BBA

House prices have recorded the biggest dip in nearly three years amid the "challenging" economy, Nationwide says today.

Britain's banks rode out the latest blow to confidence in the industry today after 15 of the world's biggest institutions were downgraded by Moody's.

Lenders paid out £570.5 million compensation in April to victims of payment protection insurance (PPI) mis-selling, the Financial Services Authority (FSA) announced today.

Banks will be forced to ring-fence savers' cash from their risky casino-style investment arms to protect deposits and avoid a run like that which brought down Northern Rock in 2007.

MoneySavingExpert.com, consumer lobby group Which? and the British Bankers' Association have today written a joint letter to the Justice Secretary demanding tougher regulation of claims management firms.

Lloyds Banking Group has said "sorry" for flogging worthless payment protection insurance (PPI) policies and promised a catalogue of measures to provide compensation for victims, in yet another sign of capitulation by banks.

Barclays will pay in-full all of its customers' payment protection insurance (PPI) claims that were put on hold on or before 20 April.

A record number of consumers complained about mis-sold payment protection insurance (PPI) during the past financial year, despite the banks' attempt to block reclaiming.

Consumers received a massive boost this morning as the banks' trade body pulled out of legal action to stop the multi-billion pound payout of payment protection insurance (PPI) compensation to mis-selling victims.