Bankrupt consumers looking to open a new basic bank account will now only be able to open a Barclays account, after the Co-operative Bank decided to stop offering accounts to undischarged bankrupts.
A whopping £512 million was paid out to victims of payment protection insurance (PPI) mis-selling in July, the latest figures from the Financial Services Authority (FSA) reveal.
Lloyds TSB and MBNA are the worst of the major banks for wrongly dismissing complaints, new data published by the Financial Ombudsman Service reveals today.
George Osborne has insisted there are "positive signs" for the UK economy despite a think-tank drastically downgrading its growth forecast for Britain.
The Bank of England held back from unleashing further emergency support for the economy today, despite receiving a jolt over the health of the UK's recovery.
6 September 2012
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