Early gains among financials offset disappointing Marks and Spencer results to see the FTSE marginally down 0.22% to 5,510.22 in early trading.
An FSA investigation into the problems at Britain's failed banks has revealed a litany of internal breakdowns and flawed controls that masked the full extent of their failings, according to The Sunday Times.
RBS could be forced to sell some of its estimated £15m art collection amid pressure to cash in non-core assets.
Sir Sandy Crombie, the retiring chief executive of Standard Life and a director of RBS, says the Chancellor's plans to cap bonuses at the bank is "troubling".
Gilliat Financial Solutions has launched a structured deposit which splits money equally between two fixed term investments.
The Bank of England gave secret, emergency loans worth over £60bn to RBS and HBOS during last year's financial crisis.
Royal Bank of Scotland reports third quarter losses of £1.5bn following a near tripling of its bad debts write-offs between July and September.
The Bank of England today faces the difficult decision of whether to pump more money into the struggling UK economy by expanding its unprecedented £175bn quantitative easing programme.
Neptune founder and managing director Robin Geffen says the group will be avoiding Lloyds and RBS, labeling yesterday's rights issue announcements a "rescue operation".