News

"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.

Cheques to decline further as guarantee system ends

Banks will no longer underwrite cheques from 30 June, making it easier to lose money on bounced cheques. Julian Knight investigates

David Prosser: The tortuous path to transparency in the case of Royal Bank of Scotland

Outlook The curious affair of the Financial Services Authority's report into Royal Bank of Scotland continues. The good news – at least for those of us who believe in accountability and transparency – is that an abridgedversion of the report at least will eventually be published. That did not look likely back in December when the FSA announced its inquiries into the near-collapse of the bank had concluded and that no action would be taken against any of the individuals involved. The regulator initially refused to make its workings public.

Walker and Knight asked to review FSA report on RBS

The potentially explosive report into the near-collapse of Royal Bank of Scotland will be delayed by many months after MPs yesterday appointed independent experts to review the Financial Services Authority's findings.

FSA in disarray over RBS report

The Financial Services Authority is poised to admit its report into the near-collapse of Royal Bank of Scotland in 2008 could be delayed indefinitely. The City watchdog was due to publish its report at the end of March into the crisis that led to the Government bailing out RBS with £45bnbut there is still no timetable forit to appear.

Business Diary: Miller puts the past behind him

Alan Miller is a widely respected fund manager in the City, but is probably best known beyond the Square Mile for his exceptionally messy divorce from his wife Melissa – she got £5m in a judgment that he appealed all the way to the House of Lords before losing. It's good to see the episode hasn't put Miller off women. Interviewed in the latest issue of Spear's magazine, Miller reveals he has only two personal speed dial numbers on his phone: "The two most important women in my life – my [new] wife and my mum."

Julian Knight: Katherine 'the Great' needs more discipline

Tired and underperforming are two words that spring to mind when the UK's biggest investment trust, the Alliance trust, is mentioned.

Simon Read: Understand the risks before choosing ETFs

Exchange Traded Funds are sold as a low-cost way to invest in a wide range of different investments. They are similar to tracker funds in that they are passive investments. But problems are beginning to be voiced about just what the underlying investments are, and are they safe.

Committee to reopen cheques inquiry

Banks were accused today of ignoring the needs of millions of vulnerable people by pressing ahead with plans to phase out cheques.

Tyrie livid as Knight refuses to face TSC

In an angry exchange of letters, Andrew Tyrie, the head of one of Parliament's most powerful committees, describes the decision by Angela Knight, the head of the British Bankers' Association, not to appear before or to respond to the committee's inquiry into competition in the industry as "incomprehensible".

Stop the Budget leaks, MPs warn Treasury

MPs today deliver a stinging rebuke to the Treasury over its habit of leaking eye-catching parts of the Budget in advance, calling for an end to the "corrosive" practice.

Business Diary: Where have all the men gone?

Our congratulations to the 16 personal assistants named yesterday on the shortlist for the Hays PA of the Year Award.

City nervous ahead of bank reform report

Shares in the UK's high street banks are likely to come under pressure again this week as the City digests the Treasury Select Committee's latest proposals for more competition in the sector ahead of next week's interim report from the Independent Commission on Banking.

Uncompetitive, dishonest: MPs' verdict on UK banks

More than a decade after the Cruickshank Report slammed Britain's banks as uncompetitive, little has changed, say MPs

MPs call for inquiry into tax avoidance by companies

MPs are pressing for a Commons inquiry into levels of tax avoidance by multinational companies.

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