Lord Myners, the businessman turned City minister, used the UBS scandal as the launch pad for a scathing attack on bankers in the House of Lords... more
There were gasps of disbelief at the Liverpool Street headquarters of UBS as the red strip flashed up on Bloomberg saying the bank had discovered a rogue trader who had lost it $2 billion (£1.26 billion)... more
British banks face no immediate downgrade following Sir John Vickers' proposals to ring-fence their retail arms and bolster their capital, Moody's said... more
George Osborne has met Barclays chief executive Bob Diamond for talks amid speculation the banking sector has succeeded in putting pressure on the Chancellor to water down the forthcoming Vickers banking reforms... more
Bank shares soar amid growing signs that Sir John Vickers' plans to split banks' retail and investment banking operations could be kicked into the long grass until 2015... more
Liberal Democrats have escalated their demands for sweeping changes to Britain's banking system which have been denounced as 'barking mad' by business chiefs... more
Bankers receive a pleasant surprise when they opened their copies of the Treasury Select Committee's findings on Sir John Vickers' interim report from his Independent Banking Commission... more
Pressure mounts on Sir John Vickers' Independent Commission on Banking to boost competition in the sector as the first official figures on Project Merlin show a significant shortfall in lending to small businesses... more
Soon after Royal Bank of Scotland imploded, I met a senior executive from the bank who tried to defend Sir Fred Goodwin. She knew that Goodwin had his faults, but what we and the rest of the world needed to appreciate was that he did not understand the nuts and bolts of the speculative trading that was being done in RBS's name... more
Now Sir John Vickers has stopped a thousand miles short of breaking up our big banks in favour of some fairly limp "ring-fencing", the least the banks can do in return is to halt the incessant hinted threats to quit the country... more
Lloyds Banking Group should sell off "substantially" more than the 600 branches it has agreed with the European Commission, Sir John Vickers has said... more
UK banks should ring-fence their retail operations from their investment banking operations to ensure they can continue to operate in any financial crisis, the Independent Commission on Banking has said... more
The pain keeps on coming for investors in CPP Group. Shares in the identity theft protection group plunged 20p to 130p today after the company warned that profits beyond next year would be hit by an investigation from the City watchdog... more
Barclays is the most at risk from recommendations made by Sir John Vickers' Independent Banking Commission's report on Monday, according to Goldman Sachs. ... more
Financial stocks were in demand today, helping the FTSE 100 index to kick off the new quarter in style. Barclays was top dog, jumping 10.25p to 287.75p, Royal Bank of Scotland climbed 1.2p to 42p and Lloyds Banking Group gained 1.2p to 59.3p... more
The Government offered to emasculate the Independent Commission on Banking as it tried to strike a deal on bank bonuses a few weeks ago. I am told it backed off only when Sir John Vickers, chairman of the inquiry, and his entire committee, Clare Spottiswoode, Martin Taylor, Bill Winters and Martin Wolf threatened to resig... more
Vince Cable insists that the big banks must be kept under pressure to improve their behaviour and that splitting them up is still an option, despite George Osborne calling for an end to banker-bashing... more
Almost £2 billion is wiped off the value of taxpayers' stakes in Royal Bank of Scotland and Lloyds Banking Group over investor worries that they might be broken up
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The men who run the taxpayers' stakes in Britain's bank face a grilling from MPs next week as the row over bonuses and a lack of lending continues to fuel public anger... more
Britain's banks will be subject to a wide-ranging probe that will examine the possible break-up of retail and investment banks and ways to boost competition... more
A number of FTSE 100 chief executives are so worried Britain’s banks may be broken up into smaller, safer and better-managed units that they propose to give evidence to Sir John Vickers’ Independent Commission on Banking pleading for no change... more
As the world's statesmen gather in London to discuss whether to take military action in Somalia, the man plucked from Camden to be mayor of its capital tells us what he hopes the talks will achieve
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