Osborne vows banking 'reset'

Chancellor George Osborne says 2013 will be the year when the banking system is"reset". He wants new powers to break up the banks if they do not follow rules to ring-fence risky operations.

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  1. Laura Kuenssberg

Osborne predicts 'more anger' at RBS Libor fine

George Osborne has predicted "even more public anger" when the Royal Bank of Scotland Libor fine is revealed very soon.

The Chancellor repeated his threat that the RBS fine will have to be met from bonuses.

It is possible that the fine will be bigger than the bonus pool.

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