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Bank of England governor Sir Mervyn King has said there is a case for splitting up Royal Bank of Scotland.
He told the Banking Standards Commission that there was a "good bank, bad bank" within bailed-out RBS.
Sir Mervyn said the arguments for restructuring RBS "sooner rather than later are powerful ones".
He also warned that some banks were still "too big to fail" and said he was "surprised" at the degree of access bank executives had to top politicians.
On RBS, Sir Mervyn said: ...
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Microsoft has been fined 561 million euros ($731m; £484m) for failing to promote a range of web browsers, rather than just Internet Explorer, to users in the European Union (EU).
It introduced a Browser Choice Screen pop-up in March 2010 as part of a settlement following an earlier EU competition investigation.
But the US company dropped the feature in a Windows 7 update in February 2011.
Microsoft said the omission had been the result of a "technical error".
But competition comm...
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An Egyptian administrative court has suspended general elections that were scheduled to begin next month.
It said the electoral law needed to be reviewed by the Supreme Constitutional Court to determine whether it conformed to the constitution.
President Mohammed Morsi had said the polls would begin on 22 April, taking place in four stages over two months.
The elections have been boycotted by the main opposition, amid continuing street protests.
The National Salvation Front (NSF)...
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Microsoft has become the latest US technology company to confirm that it has been targeted by computer hackers.
In a blog post, Microsoft announced that "a small number" of its computers had recently been deliberately infected with malicious software.
The firm said it found no evidence that any customer data had been accessed, but an investigation is continuing.
On Tuesday Apple said its computers were attacked by the same hackers who targeted Facebook a week earlier.
At the time,...
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The US has grounded its entire fleet of 51 F-35 fighter jets after the discovery of a cracked engine blade.
The fault was detected during a routine inspection of an air force version of the jet (F-35A) at Edwards Air Force Base in California, said the Pentagon.
Different versions are flown by the navy and the marine corps. All have been grounded.
The F-35 is the Pentagon's most expensive weapons programme. with a cost of nearly $400bn (£260bn).
The Pentagon said flight operations ...
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The UK has lost its top AAA credit rating for the first time since 1978 on expectations that growth will "remain sluggish over the next few years".
The ratings agency Moody's became the first to cut the UK from its highest rating, to Aa1.
Moody's said the government's debt reduction programme faced significant "challenges" ahead.
Chancellor George Osborne said the decision was "a stark reminder of the debt problems facing our country".
"Far from weakening our resolve to deliver ou...
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The European Central Bank (ECB) has left eurozone interest rates unchanged at 0.75%, as had been widely expected.
Many analysts do not expect the ECB to alter rates from their current record low until next year at the earliest.
ECB president Mario Draghi told a news conference that business confidence was returning, but the situation "remains fragile".
The last time the ECB made a change to its main interest rate was in July, when it was cut from 1%.
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Could an actor playing the White Rabbit be racist?
Disneyland is being sued by Jason and Amelia Black, who say their African-American children were treated differently than white kids who approached the “Alice in Wonderland” character for hugs and pictures at the Anaheim, Calif., amusement park.
According to Fox5SanDiego.com, 6-year-old Jason Black Jr. approached his favorite character at the park, but was rebuffed. Jason told the station, “I went to hug him, but he turned his back. It’s ma...
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If you put down less than 20 percent when you purchased a home, you probably pay for mortgage insurance every month. But with planning and patience, you can get rid of mortgage insurance to reduce your house payments.
Mortgage insurance is designed to protect the lender in case the borrower defaults. The premium is included in the borrower's monthly mortgage bill and varies depending on the type and size of the loan, the down payment amount and the credit of the borrower.
For instance, ...
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Employers are getting smarter about how they run retirement plans. They are making some moves that are good for younger workers, including automatically enrolling new employees in 401(k) plans and defaulting their savings into target-date funds, which offer an investment mix designed to meet retirement goals.
Other choices are raising eyebrows, including International Business Machine's decision to make its 401(k) matching contribution only once a year.
David Huntley, principal at HR Co...
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