The LIBOR-rigging scandal that engulfed the banks in 2012 further dented their badly tarnished reputation and dealt another blow to public confidence, leaving investors uncertain how to play the sector.
The future stability of the global economy has been threatened by the Bank of England and six of the largest central banks issuing close to $6trn of "essentially free" money since the financial crisis, according to PIMCO's Bill Gross.
A leading thinktank has urged the government to take drastic steps to stimulate economic growth in the UK, as another forecast a 50/50 chance of a triple-dip recession.
The Financial Services Bill, which will deliver fundamental reform of financial regulation in the UK, has received Royal Assent.
The Treasury Committee has called for additional evidence to help its inquiry into quantitative easing as it widens the scope of its investigation.
UK CPI inflation remained at 2.7% in October, broadly in line with economists' expectations, as RPI inflation fell from 3.2% to 3%.
RBS currency analysts have said selling sterling against the US dollar represents a "top 2013 trade" as the pound rises to a ten-week high.
The incoming Bank of England governor Mark Carney has sparked speculation he will push for the removal of the UK's CPI inflation target if the mediocre recovery in the UK takes another tumble, but is it a good plan?
The Queen has spoken about "lax" City workers and a banking regulator which "did not have the teeth" to intervene as she discussed the causes of the financial crisis during a visit to the Bank of England.
Incoming Bank of England governor Mark Carney has suggested struggling economies dump inflation targeting in order to kick-start growth.