State-owned RBS' pre-tax losses jumped from £766 million in 2011 to £5.17 billion in 2012, the bank has announced.
George Osborne's reluctance to push through a full split of banks' investment and retail arms has collapsed, prompting anger and recrimination from the City.
Bankers who manipulate the interbank lending rate Libor should face criminal sanctions, an independent review has concluded, as part of efforts to reform "what has become a broken system".
The Royal Bank of Scotland (RBS), will eventually pay for the Libor scandal, the bank's chief executive said yesterday.
Mervyn King faces questions about his conduct after it emerged he privately pressured Barclays chairman Marcus Agius to force Bob Diamond's resignation.
Westminster has added its weight to the pressure on senior Barclays executives to resist Bob Diamond's £17 million 'golden parachute'.
Following Barclays' £290 million fine for fiddling the interbank lending rate Libor the search for answers from Westminster has begun. But where will this end up? Will the inquiry into wrongdoing in the banking sector change anything?
Ed Miliband accused David Cameron of acting in the party interest, not the national interest, in prime minister's questions this lunchtime. But both leaders were guilty of exactly that - and MPs couldn't care less.
Party politics is threatening to scupper the parliamentary inquiry into wrongdoing in the banking sector proposed by ministers yesterday.
Barclays chairman Marcus Agius has become the first big head to roll in the Libor scandal after resigning this morning.
Bankers responsible for the Libor scandal should face a criminal investigation, Vince Cable has said.
Public anger doesn't guarantee retribution for Britain's bankers, journalists or politicians.
Ministers are set to strengthen sanctions against those responsible for the Barclays Libor scandal.
Ken Livingstone prompted a storm of controversy again last night after he suggested Britain should "hang a banker a week until the others improve".
George Osborne is meeting with Barclays chief executive Bob Diamond today as bankers launch a last gasp bid to delay banking reforms.
Pro-business campaigners are ratcheting up pressure against the coalition as the unveiling of banking reforms nears.
A potential eight-year delay in plans to force banks to split their retail and investment arms could prompt a major split in the coalition.
Ed Miliband tried to muster residual anger over MPs' expenses and the banking crash as he sought to accelerate the momentum of the phone-hacking scandal in a speech later.