The big business story of the day looks like being Barclays CEO Bob Diamond's appearance before the Treasury Select Committee, blogged by my colleague Jill Treanor here.
On the markets, Barclays was also on the move this morning.
Barclays was one of the top gainers among the FTSE 100, up 4.4% to 288p. UBS said yesterday the bank could unveil a restructuring next month to get rid of low-return legacy assets, returning £10bn to shareholders by 2014.
It was a good morning for other banks too.
HSBC added 2.5% to move to 689p after Citigroup upgraded it to "buy" from "hold".
Banks added 18 points to the FTSE 100 this morning as a result, making the sector the biggest single contributor to the FTSE's rise above 6,000 today. By mid-morning the blue-chip index had put on 64 points to reach 6,020.
