Royal Bank of Scotland executives have been accused of being �wilfully obtuse� with a Parliamentary committee over whether its controversial Global Restructuring Group was run as an �internal profit centre� for the bank.
More than two thirds - 67% - of all new complaints to the Financial Ombudsman Service (FOS) were about payment protection insurance (PPI), according to its latest complaints figures.
Credit Suisse reported its biggest-ever quarterly loss yesterday after it pleaded guilty and paid $2.6bn (�1.5bn) to the US Department of Justice over aiding tax evasion in May.
The food group Premier Foods is pinning its hopes of a turnaround on a relaunch of its Mr Kipling cake brand and the return of its Homepride Fred character after its half-yearly pre-tax losses more than tripled from �15.7m to �54.9m.
Shares in Royal Mail fell to their lowest level since October's privatisation yesterday as the postal giant delivered the gloomy news that revenues at its crucial parcel division are being stymied by strong competition from Amazon.