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...
Martin Wheatley, chief executive of the regulator the Financial Conduct Authority (FCA), has said the regulatory system was moving towards placing “far more emphasises on good...
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...
UK regulators are not backing down against bad behaviour in the financial sector, according to research carried out by audit firm EY. The study looked at...
Sir Richard Lambert, former director-general of the Confederation of British Industry (CBI), has been tasked with setting up a new body that will monitor the standards...
16 armed forces charities will share £2.5 million from a fund created from penalties taken from banks after the manipulation of the Libor inter-bank lending rate,...
Move Your Money, a consumer campaign urging people to switch from high street banks to alternative providers, has warned customers to be cautious of “hollow sweeteners”...
Bank of England governor Mark Carney has said the big banks have to change their culture in order to play a more socially and economically useful...
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...
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...
Lloyds Banking Group has admitted there were “issues” with the way some of its employees were handling complaints over payment protection insurance (PPI), with banking campaigners...
The recent financial crisis laid bare the problems of our current capitalist economy, which is increasingly dominated by financial interests. Investments in the real economy are...