No one could argue that Ross McEwan, the outgoing chief executive of Royal Bank of Scotland (RBS), doesn’t like a challenge. National Australia Bank (NAB) announced overnight that it had appointed Mr McEwan as its new chief executive. The bank’s chairman and chief executive left after a royal commission inquiry into the financial sector that criticised the whole industry for rampant fee-gouging and overly aggressive sales tactics. Market snap The Nikkei ended the week on a positive note closing up 2 per cent this morning at 21,466.99. The , which closed down 42.37 points, or 0.6 per cent, at 7,493.09, was forecast to open 34 points higher when trading began.

Source: The Times July 19, 2019 07:52 UTC