News Josef Ackermann spoke of ‘shock’ at the suspected suicide of his colleague

Josef Ackermann, the chairman of Switzerland’s top-ranking Zurich Insurance Group and a former head of Deutsche Bank, has stepped down with immediate effect following the suspected suicide of the company’s chief financial officer.

RBS hit with £5.6m fine over reporting failures on 45 million transactions

Taxpayer-backed bank failed to properly report almost 45 million deals on wholesale money markets

Banks face stringent new audit controls

Banks and other financial institutions are set to face a beefed up internal auditing regime under a new code for auditors unveiled today.

James Moore: Furse needs to shake off the Fortis factor

Outlook Clara Furse's appointment to the Financial Policy Committee of the Bank of England has taken a considerable amount of flak thanks to her previous role on the board of Fortis.

An FSA report found that chief executive Fred Goodwin's 'assertive and robust' management style was flagged as a potential risk to RBS as early as 2003, four years before the disastrous ABN Amro deal

Vince Cable urges quick decision on RBS prosecution

Business secretary says there is 'serious public concern' over actions of lender's leadership before £45.5bn taxpayer bailout

Margareta Pagano: Don't blame Mrs T for today's fractured Britain

The City was shaken up under Margaret Thatcher but she would not have tolerated the bonuses, credit bubbles and bailouts

UBS pays £17m 'golden hello' to the man who broke RBS

Andrea Orcel paid in cash and shares after being poached by the Swiss bank
George Osborne in Davos

Osborne warns bankers Libor fines will come out of bonuses

Royal Bank of Scotland braced for huge fine

James Moore: It's far too easy to make FSA the scapegoat again in this inquiry into RBS wrongdoing

The Treasury Select Committee has cast another very unfavourable light on the performance of Britain's financial regulator and not without good reason. There have been years of this sort of thing: institution fails, scandal erupts, mea culpa follows from the Financial Services Authority promising that lessons will be learned. Only for complacency to return when the dust has settled. In giving it a kicking, and I'm not saying it isn't deserved, the committee is tapping into a rich seam of public fury. It really isn't good enough that in having wreaked such damage on the futures of so many, nobody from Royal Bank of Scotland has faced any penalty.

RBS sells historic tockbroker Hoare Govett to Jefferies

Royal Bank of Scotland has confirmed the sale of its historic UK stockbroking arm Hoare Govett to the US investment bank Jefferies. The pair have been in talks for weeks over the deal, which comes as RBS's chief executive, Stephen Hester, scales back dramatically the bank's investment banking division.

Former RBS chief Sir Fred Goodwin

Goodwin's knighthood on the agenda

Senior civil servants will meet this week to decide whether ex-Royal Bank of Scotland boss Sir Fred Goodwin should be stripped of his knighthood, David Cameron said today.

Criticism of Sir Fred Goodwin removed from FSA report

A direct criticism of Sir Fred Goodwin in the Financial Services Authority's report on the near-collapse of RBS was removed after a final draft was shown to the former banking boss's lawyers, MPs were told today.

The FSA identified six key factors in the failure of RBS, most significantly its weak capital position and over-reliance on risky short-term funding in wholesale markets

Management and light-touch regulation blamed for RBS crisis

Poor management decisions and the last Labour government's light-touch regulatory regime were key factors in the near-collapse of Royal Bank of Scotland, a long-awaited report by the City watchdog said today.

Former RBS chief Sir Fred Goodwin

Fears raised over RBS chief in 2003

Sir Fred Goodwin's "assertive and robust" management style was flagged as a potential risk to RBS as early as 2003, the FSA said today.

Cable seeking advice on RBS chiefs

Business Secretary Vince Cable today said he will continue to look into whether any Royal Bank of Scotland directors should face disqualification following today's report into the bank's failure.

City regulator to admit shortcomings in RBS case

The Financial Services Authority will today hold its hands up and admit serious shortcomings in the way it handled the Royal Bank of Scotland and the banking system in the run-up to the multi-billion pound taxpayer-funded bailout of the Edinburgh-based giant.

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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
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Lake Garda
3.	Provence 6 nights B&B by train from £599pp
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Syrian conflict is the world's first 'climate change war', say scientists, but it won't be the last one

Climate change key in Syrian conflict

And it will trigger more war in future
How I outwitted the Gestapo

How I outwitted the Gestapo

My life as a Jew in wartime Berlin
The nation's favourite animal revealed

The nation's favourite animal revealed

Women like cuddly creatures whilst men like creepy-crawlies
Is this the way to get young people to vote?

Getting young people to vote

From #VOTESELFISH to Bite the Ballot
Poldark star Heida Reed: 'I don't think a single bodice gets ripped'

Poldark star Heida Reed

'I don't think a single bodice gets ripped'
The difference between America and Israel? There isn’t one

The difference between America and Israel? There isn’t one

Netanyahu knows he can get away with anything in America, says Robert Fisk
Families clubbing together to build their own affordable accommodation

Do It Yourself approach to securing a new house

Community land trusts marking a new trend for taking the initiative away from developers
Head of WWF UK: We didn’t send Cameron to the Arctic to see green ideas freeze

David Nussbaum: We didn’t send Cameron to the Arctic to see green ideas freeze

The head of WWF UK remains sanguine despite the Government’s failure to live up to its pledges on the environment
Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Set in a mythologised 5th-century Britain, ‘The Buried Giant’ is a strange beast
With money, corruption and drugs, this monk fears Buddhism in Thailand is a ‘poisoned fruit’

Money, corruption and drugs

The monk who fears Buddhism in Thailand is a ‘poisoned fruit’
America's first slavery museum established at Django Unchained plantation - 150 years after slavery outlawed

150 years after it was outlawed...

... America's first slavery museum is established in Louisiana
Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

The first 'American Idol' winner on how she manages to remain her own woman – Jane Austen fascination and all
Tony Oursler on exploring our uneasy relationship with technology with his new show

You won't believe your eyes

Tony Oursler's new show explores our uneasy relationship with technology. He's one of a growing number of artists with that preoccupation
Ian Herbert: Peter Moores must go. He should never have been brought back to fail again

Moores must go. He should never have been brought back to fail again

The England coach leaves players to find solutions - which makes you wonder where he adds value, says Ian Herbert
War with Isis: Fears that the looming battle for Mosul will unleash 'a million refugees'

The battle for Mosul will unleash 'a million refugees'

Aid agencies prepare for vast exodus following planned Iraqi offensive against the Isis-held city, reports Patrick Cockburn