The Royal Bank of Scotland's chief executive, Stephen Hester, has announced that he will not take a bonus this year following the failure of the RBS computer system and subsequent chaos that it caused.
The proposed introduction of a new single banking supervisor run by the ECB which could lead to funds been directly injected into the banks is a real positive step in the road to greater eurozone unity.
The FSA has today (Friday) announced that it has found serious failings in the sale of interest rate hedging products to some small and medium sized businesses (SMEs).
Veolia Environnement, the French water and waste group, have announced the sale of its three UK water businesses as they seek to reduce their debts.
The Financial Services Authority (FSA) has today fined Barclays Bank Plc (Barclays) £59.5 million for misconduct relating to the London Interbank Offered Rate (LIBOR) and the Euro Interbank Offered Rate (EURIBOR). This is the largest fine ever imposed by the FSA.
The Financial Services Authority (FSA) is consulting on proposals which would ensure that investors can make fully informed choices if they wish to consolidate their investments in one place on a platform and understand exactly what they are paying for this service.
The Euro dropped across the board following an auction of Spanish government debt that saw investors demand interest rates of 2.3% to lend money for three months and 3.3% for six months.
Spain's problems look set to be continuing following their formal request for a bailout loan for its struggling banking sector.
Moody's, the credit ratings agency, has confirmed the downgrading of 15 global banks and financial institutions, including banks in the UK.
The US Dollar has recovered from 4-week lows against the Euro and the Pound after the Federal Reserve announced they would extend their Operation Twist programme, but stopped short of adding to its record stimulus.