Credit cards

Compensation paid to victims of payment protection insurance mis-selling has soared since banks admitted defeat in their bid to block payouts.

Yorkshire Building Society (YBS) will buy the savings and mortgage business of Egg from its current owner Citigroup.

Consumers need to make sure they don't get caught out when cheque guarantee cards are scrapped tomorrow.

Unemployment has fallen by 88,000, while the number of people in work has increased by a similar number, new figures show today.

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.