A scathing report by the UK’s Treasury Committee into the way RBS treated small firms highlights the need for greater competition and tougher regulatory controls, writes Kyran Fitzgerald

Royal Bank of Scotland Group denied deliberately forcing the collapse of small business customers in the wake of the 2007 financial crisis after two news organisations published leaked internal documents.

The Vatican bank has blocked the accounts of more than 2,000 clients and ended some 3,000 "customer relationships" as part of a clean-up process that nearly wiped out its profit, its 2013 financial statement showed yesterday.

AIB has turned to the man who investigated the activities of rogue trader John Rusnak to advise on the bank’s risk control and compliance.

Allied Irish Banks was today set to announce if heads would roll following its foreign exchange loss of almost €700 m at American subsidiary Allfirst.