Royal Bank of Scotland has been cleared of deliberately putting SME customers in financial distress out of business for its own profit in a report commissioned by the state-backed lender.
U.K. stocks advanced, with the benchmark FTSE 100 (UKX) Index extending its weekly gain, as Barclays Plc and Lloyds Banking Group Plc rose.
Mulberry has vowed to win back loyal customers after fans of its designer handbags were priced out by a disastrous push into more exclusive markets.
Volatility in a number of key emerging markets, including China, Russia and Kenya, is causing a major headache for Diageo's new chief executive, Ivan Menezes, as the drinks giant reported a shock 1.3pc slide in third quarter sales.
Mr Flowers was arrested in November following newspaper allegations he was involved in a drug deal. He had stepped down from the Co-op six months earlier over concerns about his expenses.