banks

'Regrets' not having more time to reform bank

Further £10bn needs to be put aside

Period of heavy fines has passed

First quarterly loss since 1998

Fund exposed to EM consumer growth

Warning sector could halve in next few years

Staff blog addresses growing concerns

Until recently European markets had been steadily growing, but with strong performance from stocks traditionally seen as defensive or defensive growth.

SVM's Hugh Cuthbert, co-manager of the All Europe SRI fund, has said the investment case for traditional utilities companies has come to a permanent end.

The government has reduced its stake in RBS by 5.4%, selling 630 million shares for £2.1bn in a quick-fire sale to institutional investors.