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RBS Glitch Needs Full Investigation, says Mervyn King

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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

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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.

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