A government adviser has warned banks that abusive practices could hinder Britain’s economic prosperity, saying, “It is time for growth, not greed.” Lawrence Tomlinson, entrepreneur in...
Ross McEwan, who joined the Royal Bank of Scotland (RBS) in 2012, will be the bank’s new CEO from October, after Stephen Hester resigned in June with £1.6m payoff. McEwan,...
Shares in Barclays fell sharply on Tuesday, as the bank announced a plan to help cover a £12.8 billion shortfall in capital. It will issue £5.68...
Most commentators seem to agree that a return to ‘back to basics’ banking is needed if we are to avoid the kind of speculative bubbles that...
One in four current account holders would switch providers if they thought the process would run smoothly, a new study has claimed. The research by M&S...
Forty-two per cent of bank customers are likely to switch providers when measures to make it simpler to switch are introduced in September, according to new...
The Royal Bank of Scotland (RBS) has been fined £5.6m by the banking regulator, after incorrectly reporting more than 44m transactions made with other banks and...
The government is backing a system that will allow bank customers to switch to other providers more easily, in an effort to increase competition across the...
Almost 160,000 complaints were referred to the Financial Ombudsman Service (FOS) from consumers between April and June – the majority of which were about mis-sold payment...
Sending senior bankers to prison for reckless behaviour may not bring about the wholesale positive changes regulators expect, according to the law profession’s trade body. The...
Local authorities have been challenged to make banking and investments work harder for their communities. In a new report, campaign group Move Your Money describes how...
The banking regulator, the Financial Conduct Authority (FCA), has said that some of the biggest UK banks are still at risk of being used by criminals...
The investment arm of the Church of England is considering bidding for a collection of Royal Bank of Scotland (RBS) branches, in the hope of creating...
As chief executive of the UK Sustainable Investment and Finance Association (UKSIF), Penny Shepherd became known as one of the industry’s foremost authorities in the sector....
Big banks in the UK need to raise billions more in capital to cover their risks, according to the Prudential Regulation Authority (PRA). Five of the...