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Global Financial News: RBS Posts 9th Straight Full-Year Loss

Round-up of the financial news from around the world

Here is a round-up of the financial news from around the world:

1. Royal Bank of Scotland Plc (RBS) - Get Royal Bank of Scotland Group Plc Report  posted a larger-than-expected full year loss of just under £7 billion, the bank said Friday, after massive litigation and writedown costs hammered the bottom line of the taxpayer owned bank.

2. Pearson (PSO) - Get Pearson Plc Reportshares were volatile on Friday after the publishing group said it would launch a strategic review of its Wall Street English and Global Education businesses following a full-year pre-tax loss of £2.56 billion ($3.3 billion).

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3. IAG plc (ICAGY) shares traded firmly higher Friday after the British Airways parent posted stronger-than-expected full year profits and launched a €500 million share buyback program.

4. UniCredit (UNCFF) shares traded firmly on Friday after it said that investors have taken up the bulk of its record capital raise on the first day of its offering yesterday in Milan.