The Financial Conduct Authority (FCA) has welcomed the parliamentary commission on banking standards' (PCBS) recommendations for reforming the banking sector.
The number of offers of redress from banks to customers who took out interest rate hedging products is set to increase "rapidly" over the coming months, the Financial Conduct Authority (FCA) has said.
Players such as banks and building societies could re-enter the equity release sector. Fiona Murphy asks industry players if this would be a good thing for the industry.
Figures from the Financial Ombudsman reveal how Britain's banking giants are wrongly throwing out 70 % of complaints about so-called packaged accounts - which cost customers up to £300 a year.
The extent of a widely-reported drop in confidence in the banking system has been highlighted by an independent study charting social attitudes over the last 30 years.
Financial Fraud Action UK (FFA UK) has released new fraud intelligence highlighting the growth of a phone scam in which fraudsters are targeting individuals to deceive them into revealing personal and financial information - or make payments into the...
Banks and building societies stepped up lending by 29% year-on-year to advance £16.6bn in July, Council of Mortgage Lender figures have revealed.
We ask fund managers which sectors they think will perform well as the UK economy starts to improve.
Half of payday loan customers have described their experience as "positive".
City watchdogs have pledged to pursue prosecutions against five or more banks accused of fixing Libor, as the probe into rigging of the key inter-bank lending benchmark intensified.
A fifth of IFAs expect to see a "significant" increase in the number and size of fines inflicted on the financial services sector over the next five years, according to research.
The Prudential Regulation Authority (PRA) has accepted building society Nationwide's proposition to raise capital and mitigate business risks, granting it a two year extension.
The government plans to scrap what it has branded the "failed" approved person regime in financial services and replace it with a new senior persons regime.
The European Commission has accused 13 banks, including Barclays, HSBC and the Royal Bank of Scotland, of colluding to hamper competition in the credit derivatives market.
A year after regulators ruled that banks were guilty of widespread mis-selling of £2 bn of interest rate ‘swaps', thousands of the small and medium-sized businesses affected are still waiting to receive compensation.
Britain's top bank regulator has called for "ground rules" on lobbying to prevent it destabilising the financial system.
Former Chancellor Alistair Darling, who oversaw the bail-out of RBS and Lloyds in 2008, has urged the government to avoid a rapid disposal of taxpayers' stakes in the banking giants.
The long-awaited Parliamentary Commission on Banking Standards report has criticised the government's handling of part-nationalised UK banks and recommended criminal sanctions for senior executives who behave "recklessly".
The Banking Commission report on standards in the City is to demand a radical overhaul of the punishment of bankers who have overseen failed institutions and open the door to new rules on multi-million-pound pay deals and competition in the sector.
The Financial Conduct Authority has secured agreements from banks to introduce a payment retry system, which could save consumers £200m a year in late payments.
The Financial Conduct Authority (FCA) is planning a consultation on new complex financial products created by banks and building societies to boost their capital.
Advisers have seen the number of complaints against them soar over the past year, however figures show that more than half of the cases were dropped by the ombudsman.
Sir Mervyn King, the outgoing head of the Bank of England, has called for an end of banker bashing saying it's wrong to "demonise individuals" for the failure of the financial system.