A major building society has been fined £1.4 million and must pay £51 million compensation to customers after it mis-sold investment products in collapsed firm Keydata Investment Services.
Inflation unexpectedly dropped last month, official figures show today, weakening the prospect of an imminent interest rate hike by policymakers at the Bank of England.
British banks should ring-fence their retail businesses from investment banking operations to protect savers' deposits under proposals outlined by the Independent Commission on Banking (ICB) today.