and advisory operations before managers start firing employees, according to three executives at the bank.