Barclays

Shares in Lloyds Banking Group and RBS have fallen today after broker Cazenove warned of the potential impact of further PPI provisioning.

Barclays has put aside an extra £700m to compensate customers for the mis-selling of payment protection insurance, bringing total provisions to £2bn.

Over the last three months, UK bank shares have enjoyed a strong rally, helped by the ECB's and US Federal Reserve's liquidity moves.

Former Legal & General chief executive Tim Breedon is set to join the board of Barclays as a non-executive director.

INCOME

Stephen Docherty, manager of the Aberdeen World Growth and Income fund, reveals how he is currently positioning his portfolio.

Barclays has bought ING Direct UK in a deal which has given it £10.9bn in customer deposits and a £5.6bn mortgage book.

RBS has suspended a trader for trying to rig the Singapore dollar swap offer rate, according to reports, in the latest case of interest rate benchmark manipulation.

Barclays has restructured its investment banking arm in an effort to cut costs and limit further reputational damage following the LIBOR scandal.

UK BANKS