Royal Bank of Scotland has received approval from Treasury agency UK Financial Investments to pay about 550 million pounds ($920 million) in staff bonuses for 2013, Sky News reported late on Tuesday. The news service said the bank is expected to disclose the proposed bonuses when it announces its annual earnings, estimated at a loss of about 8 billion pounds.

Germany's IVG Immobilien , the co-owner of London's landmark "Gherkin" tower brought low by debts and cost over-runs, has proposed a debt-for-equity swap that will put the real estate firm in the hands of its creditors. IVG, which owns the Gherkin tower with Evans Randall Ltd, sought protection from creditors in August after failing to reach an agreement over the restructuring of its debt and on Monday filed an insolvency plan to a court in Bonn, Germany.

Insolvent German television maker Loewe is looking for a new partner to salvage the company after a group of investors said they wanted to pull out of a deal to purchase some of its assets and keep the brand going, Reuters reported. A group of investors, including a former senior manager at Apple and Bang & Olufsen, said in January they would buy Loewe's core television business for an undisclosed price. But Loewe said on Monday the investors had informed it of plans to withdraw from the contract.

The Greek government and its bailout lenders are locked in a new stand-off over the health of Greece’s banking sector, with Athens contending its financial system requires less than €6bn of new capital, while international monitors insist it needs at least three times that amount, the Financial Times reported.

Ukrainian parliament Speaker Oleksandr Turchynov, handed presidential powers as lawmakers prepare to form a coalition government, warned that the economy was in a “pre-default situation,” Bloomberg News reported. Lawmakers in Kiev worked on reshaping government after ousting Viktor Yanukovych from the presidency for a role in the violence that killed at least 82 people last week. The U.S. and the European Union pledged aid for a new cabinet. Border guards stopped Yanukovych at an airport in the eastern city of Donetsk two days ago. He wasn’t detained.

Spain's government is studying measures to help struggling companies restructure their debts, which could include transferring banks' exposures to such firms to a newly-created external fund, a banking source familiar with the talks said. Spanish investment bank N+1 has produced a study, seen by Reuters, on the potential creation of a vehicle that would aid debt-for-equity swaps by allowing banks to exchange loans for stakes and transfer those stakes to an externally-managed fund.

Greece was set to resume protracted talks with a troika of international inspectors Monday, as the government aims for a deal that would unlock a fresh tranche of aid—but without painful new cutbacks ahead of local elections this spring, The Wall Street Journal reported. The talks, which have dragged on since September, come amid signs Greece has surpassed budget and economic targets set by its creditors, potentially strengthening Athens's negotiating position and easing the need for further politically contentious austerity measures in the months ahead.

Creditors of Hypo Alpe Adria should contribute to the costs of winding down the nationalised Austrian lender, the finance ministry said on Thursday, listing insolvency or voluntary debt haircuts as possible options, Reuters reported. The comments widen a split between the government and bank supervisors over how to handle Hypo, whose chronic capital needs have required 4.8 billion euros ($6.6 billion) in taxpayer support since 2008.

UK regional carrier Flybe is tapping shareholders for £150m (€182m) to shore up its balance sheet as the embattled airline tries to reinvent itself, Independent.ie reported. The airline, which serves some routes between the UK and Ireland, will also use the funds with a view to "improving operational flexibility and providing additional cash reserves to enable the group to protect itself from unforeseen disruptions or occurrences". Chief executive Saad Hammad said that the fresh finance would enable Flybe to pursue its "profitable growth strategy".

National Australia Bank Ltd. (NAB) fell in Sydney trading after flagging a possible increase in provisions at its British operations, overshadowing a 7 percent increase in first-quarter profit, Bloomberg News reported. Shares of Australia’s biggest bank by assets slid as much as 2.8 percent, the biggest intraday decline in three months, and traded 1.9 percent lower at A$34.50 at 11:53 a.m. in Sydney. Provisions for some tailored business loans and compensation to U.K. customers for wrongly sold payment-protection insurance may rise, the Melbourne-based lender said in a statement today.