Hermes warns debt markets could be “powder keg” once stimulus ends
Several businesses incubated in an environment of easy money will likely collapse once quantitative easing is withdrawn and interest rates rise, warns Eoin Murray, head of investment at Hermes Investment Management. Debt markets could be a “powder keg” when the interest rate cycle reverses, he added. (Telegraph)

RBS set to cut 443 UK jobs amid relocation of small business lending
Royal Bank of Scotland is set to terminate 443 jobs in its UK operations as part of its restructuring plan. The bank is shifting its small business lending team to the Indian city of Mumbai, in a move aimed at cutting costs. (Guardian)