RBS

The return of long-dated investment trust debt

Banks caught mis-selling interest rate hedging products (IRHPs) have so far paid £1.1bn in compensation to customers, the Financial Conduct Authority has revealed.

With the banking sector reporting mixed first quarter results, which groups are still worth holding on to?

Barclays plans to axe more jobs than it had previously announced, as part of the chief executive's ambitious cost-cutting plans.

Royal Bank of Scotland has announced profits of £1.6bn for the first quarter of 2014, far surpassing expectations and sending shares soaring over 10%.

M&G's Tom Dobell has been upping his stake in the firm he described as formerly the "worst-run company" in the FTSE 100 in anticipation of a change of fortunes for the business.

RBS could suffer a "material adverse effect" should Scots vote for independence in September this year, the Edinburgh-headquartered bank has warned.

RBS will not pay out bonuses in line with its rival banks, after the UK government said it would not support a payout ratio of two times executive salaries.

FUND MANAGER FOCUS

Major UK financials were in the doldrums today, with both Royal Bank of Scotland and Standard Life sharply lower in early trading following updates from the businesses.