Royal Bank of Scotland’s Chris Sullivan, the deputy chief executive officer whose evidence to the parliament was criticised by legislators, has left the bank.

An extra 300,000 households in the UK may struggle to keep up with their mortgage payments when interest rates start rising, the Bank of England has signalled.

The Bank of England’s deputy governor has apparently softened its stance on plans to jail reckless senior bankers after a City backlash.

A Royal Bank of Scotland executive has denied the bank profits from small business customers in financial distress.

The British government will legislate to ensure reckless bank bosses can be jailed and bonuses can be clawed back, David Cameron has said.

Radical plans to split Royal Bank of Scotland (RBS) into a “good” bank and a “bad” bank must be looked at immediately as part of an urgent rethink of Government plans for privatisation, according to an influential Parliamentary commission.

UK bankers’ bonuses could reportedly be deferred for up to 10 years and directors held personally liable for future collapses under a series of recommendations published by MPs and peers this week.

A British parliamentary proposal to give Ireland the loss-making Ulster Bank in return for Nama’s lucrative, London property portfolio would be rejected by the Government if it ever becomes a firm offer.

The UK will pay its final respects to Margaret Thatcher today as friends and foes continue to row over her legacy.

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.

British lawmaker Andrew Tyrie has said Britain’s finance regulator must ensure customers are being treated fairly as a result of Bank of Ireland raising interest rates for some mortgages.

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.

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”.

UK inflation defied forecasts last month to hold at its highest rate since May, reducing the scope for the Bank of England to inject more cash into the struggling economy.

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

The UK's City watchdog warned Barclays two years ago that appointing Bob Diamond as chief executive could prove unsuitable, documents revealed today.

The Central Bank will work with the UK’s Financial Service Authority (FSA) on an investigation into the RBS group’s technical failure, expected to cost the bank more than the £125m (€158m) set aside to cover compensation payment.

If we take Bob Diamond and Paul Tucker at their word, part of the Libor scandal at Barclays can be chalked up to a series of comic misunderstandings, like a children’s game of telephone.

A phone call between Barclays boss Bob Diamond and the Bank of Englandultimately led to some of the rate-rigging actions at the heart of the ongoing banking scandal, the bank said yesterday.

Barclays boss Bob Diamond is facing mounting calls to quit as he said all those responsible for the rate-rigging scandal should pay the price.

More banks in the UK could be caught in the scandal which saw Barclays pay £290m to settle claims that it used underhand tactics to try to rig financial markets.

David Cameron has held talks with US president Barack Obama and other key allies amid mounting fears over the eurozone crisis.

The City regulator in the UK today bowed to pressure and said it hoped to reveal details of its inquiry into the collapse of Royal Bank of Scotland by the end of March.

Bank of England Governor Mervyn King today warned that a sustained UK recovery was still uncertain despite the economy's recent stellar growth.