Bank of England governor Mark Carney has stated that Lloyds has clearly behaved unlawfully after it was revealed that traders have been manipulating interest rates in...
Lloyds Banking Group (LBG) is about to reach final settlements with UK and US financial regulators over the Libor-rigging scandal, with the bank expected to face...
The Financial Conduct Authority (FCA) has proposed plans to cap charges payday loan companies implement on debt – with moves that could cost the industry £420...
The number of complaints made against payday lenders has more than doubled over the past two years, new figures have revealed, as a watchdog urges customers...
Removing barriers that prevented new entrants from entering the banking sector has already boosted competition on the high street, according to a review from the financial...
Payday lender Wonga is under investigation by the City watchdog the Financial Conduct Authority (FCA) for posing as law firms and sending letters to customers in...
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...
Financial advisers are reluctant to advise and recommend on social investments because of the perceived risks and uncertainty around how regulation affects obligations to clients, according...
The Financial Conduct Authority (FCA) has fined Yorkshire Building Society and Credit Sussie for £1.4m and £2.3m respectively, for failing to ensure financial promotions were clear,...
Chancellor George Osborne is set to announce tougher measures to punish those committing wrongdoings in the financial sector, including making the manipulation of the foreign exchange...
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...
Barclays bank has been fined £26 million and a former trader struck off over allegations of his role in gold price fixing. The Financial Conduct Authority...
An investigation by the City watchdog the Financial Conduct Authority (FCA) has revealed that around 20% of loan and credit companies fail to be clear in...
The UK’s largest retail investment firm has been dealt an £18.6 million fine by the city regulator over “failings in fund management”. The Financial Conduct Authority...
The Bank of England is set to oversee a series of “ethical hacking” operations of financial services firms, in a bid to assess their defences against...