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RBS Glitch Needs Full Investigation, says Mervyn King

Bank Of England Logo

Sir Mervyn King, governor of the Bank of England, called for a full review into what caused the computer meltdown at Royal Bank of Scotland, as the bailed-out bank admitted a "few specific sets of transactions" continue to be trapped in its computer system.

Cyprus Seeks Eurozone Bailout

Euro Toliet Roll

Cyprus has become the fifth eurozone country to seek outside financial help to shore up its ailing economy after a day of heavy selling on financial markets prompted by fear that this week's European summit will end without a blueprint to rescue the single currency.