Banks should call it a day

David Kuo of The Motley Fool responds to the Court of Appeal decision on bank charges: "The court has ruled that the Office of Fair Trading can proceed with a trial on whether overdraft charges are excessive. We urge banks not to appeal today's ruling but instead co-operate fully with the regulator to reach an amicable solution.

"To pursue further legal action will only damage shareholder value, which in the case of Royal Bank of Scotland and Lloyds Banking Group is largely taxpayers' money.

"Banks have done enough destruction already. It is now time to call it a day if they want to preserve any shred of dignity that remains."