WSJ City: Losses Widen at RBS, Machine Learning in Scotland

Apr 29, 2016 2:46 am ET Good morning from London. Here’s essential reading today from WSJ City:  RBS has reported a large increase in its first-quarter net loss. Hefty restructuring charges are to blame. Consumer confidence in the UK fell to its lowest level in more than a year last month. City Talk: Telefónica tumbles, Linde’s profit inches higher, Caterpillar to close plants and axe jobs. A respected Scottish fund manager is a big fan of machine learning — and how it can help make decisions. The CEO of Invest Europe, the trade body for European private equity firms, is leaving the organisation. European fixed income funds had a stellar month for inflows in March thanks to a new investor on the block. Carl Icahn sold his entire stake in Apple following the…


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