Osborne asks BoE to consider extra powers to curb banks

(Reuters) - Chancellor George Osborne has asked the Bank of England to decide whether it needs more powers to control banks' risk-taking.

David Cameron hints at time frame for RBS sell-off

David Cameron has pressed Royal Bank of Scotland executives to "accelerate" preparations towards allowing a sell-off of the state-owned bank, possibly before the next general election in 2015.

Bank of England fears that financial system needs more capital

Bank of England policymakers have ordered UK banks to make a more "honest" assessment of hidden losses on their balance sheets and warned they will be forced to find ways to fill a shortfall that could be up to £60bn.