RBS

Harriet Harman says the Government is prepared to change the law in order to strip Sir Fred Goodwin of his £693,000-a-year pension.

The Government is under pressure to sack Treasury Minister, Lord Myners, who approved a £693,000-a-year pension for former RBS boss Sir Fred Goodwin, despite the bank posting losses of over £24bn.

Lloyds Banking Group today admitted it has so far failed to agree terms with the Government to place £250 million of assets into the Government's toxic debt insurance scheme despite hopes of securing a deal by this morning, reports The Times .

The Government has asked the former chief executive of Royal Bank of Scotland, Sir Fred Goodwin, to forgo some of his pension, reports the BBC.

RBS is fighting the Treasury in court over six-figure bonuses of a group of metal traders paid into an offshore trust, according to sources.

Royal Bank of Scotland Group will sell-off nearly a fifth of its assets to escape the damage being done by its toxic loan book.

An investor has taken Royal Bank of Scotland Group to court over last year's £12bn rights issue.

The Government has stamped a limit on bonuses for staff at the Royal Bank of Scotland (RBS) and outlawed cash payments altogether, the Chancellor has confirmed.

Schroders is in dispute with its own hedge fund over the fees it is being charged by the fund for holding millions of pounds in cash, The Independent reports.

Ailing Royal Bank of Scotland - the bank being propped up with £20 billion of public money - today said no decision had been taken on bonus payouts for staff potentially running into hundreds of millions.