Speculation about a government sell-off of Royal Bank of Scotland and Lloyds Banking Group was escalating on Tuesday night amid reports that the International Monetary Fund is urging the Treasury to accelerate its disposal of the £65bn stakes in the two bailed-out banks.
The "best and the brightest" students are being put off a career in banking because of the stigma attached to the industry, the boss of Lloyds Banking Group haswarned.
Sir Win Bischoff is to stand down as chairman of Lloyds Banking Group in the coming months when the bailed-out bank is expected to begin preparing for privatisation.
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MPs have called for an inquiry into why former HBOS bosses were given almost £1m in "bonuses for going bust".
Three former directors of HBOS could be banned from serving as company directors after business secretary Vince Cable asked civil servants to consider whether those responsible for the bank's collapse in 2008 deserve to be disqualified.
Lloyds Banking Group infuriated unions by revealing it had paid 25 staff more than £1m while continuing a redundancy programme that will lead to 45,000 job cuts and offering front-line staff below inflation pay rises.
An increase in profits at the big five UK banks was wiped out by more than £11bn of fines and compensation payments in 2012.
The mood towards the bailed-out banks turns on a sixpence. In the space of the past fortnight the government has floated the idea of a share give away of shares in Royal Bank of Scotland, ruled out a full nationalisation of the Edinburgh-based bank, and lowered the hurdle price at which the sell-offs could begin of RBS and Lloyds Banking Group.
Hearing the CEOs of Britain's "too big to fail" banks talk up their annual results in the past few days, it was difficult not to feel a mixture of pity, respect and fear.
The chairman of Lloyds Banking Group, Sir Winfried Bischoff, has said that employees' bonuses this year will be the 'lowest undoubtedly of any bank'.
Lloyds Banking Group has the biggest private shareholder base in the UK and is the UK's leading provider of current accounts, savings, personal loans, credit cards and mortgages.
Lloyds Banking Group infuriated unions by revealing it had paid 25 staff more than £1m while continuing a redundancy programme that will lead to 45,000 job cuts and offering front-line staff below inflation pay rises.
Speculation about a government sell-off of Royal Bank of Scotland and Lloyds Banking Group was escalating on Tuesday night amid reports that the International Monetary Fund is urging the Treasury to accelerate its disposal of the £65bn stakes in the two bailed-out banks.
