Taxpayers could make billions from the banks they rescued during the financial crisis.
The FTSE fell in early trading in reaction to losses on Wall Street overnight and a weak opening in European markets.
The Lloyds Banking Group has returned to profitability after posting a £1.6bn before tax profit in the first half of the year.
Rathbone Unit Trust Management has continued to suffer redemptions from investors over the first half of the year, with the group posting a £41m net outflow.
Barclays, RBS and Lloyds shares have all rocketed today on news the Basel Committee plans to water down its capital and liquidity reform package.
The City watchdog is considering whether Britain can claim exemption from European laws that will introduce the toughest pay restrictions in the world.
The Office for National Statistics will postpone its next release of data on economic growth, in an highly unusual move for the official statistician.
AT8's Mark Loosmore looks at the consolidation of Scottish Widows' and Clerical Medical's product ranges following their merger last year.
Lloyds Banking Group (LBG) is to introduce a Homeowner Variable Rate of initially 3.99% for new Lloyds TSB and Cheltenham & Gloucester (C&G) mortgages from 1 June.
The Competition Commission (CC) has provisionally banned the selling of payment protection insurance (PPI) at the point-of-sale, following a legal challenge from Barclays.