BBA

High street bank mortgage approvals were down 20% in November compared with the year before, new figures from the British Bankers' Association (BBA) have shown.

The Chartered Insurance Institute (CII) and the British Bankers Association (BBA) are launching a joint initiative to promote and develop standards and skills in retail banking.

A US regulator has sued 16 banks for allegedly manipulating the London interbank offered rate (Libor).

FIVE THINGS

The Financial Conduct Authority (FCA) has said it is reassured by the progress banks have made in moving away from incentives-based sales models but it is still concerned about how investment and protection products are sold to consumers.

Former Financial Services Authority CEO Sir Hector Sants is to join the board of the British Bankers' Association (BBA) lobbying group, according to reports.

Lenders approved 5% more mortgages in March than the previous month to reach a monthly total of £7,646m in loans, according to British Bankers' Association figures.

A suite of simple products designed to help consumers navigate the financial services market is to include a whole-of-life insurance plan.

Two-thirds of bank staff with sales roles are finding themselves under "more pressure than ever" to hit targets, despite the slew of major mis-selling scandals in recent years, Which? has said.

Gross mortgage lending by banks rose to £7.5bn in October, according to data released by the British Bankers' Association.