Ocado co-founder sells £3.3m shares

Royal Bank of Scotland's new boss, Ross McEwan, was given a taste of the challenge he faces as the bank's shares slid despite it reporting the first two-successive quarters of profits since its £45bn taxpayer funded bailout.

Three people I met this week who work in the upper echelons of Big Four accounting firms said they intended to retire soon and thereafter find a role as a non-executive director somewhere. They don't much mind what kind of business – provided it is not a bank.

New Zealander will be paid £1 million – £200,000 less than his predecessor

The 81 per cent taxpayer-owned bank announced swing into profits of £1.4bn under outgoing boss Stephen Hester

The 56-year-old's appointment would see a shift in focus towards retail banking and away from riskier investments

Outlook Complaints from senior politicians over profiteering, criticisms that bosses treat customers poorly – the predictable reactions to Centrica's results get more and more like those that afflict the Royal Bank of Scotland.

Two former RP Martin brokers appeared in court yesterday before a trial into the alleged manipulation of the London interbank offered rate.

Banks have disappointed government and they have disappointed the public, and yesterday Barclays disappointed the City. This time, the crushing disappointment wasn’t due to mis- selling or big bonuses – Barclays yesterday frustrated the Square Mile when it emerged it will pursue a £5bn-plus rights issue to plug the perceived hole in its balance sheet that the Bank of England’s capital requirements have revealed.

Outlook: Accountancy’s Big Four have the financial clout and the wherewithal to fight their regulator

The Independent on Sunday: Regulator accused of £110m error

£1m fund to help creative firms

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