"Extreme" allegations that Royal Bank of Scotland tipped viable businesses into bankruptcy were described as "plausible" because of its "flawed" structure by a former deputy governor of the Bank of England yesterday.

David Prosser: Let's put a stop to the kite-flying at Barclays

Outlook What is Barclays Bank up to? Eleven weeks ago yesterday, Bob Diamond, the bank's chief executive, told a public hearing of the Treasury Select Committee that he was "crystal clear" about one thing at least: Barclays headquarters would remain in the UK. Now, rumours are flying round the market that the bank has held discussions with US regulators about a move to New York – and Barclays isn't denying the story.

Osborne insists Plan B will mean higher rates

The Chancellor, George Osborne, told the Treasury Select Committee yesterday that any let-up in his plan to reduce the fiscal deficit would result in an almost immediate rise in borrowing costs and mortgage bills.

David Prosser: A fruitless search for economic growth

Outlook While George Osborne was busy telling the Treasury Select Committee yesterday about his "Budget for Growth", the evidence stacking up elsewhere pointed to a distinct lack of this precious economic commodity. Certainly there was no sign of any growth at Thomas Cook, which warned the UK was likely to be its least attractive market this year. Nor was there much to be found in the groceries sector, where the latest Kantar market share figures suggested the only supermarkets making any progress just now are the discounters. In fact, the only thing growing yesterday was the volume of the campaign for an interest rate rise, with Martin Weale, one of the Monetary Policy Committeemembers who has been pushing for an early increase in the cost of borrowing, making the case volubly once more.

MPs call for tougher policing to shake up banking cartel

Treasury Select Committee to recommend radical changes to bring competition into high street banks

Five senior RBS executives share pay and bonuses worth £21m

Royal Bank of Scotland revealed yesterday that its top five non-board executives collectively earned more than £21m last year.

Sean O'Grady: In this together – but Mr Osborne should put women and children first

You can call it a patriarchal offensive if you wish; I would say it was an unfortunate accident of the way the economy happens to be structured

Barclays fuels anger over Bob Diamond's pay

Barclays fuelled anger over bankers' pay today after it emerged three senior staff topped the £6.75 million earned by boss Bob Diamond last year.

Delay in City watchdog's report on the rescue of RBS

The long-awaited Financial Services Authority report into the events leading up to the rescue of the Royal Bank of Scotland is likely to be delayed until next month.

Business Diary: Goldman would say that wouldn't it?

Here's a share tip for you courtesy of the good folk at Goldman Sachs. Shares in the online groceries company Ocado have fallen so far in recent weeks that they are now a buy, the investment bank says.

King says living standards may never recover from the crisis

Bank of England Governor strikes dovish note on timing of interest-rate increase

David Prosser: European regulation not so scary after all

Outlook For those who do not share the europhobic tendencies often seen in the City, the development of the new European Securities and Markets Authorities is heartening.

Employers poised to slash staff pensions – again

Businesses could be tempted to cut their contributions next year when the Government's low-cost scheme is brought in

'Unrepentant' Diamond set to bank £9m bonus

Bob Diamond, the banking chief who told MPs last month that it was time bankers stopped apologising for their role in the financial slump, is in line for a bonus of up to £9.5m.

New banking rules risk being 'rushed'

Plans to overhaul financial regulation are in danger of being rushed in before they are properly thought through, MPs warned yesterday. The Government plans to do away with the tripartite system in which the Financial Services Authority, the Bank of England and the Treasury share responsibility for regulating the City.

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