Here is a round-up of the financial news from around the world:
1. Royal Bank of Scotland Plc (RBS) 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) shares 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).