The City watchdog has been accused of "serious misjudgment" in its failure to step in and block Royal Bank of Scotland's disastrous takeover of Dutch rival ABM Amro.
A report by MPs on the Treasury Select Committee slammed the Financial Services Authority (FSA) for the part it played in the failure of RBS, which saw the taxpayer stump up £45.5 billion to prevent it from collapse.
The committee said the FSA's biggest fault was not intervening to stop the "calamitous" near-£50 billion ABN takeover and is urging the Government to legislate to ensure the regulator is explicitly required to approve major bank acquisitions to prevent a repeat of the fateful deal.
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The government is encouraging motorists to think twice about buying diesel cars in a bid to improve air quality.
Atlantic frontal systems spread rain in from the northwest on both weekend days. Windy - with gales across the north and west but mild.
The band announced at a free concert on Friday that they would take over the event's Pyramid stage on Saturday June 25.