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The City roundup video: RBS sets £400m aside for foreign exchange manipulation and Ebola and Isis hit advertising sales

Video: Oscar Williams-Grut provides a run-down of the day's major news from the City

Oscar Williams-Grut
Friday 31 October 2014 10:57 EDT
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RBS has set aside £400 million to cover potential loses
RBS has set aside £400 million to cover potential loses (Getty Images)

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Don't miss out on the goings on in the business world, with our daily round-up of the biggest news from the City.

Royal Bank of Scotland has set aside £400 million to cover potential fines for allegedly manipulating the foreign exchange market. The bank that have made a profit of £1.27 billion in the last three months, has announced the news just a day after Barclays set aside £500 million for a similar reason.

Markets around the world are surging after the Bank of Japan announced plans to pump more money into its economy in a bid to stave off deflation.

The warm weather continues to hit the high street, with SuperDry the latest to warn of a slowdown in sales.

And finally, George Osborne has begun paying off the UK’s World War I debts. The Chancellor has paid £218 million of the debts accrued nearly 100 years ago leaving the country still owing over £2 billion.

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