A new mis-selling scandal, centring on interest rate protection products, know as swaps, could be a “bigger problem” for banks than payment protection insurance (PPI), which...
Some leading banks have underpaid customers that are due compensation for being mis-sold Payment Protection Insurance (PPI), an investigation by the BBC has found. The difference...
The building society Nationwide has revealed that it is benefitting from the seven-day switching service launched last year, with a new current account opened every 50...
Barclays has announced it will cut 19,000 jobs, with around half coming from the UK, between now and 2016 in its new strategy update. The bank’s...
The crisis at the Co-op Bank can be blamed on bad management and governance and a “culture of mediocrity”, according to a damning new report dissecting...
The Labour party is reviewing its “financial arrangements” and could move loans worth more than £1 million to social bank Unity Trust breaking ties with the...
Following a troubled year, the Co-operative Bank has posted a loss of £1.3 billion for 2013 and has said it does not expect to make a...
The Royal Bank of Scotland (RBS) is set to close 44 branches across the UK, 14 of which are the ‘last branch in town’. The move...
Just months after completing its £1.5 billion recapitalisation plan, the Co-operative Bank is seeking to raise an additional £400m following the discovery of another hole in...
A campaign lobbying for a more sustainable banking sector has urged people to move their money out of banks that fund the fossil fuel industry and...
The Royal Bank of Scotland (RBS), which remains 81% owned by the government, has reported a pre-tax loss of £8.2 billion for 2013. The losses are...