Royal Bank of Scotland saw its pay report overwhelmingly backed today as the taxpayer-backed bank reassured its investors it wanted to become “a bank that is built to last”.

Britain's biggest banks suffered more pain on the markets today after Spain fuelled the flames of the eurozone crisis with more economic woe.

Lloyds, the state-backed lender, is believed to have suspended at least two traders as it investigates possible interest rate manipulation.

A decision by the Government to strip Fred Goodwin of his knighthood because of his role in running the Royal Bank of Scotland had “a bit of the lynch mob” about it, Alistair Darling suggested yesterday.

Nervous traders wiped £28.5 billion from the value of London's leading shares index today as fears intensified that Greece will crash out of the euro.

The Independent on Sunday: Bank to lower its sights on forecasts for growth

More than 8,000 jobs were on the line today after Clinton Cards became the latest casualty of the high street spending slump.

Stephen Hester, chief executive of Royal Bank of Scotland, yesterday claimed that the beleaguered taxpayer-backed bank is "on track" for a recovery despite a £1.4bnfirst-quarter loss.

The Governor of the Bank of England, Sir Mervyn King, last night demanded that the Government speed up its reform of Britain's financial sector. He also attacked bankers for resisting new financial regulation in order to protect their large bonuses.

Few things say wealth like a hedge shaped as a horse leaping a fence on the trail of an imaginary fox.

Dubai watertight on Atlantis now