Britain's biggest bank said to have helped wealthy clients cheat the U.K. out of millions in tax.
Royal Bank of Scotland originally planned to shrink mortgage arm by two-thirds.
Banks fined for failing to control business practices in foreign exchange trading operations.
World's biggest banks should hold a buffer of bonds in case of a collapse, a global regulatory body proposed.
The economy of the 18-country strong eurozone will grow by just 0.8% this year.
Largest bank in U.S. facing criminal investigation by the Department of Justice.
The banks now have nine months to shore up their finances or risk being shut down.
The U.S. bank with the biggest international business looks to cut persistently high costs.
The quarterly results represent a marked improvement on a year earlier, when the bank posted a $380M loss.
Staffers dismissed following an investigation into the manipulation of key interest rates set in London.
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