BBA

Angela Knight, chief executive of the British Bankers' Association, is facing calls from members to stand down following the collapse of the group's PPI appeal, according to reports.

After months of legal wrangling and refusals to co-operate with the regulators, the major high street banks have finally relented in their campaign to avoid PPI compensation payouts.

The British Bankers' Association (BBA) has drawn a line under its legal fight to avoid PPI mis-selling payouts.

The High Court today ruled banks must look again at hundreds of thousands of PPI cases, following an unsuccessful judicial review by the British Bankers Association (BBA) against the FSA.

The Competition Commission (CC) has confirmed the banning of payment protection insurance (PPI) sales at the point of credit sale for seven days and introduced a wide range of rules governing the product.

UBS is being investigated by US regulators for allegedly manipulating Libor, the rate at which banks lend to each other.

The British Bankers Association (BBA) has written to FSA CEO Hector Sants proposing a "simplified advice" model for the mass market, which it says would fill an advice gap left by the RDR.

FSA chief executive Hector Sants has been awarded Honorary Fellowship of the Chartered Institute for Securities & Investment (CISI), alongside BBA chief executive Angela Knight.

The FSA will challenge the British Bankers' Association's judicial review of its new PPI complaints handling measures.

Six UK bank bosses are to form a taskforce designed to help get lending to businesses back on track.