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.
Emerging market stocks rose for the ninth day in a row today on increased investor confidence, driven by positive data from China and the US.
Global equities are rallying hard as strong data from China and a deal to avert the US fiscal cliff give cause for optimism.
London's blue chip index approached its year-high in morning trading, with banking shares among the best performers, as hopes for a resolution to the US fiscal cliff boosted sentiment.
Investment Week rounds up the most memorable quotes from our favourite (and most outspoken) industry commentators throughout 2012.
The FTSE 100 has reached its highest level since March following positive consumer data from Germany and signs of improving growth in China.
Panic about house prices, asset bubbles and China caught our readers' attention this year, with the views of leading hedgies and controversial industry figures featuring in our list of the 20 most read stories of 2012.
UK stocks crept higher ahead of today's Autumn Statement, with the FTSE 100 nearing 5,900 points as miners lifted the market.
European stocks slumped in afternoon trading ahead of a meeting of eurozone finance ministers to agree on the next tranche of aid for Greece.
The FTSE 100 has added to recent gains in early trading this morning, raising the prospect of the index posting its largest weekly gain since last December.