Banking

Santander has scrapped plans to force 230,000 small business customers to pay a fee for a current account marketed as being "free forever" following a backlash.

The City watchdog has announced a crackdown on inducements to bank staff that encourage mis-selling.

A Premium Bond holder has claimed winnings from cash invested over 50 years ago, after the Government-run bank behind the scheme appealed for customers to come forward for £41 million of unclaimed prizes.

MPs want RBS and Lloyds TSB to drop restrictions on customers with basic bank accounts using cash machines run by their rivals.

Ulster Bank has revealed compensation measures for its customers hit by this summer's month-long computer meltdown, which was one of the worst banking service calamities in memory.

Britain's double-dip recession is not as deep as previously feared after revised figures showed a smaller contraction in the second quarter of the year.

A controversial 'savings' provider will return thousands of pounds after concerns were raised about the safety of depositors' cash.

Santander has seen a big improvement in customer satisfaction but that hasn't stopped it maintaining the unwanted ignominy of being the worst of the major banks for customer service, in a poll of MoneySavingExpert.com users.

Savings rates for new customers have been tumbling since since the beginning of June, a MoneySavingExpert.com investigation reveals. This makes it more important than ever to search for the best rate amid plummeting returns.