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Treasury Select Committee

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South West Trains to stop accepting cheques

One of the country's biggest rail companies is to stop accepting cheques from the end of this week, years before the target date for phasing them out across the whole economy.

'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.

Bank bosses hit back at break-up proposals

Britain's two state-backed "zombie" banks yesterday rejected calls for a break-up of Britain's banking giants, telling the Treasury Select Committee that the sector was "enormously competitive".