RBS probe report to be published

the Financial Services Authority, which earlier this month cleared former Royal Bank of Scotland directors of any wrongdoing, is to publish an explanation of the controversial finding.

By The Newsroom

Published 14th Dec 2010, 20:39 BST

Updated 15th Dec 2010, 10:09 BST

FSA chairman Lord Turner originally refused to release details of the investigation, claiming it would "add little, if anything, to public understanding of what went wrong".

But after a political outcry, senior ministers including Chancellor George Osborne and Business Secretary Vince Cable are said to have pushed the FSA to be more open about its 18-month probe into the collapse of one of Britain's biggest banks.

Meanwhile, angry shareholders have called on the FSA to reopen its investigation into RBS after Wikileaks revelations that chairman Sir Philip Hampton believed his predecessors had failed in their duties.