RBS

Four banking giants including HSBC and scandal-hit Barclays are to provide redress to business clients mis-sold specialist insurance on loans, the Financial Services Authority (FSA) has said.

Andrew Tyrie, the chairman of the Treasury Select Committee, has demanded answers from Royal Bank of Scotland (RBS) boss Stephen Hester about the bank's ongoing computer failures.

Fred Goodwin, the former CEO of Royal Bank of Scotland (RBS) stripped of a knighthood for his role in the bank's near collapse, is among several former RBS directors fighting claims they were at fault for the lender's troubles.

Royal Bank of Scotland, Barclays and HSBC were among the list of the world's biggest banks to be downgraded by Credit rating agency Moody's last night.

The country's biggest banks have been accused by MPs of a massive mis-sale of complex interest rate swaps to thousands of businesses, the Telegraph reports.

Royal Bank of Scotland is likely to get £300m less than it expected for the sale of 318 branches to Santander, the FT reports.

UK banks including RBS, Barclays and HSBC are set to be downgraded by Moody's this evening, it has emerged.

A top official at the Financial Services Authority (FSA) has warned Britain's four largest banks face more questions over their sale of interest rate hedges to small business customers.

SECTOR REPORT

The sale of 318 Royal Bank of Scotland (RBS) branches to Grupo Santander of Spain has been hit by more delays, The Times reports.