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.

Banking sector stress to affect construction equipment, commercial vehicle sectors: Fitch

MUMBAI: The stress in banking sector will spread to structured finances this year, and asset-backed securities of commercial vehicles and construction equipment will be among the worst hit, Fitch has said.