Banking

230,000 Santander business customers with free current accounts will soon be hit with a monthly charge, despite the fact some customers were sold the account as being 'free forever'.

Lloyds Banking Group is to sell 632 branches to the Co-operative Group in a deal worth up to £750 million.

M&S has unveiled its much-awaited current account which will be available from October, but it will be hugely expensive for customers who don't shop regularly at the store.

The retail prices index (RPI) rate of inflation fell to 2.8% in June down from 3.1% in May, new figures from the Office of National Statistics (ONS) reveal today.

A new savings account provider offering high interest is NOT protected by any compensation scheme, which means if it went bust savers would be likely to lose their cash.

Ulster Bank says 99% of its balances and payments are now up to date as the crisis which has engulfed huge numbers of its 1.9 million customers is nearly over.

Labour is planning to turn its fire on pension companies which rip off their customers with excessive fees and charges.

Current accounts are to fall under the microscope of a consumer watchdog after the Office of Fair Trading (OFT) today launched a review of the market, aimed at improving competition and ensuring banks pay more attention to their customers.

Many Lloyds TSB and Halifax customers have reported being unable to log into their online accounts this morning, though the banks say the problem is now fixed.

The Government wants banks and credit unions to create new current accounts to help benefit claimants better manage their money when its universal credit comes into force next year.