Royal Bank of Scotland is today expected to announce 2,000 job losses in the wake of boss Stephen Hester’s plans to stand down after five years at the helm.

Taoiseach Enda Kenny has said he has not seen any proposal from the British government on a purchase of Ulster Bank.

UK Chancellor George Osborne is reportedly set to face calls from a high-powered commission of MPs and Lords to split Royal Bank of Scotland into a good bank and a bad bank.

Pressure is mounting in the UK on disgraced former HBOS bosses amid anger over mammoth pension pots and nearly £1m of “bonuses for going bust”.

Former HBOS chief executive James Crosby has stepped down as non-executive director of catering firm Compass Group and said he wants to be stripped of his knighthood in the light of last week’s scathing report into the bank’s collapse.

The British Chancellor’s attempts to “re-set” Britain’s banking system still do not go far enough, a panel set up following the industry’s Libor-fixing scandal said today.

Royal Bank of Scotland’s top investment banker today insisted he had resigned to take full responsibility for staff who rigged interest rates.

Britain’s banks could face the threat of being broken up after a report warned the ring-fence to separate risky operations from savers’ deposits needed “electrification”.

British Chancellor George Osborne indicated today that he wants a professional standards organisation set up to keep British banking behaviour in check.

Britain’s high street banks have outlined plans to clean up the sector’s act following a summer of scandal for the industry.

British lender Barclays has today called for a new industry body to be formed with the power to ban rogue bankers in the wake of the rate rigging scandal.