RBS

RBS has blocked the FSA from publishing a report into the circumstances leading to its taxpayer bailout.

The FSA will be forced to publish a more comprehensive account of its decision to clear RBS directors of wrongdoing.

The Treasury Select Committee (TSC) has written to FSA chairman Adair Turner asking him to make the findings of the investigation into bailed-out RBS public.

Eric Daniels, chief executive of Lloyds Banking Group, says banks do not need breaking up and are ‘enormously competitive'.

The FSA may keep the outcome of investigations into HBOS and Bradford & Bingley secret unless it finds wrongdoing.

The FSA has cleared RBS of acting fraudulently during the purchase of ABN AMRO, but censured it for making a "series of bad decisions" in the run up to the financial crisis.

The FTSE is slightly down in early trading, with RBS hit by fears it may be exposed to Ireland's economic problems.

RBS has appointed Goldman Sachs and Morgan Stanley to oversee the flotation of its insurance business.

The SIX Swiss Exchange has launched its new exchange-traded product (ETPs) segment, allowing for the listing of collateralised exchange-traded securities in a section separate to ETFs.

UK banks are borrowing billions of pounds each month and may be forced to seek yet more support from the state, an economic think-tank warns.