Former director of Co-op Bank Roger Gorvin has written to the chief executive of its parent company, accusing it of unethical behaviour in its planned rescue deal.

Small businesses mis-sold interest rate hedging products by high street banks have so far accepted £500,000 in compensation but the figure is likely to rise significantly, the Financial Conduct Authority (FCA) has said.

The mental strain of worrying about cash-flow and making ends meet can reduce people's IQ, according to scientific research.

Positive data pointing to the increasing pace of the UK economy is putting the Bank of England (BoE) under greater pressure to rein in market expectations of an interest rate rise.

Top fund managers have expressed anger over Co-operative Bank's £1.5bn rescue plan and warned its risk a full-scale investor rebellion if it fails to deal with its bondholders.

Fred Goodwin's 'details orientated' management style - which included introducing thousands of custom-made round-topped storage units to deal with his growing irritation over piles of paper - has been showcased in a new book.

As the summer draws to a close, Smith & Williamson's James Burns provides a round-up of macro events around the world and takes a look at what to expect next.

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