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Midweek View: The Gogarburn HQ is a great monument to Mr Goodwin's vanity. The detail here is frightening, and laughable

The Business On... Martin Sullivan, Deputy chairman, Willis

So who's gone and hired one of America's 'worst CEOs'.

James Moore: RBS playing the offshoring game

Outlook Barely a week goes by without yet more job losses at Royal Bank of Scotland. Another 3,500 posts were trimmed yesterday. The total (as estimated by the Unite union) is at 21,500 since 2009. Some of the latest batch come as a consequence of the forced sale of more than 300 branches to Banco Santander. But many more are part of a continuing programme of lay-offs as Stephen Hester grapples with the wreckage left by his predecessor, Sir Fred Goodwin.

Business Diary: Romer's coded message for UK

The Obama administration can't quite help itself.

The Business On... Julius Meinl V, Chairman, Meinl Bank

A German banker?

Alistair Dawber: How incentive bar was set so low that executives could hardly fail

Earnings of executives at Britain's leading companies are largely determined by a band of part-time directors whose job it is to oversee the way a company is run and ensure that those with day-to-day control act in the best interest of shareholders.

RBS hit with huge fine for Goodwin failings

Royal Bank of Scotland suffered a major embarrassment yesterday when the state-owned bank was fined a record £5.6m by the City watchdog for failing to ensure that funds were not transferred to people under Treasury sanction.

Down but not out

Sporting defeat is painful to watch and worse to experience. But off the pitch, failure is more complex – and may even be useful, argues Hamish McRae

David Prosser: Osborne will have to look elsewhere for austerity affirmation

Outlook: A Chancellor seeking covering fire for a full-scale assault on public spending willnot find it in the OBR's pre-Budget report issued yesterday

Business Diary: Bootle claims the OECD is nuts

Never let it be said that Roger Bootle's Capital Economics does not say what it thinks, even if it subsequently remembers to moderate its language. Issuing its latest thoughts on last week's global economic outlook from the Organisation for Economic Co-operation and Development, the think-tank admits: "Our initial response to the OECD's recommendation that UK interest rates should rise to 3.5 per cent by the end of next year ('completely mad') may have been a bit extreme."

Shareholders snub Sir Stelios's call for an easyJet revolt

Sir Stelios Haji-Ioannou, who last week resigned from the board of easyJet in a dispute over strategy, is now facing a struggle to persuade other investors to join his activist campaign.

In The Spotlight: Stephen Hester, RBS

The career banker charged with putting RBS back in the hunt

RBS accepts calls to alter executive bonus scheme

Royal Bank of Scotland was forced into an embarrassing climb-down over its executive remuneration policy yesterday, bowing to shareholder pressure to make bonus targets tougher.

Exclusive: Fred Goodwin’s banker quits for retirement

Matthew Greenburgh, the man dubbed Fred Goodwin’s banker after advising on a string of deals for the former Royal Bank of Scotland chief executive, has today quit Bank of America Merrill Lynch

David Prosser: Who's next at M&S

Outlook So farewell then, Sir Stuart Rose – or at least it will be when Marks & Spencer's executive (soon to be non-executive) chairman finally bows out of the company next March. Who, though, is the right man, or woman, to succeed Sir Stuart?

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