Lloyds

Simon Murphy, manager of the Old Mutual UK Select Equity fund, discusses whether investors should be revisiting the UK's biggest banking stocks.

Barclays shares have rallied following the news the UK bank has accepted €8.2bn in three-year loans from the European Central Bank's latest lending programme.

HSBC's annual profits rose 15% to $21.9bn (£13.8bn) before tax, fuelled by increasing revenues from its emerging markets customer base.

Royal Bank of Scotland (RBS) shares have delivered an impressive return of 60% in the last three months amid a resurgence in risk appetite.

Lloyds Banking Group has reported a pre-tax loss of £3.5bn for 2011, while warning shareholders to prepare for more pain as it forecasts a decline in revenues for 2012.

M&G tops both retail sales lists as investors seek out bond funds, while BlackRock's active and passive vehicles also prove popular.

Eric Daniels, Lloyds' former chief executive, will lose £580,000 or 40% of the 2010 bonus he was due to be awarded in deferred shares.

Lloyds Banking Group chief executive António Horta-Osório said he will not take an annual bonus for 2011, a year in which the company's shares fell by 60%.

Fidelity's Sanjeev Shah has reduced his holding in part-nationalised lender Royal Bank of Scotland (RBS) following a tough year for financials in 2011.

Two of the UK's major tax-payer backed banks are facing three years of further writedowns, according to Barclays Capital analysts.