"It should work out as a zero sum game, " said Michael Trippit of Oriel Securities.

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The party will then attend a reception at the Deanery and lunch as guests of Oriel College.

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"I think it will be a similar company, " said Redwan Ahmed, analyst with Oriel Securities in London.

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King Edward Street and Oriel Square will be closed from 10:30 to 15:30.

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"I think it has absolutely zero credibility, " Emma Ormand, a director at Oriel Securities, told BBC Radio 4's Today programme.

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Analysts at Oriel Securities said that the Basel III regulations were positive for U.K. banks because they complied well with the new guidelines.

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"I don't know if this is the death knell for Barclays' bid, but right now, if you put aside the litigation risk, you'd have to say RBS is out in front, " Oriel Securities analyst Mike Trippitt told Thomson Financial.

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Michael Trippitt of Oriel Securities said HSBC had been looked at unfairly by the market for having a relatively low core capital ratio, a key measure of a bank's reserves to back up its lending and investment portfolio.

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Mr Gordon, Mr Alexander, his wife, Ms Purdy, Leon Brown, 30, of Daisy Road, Canning Town, London, Emma Jones, 25, of Oriel Drive, Uxbridge, and Mr Gordon's long term partner Sherika Abbott-Holder, 26, of Malcolm Court, Ealing, London, all face four charges.

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