RBS fined £56m for IT meltdown

Royal Bank of Scotland has been fined £56m for a meltdown in its consumer systems that locked 6.5 million customers out of their bank accounts for days on end in June 2012.

Bank of England sets out tough regime for failed banks

(Reuters) - Top managers of a failed bank would be replaced immediately and creditors told within two days the losses they will bear, the Bank of England said on Thursday in its blueprint for avoiding taxpayer bailouts in future financial crises.

Vince Cable confronts Lloyds over staff cuts in commercial banking

Vince Cable is demanding an urgent meeting with the boss of Lloyds Banking Group after the bailed-out bank made deep cuts to the number of its small business experts.

RBS sell-off may not happen for another five years, says Vince Cable

A sell off the taxpayer's 81% stake in Royal Bank of Scotland may not take place for another five years, according to business secretary Vince Cable.

U.K. Stocks Drop Even as FTSE 100 Rises for 11th Month

U.K. stocks declined, even as the FTSE 100 (UKX) and FTSE All-Share Indexes both posted their longest- ever streaks of monthly gains, as mining companies fell and a report showed U.S. business activity shrank this month.