RBS

The Financial Conduct Authority's(FCA) income from fines it imposes on financial services companies is set to dip on last year's total, despite record penalties for Barclays and Deutsche Bank in recent months.

Royal Bank of Scotland (RBS) is preparing shareholders for the government to sell down its 79% stake in the lender by asking them to vote on costs related to a sale at its annual general meeting.

The FTSE 100 has risen almost 1% this morning to retake the 7,000 level, as all sectors except materials enjoy gains.

Foreigner investors have been selling UK gilts at a faster rate than at the peak of the financial crisis in 2009, ahead of an unpredictable general election.

Swiss private bank Union Bancaire Privée (UBP) has agreed a deal to buy the international arm of Coutts from the Royal Bank of Scotland.

Royal Bank of Scotland is to cut as many as 14,000 investment banking jobs over the next five years as it scales back its US and Asian arms, according to reports.

Shares in The Royal Bank of Scotland suffered a sharp fall after the bank reported a £3.5bn loss in 2014.

Old Mutual Global Investors income manager Stephen Message is running one of the largest overweights to financials in his sector, in the expectation UK banks are set to return cash to shareholders.

Investec is understood to be the latest financial services group considering a bid for Coutts International.

The Bank of England is planning to put the emerging market exposure of UK banks under scrutiny in the next round of stress tests.