Banking

Over 600,000 Santander savers have reason to cheer golfer Rory McIlroy's victory in last night's US PGA Championships.

Taxpayer-backed Royal Bank of Scotland racked up more than £300 million worth of charges today as it counted the cost of an IT meltdown and two mis-selling scandals.

The Bank of England kept interest rates on hold at 0.5% today, despite growing pressure for more emergency support to aid the UK's faltering economy.

A range of simplified, easy-to-compare financial products should be introduced to help restore consumer trust in the industry, a Treasury-commissioned review recommends.

HSBC has taken a further £341.6 million hit to cover mis-sold payment protection insurance (PPI), it has been announced today.

The Financial Services Authority (FSA) has published new rules to stop consumers from being sold packaged current accounts with benefits they can't use.

The nation's dire economic plight doesn't mean you can't get on top of your finances. One MoneySaver today tells the story of how he got rid of £35,000 of debt in less than four years , giving hope to others they too can tackle debt head on.

Update - Fri 27 Jul: This story now includes information on when and how customers will be reimbursed.

Consumers will have greater protection from unfair terms hidden in the small print of financial, energy, mobile and gym contracts, under new proposals.

Britain slumped to its longest double-dip recession in more than 50 years today after shock figures revealed the economy shrank by a worse-than-expected 0.7% between April and June.