The chief executive of the bailed-out Royal Bank of Scotland, Stephen Hester, is one of the banking heads to come under the gaze of the UK's Treasury Committee, which is pressing ahead with its dissection of the banking crisis, after yesterday extracting apologies from former executives for their roles in the meltdown. Financial News is live-blogging the event.

Yesterday, the committee, led by Labour MP John McFall, drew an apologetic tone from Sir Fred Goodwin and Sir Tom McKillop, the former chief executive and chairman of RBS, as well as ex-HBOS chief executive Andy Hornby and his former chairman Lord Stevenson of Coddenham.