Companies

Nov 14: UK stays out of bank' boardrooms

The state's £37bn stake in Britain's part-nationalised banks will be held at arm's length with no direct boardroom representation, according to the two men charged with managing the investments. Peter Thal Larsen, banking editor, talks to Daniel Garrahan about how it will work and whether investors will start to buy shares in RBS on the news the struggling bank is set to axe 3,000 jobs.