Royal Bank of Scotland confirmed that the bank fired employees as a result of inquiries into Libor-rigging charges, and that the bank is under investigation by U.S. British, Japanese, Canadian and European governments.  The bank may also look to sell its Citizens Bank unit, according to The New York Post, which named TD Bank as one firm kicking the tires. RBS reported a worse-than-expected $3.1 billion loss in the first half of 2012.

Bank of America has received subpoenas and requests for documents from the U.S. Department of Justice and Commodity Futures Exchange Commission, as well as the British Financial Services Authority, the bank said in a regulatory filing.

A 40 percent surge in claims on faulty mortgages against Bank of America can't be blamed on Countryside alone, reports Bloomberg. Investors have begun to seek put backs on loans made by Merrill Lynch and BofA's main banking division.

Japanese regulators have expanded their insider trading investigation, with extending inquiries onto the trading floors of banks such as Goldman Sachs, UBS and Deutsche Bank.

An appeals court tossed the six convictions in the so-called "squawk box" case, in which brokers left open phone lines next to internal squawk boxes, allowing traders to profit from the information. The judge scolded prosecutors for withholding evidence from defendants, according to The New York Post.

International Airline Group said it was planning a second restructuring of its Iberia unit as a contingency against Spain exiting the euro, The Journal reports.

JPMorgan has lost faith in a fund to invest in line with Catholic tenets on birth control and the death penalty, among other issues, as the fund failed to attract assets.

Warren Buffett's investments in the U.S. housing market—as well as his decision to eschew Europe amid the region's ongoing sovereign debt crisis—are paying off.