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...
Campaign group Move Your Money has launched a crowdfunding campaign to fund its battle with the high street banks. From September, new rules come into effect...
Twenty-two years ago today, after the Bank of England’s Operation Sandstorm inquiry uncovered “widespread fraud and manipulation”, the Bank of Credit and Commerce International (BCCI) was...
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...
It’s been a week since the banking commission reported on the industry’s “shocking and widespread malpractice”. Apart from the initial flurry of media interest, the report is...
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...
The parliamentary commission on banking standards’ latest report is a bit like reading the first part of The Lord of the Rings. There is incredibly dramatic and beautiful...
The threat of prison sentences would give bankers “pause for thought” in acting in a reckless, irresponsible and unsustainable manner, according to a major report by...