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PPI payouts reach £1.9 billion
Nearly £2 billion in compensation was paid out in 2011 to consumers who were mis-sold payment protection insurance (PPI).
High rate savings accounts launched
Investec Bank claims its two new notice savings accounts will consistently pay among the most attractive rates.
NS&I cuts rate on direct saver account
National Savings & Investments (NS&I) has announced that it is cutting the interest rate on its direct saver account by 0.25 per cent.
Many UK households have less than £250 in savings pot
More than one quarter, or 28 per cent, of UK households have less than £250 in accessible savings, according to new research.
PwC hit with £1.4 million fine for banking audit failures
PricewaterhouseCoopers (PwC) has been ordered to pay a record £1.4 million fine by the Accountancy & Actuarial Discipline Board (AADB) for failures related to the segregation of client money at JP Morgan Securities.
Latest Banking and Savings Stories
22 February 2012
PPI payouts reach £1.9 billion
Nearly £2 billion in compensation was paid out in 2011 to consumers who were mis-sold payment protection insurance (PPI).
20 February 2012
FSA imposes £1.5 million fine on Santander
The Financial Services Authority (FSA) has hit banking group Santander with a £1.5 million fine for its failure to confirm the circumstances under which its structured products would be covered by the Financial Services Compensation Scheme (FSCS).
15 February 2012
High rate savings accounts launched
Investec Bank claims its two new notice savings accounts will consistently pay among the most attractive rates.
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20 February 2012
FSA imposes £1.5 million fine on Santander
The Financial Services Authority (FSA) has hit banking group Santander with a £1.5 million fine for its failure to confirm the circumstances under which its structured products would be covered by the Financial Services Compensation Scheme (FSCS).
26 October 2011
Credit Suisse UK slapped with FSA fine
The Financial Services Authority (FSA) has fined Credit Suisse £5.95 million for failings within its private bank in relation to sales of structured capital at risk products (SCARPs).
19 September 2011
Scottish Widows Group chairman set to leave
Lloyds Banking Group has announced the departure of group finance director Tim Tookey and Scottish Widows Group chairman Lord Leitch.
12 September 2011
Consumer group calls for timetable after ICB banking report
The Independent Commission on Banking (ICB) has called for UK banks to ring-fence their retail banking operations in order to reduce the risk to public finances.
7 September 2011
Pensions protector attacks NS&I bond withdrawal
A consumer champion has attacked National Savings’ decision to withdraw its inflation-linked savings bonds just four months after they were reintroduced.
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