A South Nottinghamshire Conservative MP tasked with investigating the Libor rate-rigging scandal said she and her fellow politicians were "useless" in uncovering the truth behind the affair.

British banking giant Barclays today saw its credit rating outlook downgraded to negative to reflect concerns over the impact of Bob Diamond's shock resignation.

Barclays chief executive Bob Diamond resigned with immediate effect today in the wake of the rate-rigging scandal.

Banking giant Barclays will report another multibillion-pound profit haul tomorrow despite a turbulent year for its powerhouse investment arm.

Barclays’ chief executive Bob Diamond was confirmed as the UK’s best paid bank boss today – despite receiving a smaller-than-expected £6.5m (€7.5m) bonus for last year.

A leading Barclays’ boss today rejected British Government plans to impose targets for lending to small businesses.

Barclays today reported a leap in first quarter profits to £1.82bn (€2.09bn), but shares came under pressure amid fears of a slowdown at its star investment banking arm.

Royal Bank of Scotland chief executive Stephen Hester could be in line for a bonus of up to £1.6m (€1.82m) this week despite the bank's predicted hefty losses, it was reported today.

Royal Bank of Scotland (RBS) has indicated it will bow to pressure to slash executive bonuses after a bruising row with the British Treasury, it was reported today.

A reported $10bn (€7.4bn) deal in the offing for Barclays' asset management arm gave bank stocks a shot in the arm today.

A gatecrasher to Barclays' £3bn (€3.37bn) deal to sell fund management business iShares could net the bank another £500m (€562.7m), it was reported today.

Barclays bank president Bob Diamond was in line for a payout of up to £4.7m (€5.2m) today after the bank sold part of its fund management business to bolster its finances.

Shares in banking giant Barclays took a fresh pummelling today as investors continued to fret over the outlook for the beleaguered industry.

Shares in HBOS were back under pressure today after a short-lived recovery for London's leading share index.

Halifax announced today that it was cutting its UK mortgage rates for the third time this month.

Banking giant Barclays today revealed a lower-than-feared £1.3bn (€1.8bn) write-down on investments linked to the crisis-hit US mortgage market.

Barclays saw shares plunge to levels not seen for more than three years today amid renewed fears over the bank’s vulnerability to the credit crunch.

The Chinese and Singaporean governments became major shareholders in Barclays bank today as the bank raised its offer for Dutch takeover target ABN Amro.

Royal Bank of Scotland today unveiled the terms of a revised £48bn (€70.9bn) offer for Dutch bank ABN Amro.

Britain's third largest bank, Barclays, is thought to be near to closing a deal to purchase Providian Financial, the US credit card company, in a deal which could be worth $4bn (€3.15bn).

THE London market slid back below the 4,100 level today after trading was hurt

Barclays bank in Britain is to close its life insurance division with the loss of 750 jobs as a result of a new partnership with Legal & General.