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 Co-operative Bank has said it will miss its already delayed deadline for publishing its annual report and accounts. The news follows the bank seeking further...
Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), has said it will take years for culture changes to filter through financial services firms. His...
Lloyds Banking Group has become embroiled in a ‘scandal within a scandal’, after being accused of using a legal loophole to shortchange people owed compensation after...
Part state-owned bank Lloyds has been pressuring the City watchdog for a time limit to be introduced on payments made to those affected by the mis-selling...
Lloyds Banking Group’s bill for mis-selling payment protection insurance (PPI) has almost reached £10 billion, after it announced it would be setting aside an additional £1.8...
At least 15% of the Co-operative Bank’s branches will close as part of its £1.5 billion recapitalisation. Its rescue plan also sees hedge funds take a...
Barclays has admitted to launching a probe into its foreign exchange trading operations. The bank, which was also implicated in the Libor scandal, faces further damage...
Lloyds Bank has announced that it has set aside a further £750m for anticipated claims for mis-sold payment protection insurance (PPI) by consumers. The part state-owned...
The Co-operative Group may no longer keep a majority stake when the Co-op Bank floats on the stock market, with two hedge funds reportedly poised to...
Consumer complaints reported by financial services firms fell by 500,000 between the second half of 2012 and the first half of 2013, according to the Financial...
Banking does not have to be evil. It is absurd that we even have to say those seven words, but the last five years of scandals...
Banking does not have to be evil. It is absurd that we even have to say those seven words, but the last five years of scandals...
The Citizens’ Advice Bureau (CAB) claims that 32 million people across the UK have been the victim of nuisance calls regarding payment protection insurance (PPI). The...
The Treasury has announced plans to ramp up consumer protection to the next level within the financial sector. The new system, unveiled on Wednesday, is due...