Stripping Goodwin of his honour was contrary to natural justice and the least the coalition can do now is ensure our dysfunctional financial system is fixed

Sir Victor Blank and Eric Daniels accused of making misleading statements about takeover

In profit...

Transport Secretary Justine Greening claimed credit for providing some cheer to the city of Derby.

HBOS, the bank that collapsed at the height of the credit crisis and had to be rescued by Lloyds Bank, is facing the prospect of disciplinary action from City regulators, the Financial Services Authority revealed for the first time yesterday.

Lloyds banking Group's new chief executive swung the axe yesterday, announcing 15,0000 job cuts on top of the 28,000 already made at the state-backed bank in the past two years.

Lloyds and Royal Bank of Scotland, the two largest British banks bailed out during the financial crisis, are cutting about 500 jobs in the latest round of redundancies across the industry.

Alliance Boots has cited "stress" as being among the key reasons why Andy Hornby left his role as group chief executive this year.

What is holding Alex Salmond back? The central goal of the Scottish National Party since its formation in 1934 has been independence for Scotland by popular consent. This was out of reach until last week, because the SNP did not have the votes to get the necessary legislation through the Scottish Parliament, let alone through Parliament at Westminster. But after Thursday's result, the way is clear. The Scottish Parliament can pass a Referendum Act whenever Mr Salmond chooses. David Cameron and the Scottish Secretary, Michael Moore, have both, rightly, said that they will not stand in the way.

Lloyds Banking Group stunned the City yesterday by revealing a first-quarter loss of almost £3.5bn as its new chief executive cleared the decks early in his reign.

There are winners and losers in the banking commission's interim report on reform, but what does it mean for the investor?

There were fears of further uncertainty for embattled bank workers after today's report suggested Lloyds Banking Group should shed more of its branch network to improve competition in the sector.

Among the many bank bosses vilified after the British banking crisis, only Andy Hornby bounced straight back. After he lost his grip on HBOS and it had to be rescued from collapse, he was quickly rehired by Boots as chief executive.

Eric Daniels, the chief executive of Lloyds Banking Group, will quit the role next week with a £1.45m bonus having steered his company firmly back into profit in 2010.

Outlook: As for the taxpayer, there can be no disposal of the Lloyds stake until Sir John Vickers' Independent Banking Commission has made its view clear