The Queen's bank, Coutts, is under inspection from the financial market supervisory body over a fund it vends to customers covering TV presenter Jeremy Clarkson, it come into view yesterday.

RBS, owning Coutts, reveals the Financial Services Authority examination during its interim outcome yesterday. This paves in just days since the watchdog's delivered RBS with a record penalty.

The FSA informed the banking group in the month of July that it had initiated an exploration into Coutts' promotion of a money market bond fund from American Life Insurance Company which is managed by concerned US insurer AIG - to customers flanked by 2001 and 2008.

It is believed that the top Gear presenter Clarkson and comedian Frank Skinner have endowed in the fund that sprinted into dilemma since the credit crunch. AIG's subsidiary blocked the extraction in the year 2008.

The bank should not remark additional than expressing that it was collaborating fully with the examination. According to a spokesman for the FSA established the examination, but turned down to remark further.