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.

Humiliated bank bosses queue up to say sorry

Former chiefs of RBS and HBOS run the gauntlet of furious MPs. Role in crisis that cost British taxpayers billions of pounds is condemned

Treasury Select Committee: Bonfire of the bankers

The former top bankers of HBOS and RBS apologised, but spread the blame for the financial crisisin evidence to MPs yesterday

Division of the spoils – how the bonus billions are carved up

Insiders call it "the legacy", the bonus guarantees and expectations left over from Royal Bank of Scotland's expansion into booming credit markets whose implosion forced the once-swaggering Scottish lender into virtual nationalisation.

Called to account at last

The bankers vilified up and down the country for plunging us all into financial crisis will next week face Treasury Committee members investigating the credit crunch. So what should the MPs ask them? Sean Farrell reports

Early departure for RBS chief

The chairman of part-nationalised Royal Bank of Scotland stepped down two months early today.

RBS faces class action on $10bn share offering

US court filing alleges bank misled investors

Hedge fund bosses tell MPs: we are the victims

Traders blamed for banking crisis in showdown

Prince Charles parts with 'Fred the Shred'

His reputation has been devalued as savagely as the toxic debts on the books of the Royal Bank of Scotland and the humbling of Sir Fred "The Shred" Goodwin, the bank's former chief executive, continues.

Credit crisis diary: Merrills helps to redefine banking

Merrill Lynch has been a little short of successes in recent months, so who can blame it for patting itself on the back after successfully advising on a major M&A transaction? "This revolutionary transaction redefined banking in Europe and the art of mergers and acquisitions worldwide," Merrill's annual report,published online, says. What a pity the deal in question was Royal Bank of Scotland's purchase of ABN Amro, though there is no disputing thatthe takeover did indeed redefine banking.

Was ABN the worst takeover deal ever?

Royal Bank of Scotland's deal for ABN Amro is acknowledged as a shocker. But is it the worst ever? Mathieu Robbins counts down the top ten bad deals

The man who lost £28bn of RBS cash

As head of RBS, Fred Goodwin was lauded, knighted and richly rewarded. Now he is being blamed for the biggest loss in British corporate history. Cahal Milmo reports

RBS pledges £6bn of extra lending after shares swap

Chief executive admits lender made costly errors during the economic boom

RBS shares collapse after record losses

Shares in Royal Bank of Scotland collapsed today in the wake of the Government's latest rescue bid and news that the bank is facing the worst loss in UK corporate history.

New bailout 'is not a blank cheque'

Gordon Brown insisted today he was not handing a "blank cheque" to banks which have taken on bad loans - but refused to say how many more billions the taxpayer would be asked to underwrite.

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