banks

Deputy Prime Minister Nick Clegg has backed proposals to give the public shares in part-nationalised banks RBS and Lloyds.

Shares in major UK banks have plunged following reports Chancellor George Osborne will force lenders to ring fence their retail arms.

Last night's Panaroma expose on financial advice within banks certainly got our readers talking.

Panorama's expose of in-branch bank "advice" saw the hashtag army hit Twitter with a vengeance, and prompted one poster to answer the programme's title by brandishing a chinnyreckon.

Heard the one about the financial adviser who can assess your risk profile by looking into your eyes?

Barclays will pay out compensation to all customers it sold payment protection insurance (PPI) who made a complaint before 20 April.

Deposits in banks on the Isle of Man have fallen from £56.8bn to £49.9bn since Her Majesty's Revenue and Customs (HMRC) created a unit to focus on tax avoidance via offshore schemes.

Ratings agency Moody's is threatening to cut the ratings of 14 British banks including RBS and Lloyds.

Lloyds Banking Group shareholders have voiced their disapproval over executive pay at the part-nationalised bank.

Royal Bank of Scotland's (RBS) advice arm and M&G have joined AIFA as associate members.