A woman's identity was used by her ex-boyfriend to secure a £30,000 loan on top of his mortgage, Teesside Crown Court heard.

New cases for the Financial Ombudsman Service(FOS) soared by 26% in the year to March 31 2011, driven by a record number of complaints about PPI mis-selling.

The Bank of England is expected to tear up the FSA rulebook and adopt a new approach to policing banks and financial institutions when it takes on the role of prudential regulator.

IT PAYS TO BE A 'FUNCTIONAL PSYCHOPATH'

It is little wonder many advisers are suffering from platform fatigue.

Angela Knight, chief executive of the British Bankers' Association, is facing calls from members to stand down following the collapse of the group's PPI appeal, according to reports.

Peter Hargreaves and Stephen Lansdown are now amongst the UK's 100 wealthiest people, according to the Sunday Times Rich List 2011.

Barclays has abandoned its legal challenge against PPI mis-selling and set aside £1bn to cover customer redress and administration costs.

State-backed bank RBS said today it could not reliably estimate total liabilities for PPI sales although they could be 'material'.

Commodity prices have started to recover after markets were hit by one of the biggest sell-offs in two years.