Goldman Sachs to advise on RBS and Lloyds sell-off

Goldman Sachs is to play a key role in selling off the taxpayer stakes in Royal Bank of Scotland and Lloyds Banking Group.

HSBC hands allowances to hundreds of bankers to avoid EU bonus cap

Britain's biggest bank, HSBC, has inflamed the row over City pay by awarding allowances to hundreds of its top staff, enabling them to avoid the EU bonus cap.

Scottish independence: Cable says RBS would have to move to London

Royal Bank of Scotland's future as an Edinburgh-based bank was thrown into doubt after Vince Cable said it was inevitable the bailed-out bank would relocate to London in the wake of a vote for an independent Scotland.

EU says banks should split risky trading from banking

A European Union advisory group says that Europe's banks should be split into separate legal entities, in order to protect ordinary retail banking from risky trading.