Barclays Bank

Bob Diamond, chief executive of Barclays, has said banks must accept responsibility for what went wrong during the financial crisis admitting they still had a long way to go to restore public trust.

Barclays reported Q3 profits rose 5%, beating estimates, despite the sovereign debt crisis hurting investment banking revenues.

Barclays is set to increase the maximum LTV of its Woolwich mortgage fixed rate range to 90% LTV from tomorrow.

Banks shares extended losses this afternoon as Fitch Ratings downgraded Lloyds and RBS' long-term credit rating from AA- to A and placed Barclays on a negative watch.

News that Greece will fail to meet deficit reduction targets pushed the FTSE 100 down 2.8% at open, dragging it below 5,000 points.

More complaints were made about Barclays than any other banking brand by UK customers in the first half of the year, FSA figures show.

ETFM provides a roundup of some of this week's ETF and indexing news.

Banks led markets sharply lower in early trading after a long-awaited report from Sir John Vickers and the Independent Commission on Banking proposed a radical shake-up of the sector.

A Barclays bank manager investigated a colleague's £20,000 theft from a customer aged 95 - then stole £23,000 from the same pensioner by copying the crime.

RBS, HSBC and Barclays ignored warnings from third party advisers before selling on billions of dollars of toxic mortgage debt to Fannie Mae and Freddie Mac in the lead-up to the financial crisis, court papers have alleged.