Banking

Banks could be made to display clearer information on how much compensation savers could claim in the event of an institution failing, under new proposals.

Poor management decisions and the last government's light-touch regulatory regime were key factors in the near-collapse of Royal Bank of Scotland (RBS), a long-awaited report by the City watchdog said today.

The cash pensioners get in retirement, when they trade their pension pot in for a regular income, known as buying an annuity, is falling. Sadly, Bob Bullivant (right), chief executive of retirement specialist Annuity Direct, thinks the rates people will get could fall further. Here, he explains what you can do...

The Bank of England put more emergency medicine for the UK economy on hold today, despite more evidence that the recovery is grinding to a halt.

HSBC has widened the compensation net following the revelation salesmen mis-sold investments to the dying.

Major banks are making changes to their basic accounts that could push more consumers out of the banking system, a consumer lobby group has said.

HSBC will issue almost £30 million in compensation to elderly customers who were mis-sold investments.

Bank of Cyprus savers in the UK could get better protection for their cash, as the firm plans to formally become a UK bank .

Lloyds TSB basic bank account holders will soon get access to more ATMs after it announced a partial U-turn over its controversial blocking of withdrawals, following pressure from MPs.