banks

Santander's British arm is being investigated by the Financial Services Authority (FSA) for possible breaches in the quality of its investment advice, industry sources told Reuters.

DEADLY SINS

Investors should stop paying "extremely high fees" for performance which on average falls in line with the markets, a leading think tank has said.

The Queen has spoken about "lax" City workers and a banking regulator which "didn't have the teeth" to intervene as she discussed the causes of the financial crisis during a visit to the Bank of England

A transatlantic banking watchdog would protect American and British taxpayers from bailing out banks which are too big to fail, under new plans.

The state of banks' financial health remains "obscure" and they are not worth investing clients' savings in, fund manager Liontrust has said.

People's savings are being hit by high inflation and low interest rates, MoneyVista has revealed.

The senior regulator who will be in charge of supervising banks has warned that institutions will still be allowed to fail, despite more rigorous oversight of the businesses under the new regime.

Consumer body Which? has called for ‘desperately needed' reforms of the banking sector following research indicating widespread lack of trust among consumers.

The Financial Services Authority (FSA) has proposed out new rules which would require banks and building societies to check customers' eligibility to claim on insurance cover provided in packaged accounts.