banks

The Treasury today published the Financial Services Bill, which when passed will enshrine the new regulatory structure in law.

Letters sent out by Her Majesty's Revenue and Customs (HMRC) informing people they have paid too little tax could be based on inaccurate figures, an accountancy firm has warned.

Labour leader Ed Miliband has launched a campaign to protect consumers from "predatory" practices by pension providers and banks.

Lloyds Banking Group chief executive António Horta-Osório said he will not take an annual bonus for 2011, a year in which the company's shares fell by 60%.

Chancellor George Osborne will access the £140bn held in 80 local authority pension funds to pay for infrastructure projects.

Banks are ignoring the risk of fraud committed by their own employees despite investment in anti-fraud systems, accountancy firm BDO has warned.

Reckless bank chiefs who damage the economy could face jail sentences under new measures under consideration by the government.

The Financial Ombudsman Service (FOS) said the number of complaints it receives about high risk investments being sold inappropriately remains "significant".

Trade union Unite has branded plans by the Royal Bank of Scotland (RBS) to axe staff from its investment banking division as "appalling".

Royal Bank of Scotland (RBS) has appointed Lazard to manage an auction of parts of its investment bank in a move which may lead to as many as 10,000 job cuts.