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.
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.
House prices have recorded their biggest year-on-year decline in almost three years amid the toughening economy, Nationwide Building Society reveals today.
The operator of Holiday Inn and Crowne Plaza hotels, along with two of the UK's biggest online travel agents, are under investigation for signing a potentially unlawful deal to limit discounts on rooms.
House prices have fallen for the first time in seven months, with the number of potential buyers shrinking as more homes are going on the market, according to a study.
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.
Four of Britain's top five banks are reportedly set to take another £1 billion hit for mis-selling payment protection insurance – bringing the industry total to nearly £8 billion.
Rents are up for the third month in a row as mortgage lenders tighten their borrowing criteria and people struggle to get on the property ladder, a study says.
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.
