RBS

Congressional investigators yesterday accused Goldman Sachs of taking a "net short" position in the US mortgage market in 2007 that enabled it to benefit from the bursting of the housing bubble.

ON UK INCOME

Bankers are pressing the UK Financial Investments to consider a convertible bond for Government held stakes in Lloyds and Royal Bank of Scotland ahead of next month's election.

Chris Bowie has moved a third of the £290m Ignis Corporate Bond into defensive fixed income instruments on renewed concerns for the domestic and global economy.

The Royal Bank of Scotland (RBS) has been slapped with a £28.6m Office of Fair Trading (OFT) fine for breaching competition rules.

The Government is understood to be considering plans to offload its stakes in Lloyds Banking Group and Royal Bank of Scotland just weeks after the general election.

S&P's Daniel Vaughan reviews managers' positions in sector as elections approach

The Chancellor has announced new targets for lending for the state-aided banks, Lloyds and Royal Bank of Scotland (RBS).

Royal Bank of Scotland and Lloyds Banking Group will agree to lend up to £100bn to customers this year in a new deal with the Government to help businesses and individuals survive the recession.

SVM UK Opportunities manager Neil Veitch believes M&A activity is set to increase in the UK market as sterling continues its recent slide.