RBS

Royal Bank of Scotland chief executive Fred Goodwin's alleged affair had no impact on the downfall of the bank, the Financial Services Authority has decided.

Royal Bank of Scotland(RBS) nearly collapsed in 2008 because of poor management, inadequate regulation and a flawed supervisory system, a Financial Services Authority report published today says.

As the eurozone crisis reaches a crescendo, the Bank of England has revealed just how much exposure UK banks have to the region's most troubled economies.

The Financial Services Authority's report into the collapse of Royal Bank of Scotland will not examine in any detail the role played by Sir Fred Goodwin and Sir Tom McKillop, its two most senior directors.

Lloyds Banking Group has announced the interim replacement for group CEO António Horta-Osório [pictured].

The Royal Bank of Scotland (RBS) should be broken up and the merger of Lloyds TSB and HBOS reversed as part of a radical move to end the "comfortable oligopoly" of the country's high street banks.

State-owned Royal Bank of Scotland is to payout around £500m in bonuses to its traders and investment bankers, despite a collapse in profits.

Part nationalised bank Royal Bank of Scotland today reported clean operating profits had fallen sharply in the third quarter, while it had also taken a loss on its Greek debt holdings.

UK banking stocks drove this morning's FTSE 100 rally, with Barclays, RBS and Lloyds all surging roughly 6% on the news a eurozone debt deal has been reached.

The London offices of Royal Bank of Scotland (RBS) have been raided as part of a major investigation by the European authorities into allegations lenders manipulated a key borrowing rate in the run-up to and during the financial crisis.