The head of the FSA is to conduct a review into how staff are rewarded for making financial sales

Wheatley warns banks they have 18 months to stop mis-selling

Martin Wheatley, head of the Financial Services Authority said in a speech today that UK banks have 18 months to prove they no longer mis-sell products or face "intrusive" action.

Lloyds Bank is top of the league for customer complaints in the first half of 2012

PPI drives massive increase in banking complaints

New figures show a big increase in complaints at all the main UK banks but if PPI complaints are discounted Lloyds, HSBC and Barclays are seeing a fall in complaints.

PPI provisions 'could reach £8 billion'

UK banks 'face further £1bn bill for PPI mis-selling'

The UK’s top four banks look set to announce a further £1 billion of charges for mis-selling payment protection insurance (PPI).

Lloyds to sell more than 600 branches to Co-op

The Co-op to buy 632 Lloyds bank branches

Lloyds Banking Group has agreed terms with The Co-operative Group to sell 632 of its branches in a deal worth up to £750 million.

Murphy comments on 'emotional' investing

Don’t let Libor emotion sway investments, says Schroder’s Murphy

Ivestors shouldn’t let emotions get in the way of their decisions following the Libor rigging revelations, according to the co-manager of Schroder Income.

Bank rate rigging scandal spreads

Libor fines could total $22bn after 11 more banks hit by scandal

As many as 12 global banks could be hit with fines totalling almost $22 billion (£15 million), for alleged interest rate rigging, it has emerged.

Miliband calls for end to 'casino banking'

Miliband: Banks should sell 1,000 branches to boost competition

Ed Miliband is to call for a major overhaul of the banking industry, including urging Britain’s five main banks to sell 1,000 branches to increase competition.

Ensure you switch accounts for the right reasons

Bank switch searches soar as consumers vote with their feet

The number of searches on MoneySupermarket by consumers looking to move bank accounts has leapt by 25 per cent in the wake of the recent banking catastrophes.

Consumers 'fed up' with banking scandals

Bankers should be prosecuted for breaking the law, say Brits

Four out of five people in the UK want individuals to be prosecuted if banks break the law, a new survey by Which? reveals.

Four banks have mis-sold interest rate swaps

"Big four" banks agree to £6b fine for mis-selling to SME's

The "big four" banks, HSBC, Lloyds, RBS and Barclays have agreed to repay customers up to £6b for mis-selling interest rate swaps to small and medium sized businesses.

FSA set to reveal 'mis-selling' by UK banks

FSA review to reveal evidence of serious mis-selling to SMEs

The Financial Services Authority (FSA) is set to reveal “systematic” mis-selling of complex interest rate swaps to businesses by UK banks.

Moody's is expected to downgrade the credit rating on several UK banks later today

Moody's downgrades credit ratings of 15 major banks

Moody's has downgraded the credit rating of 15 major global banks including several UK banks potentially driving up the cost of borrowing for UK customers.

Banks flock to gold amid Eurozone woes

Central banks buy up gold as safe haven from Euro

Central banks in emerging economies are snapping up gold as a safe haven against the potential collapse of the Eurozone, latest IMF figures indicate.

FSA introduces new rules for banks

FSA: Banks must clearly display deposit compensation details

The FSA has demanded that banks and building societies must display information explaining to customers which deposit guarantee scheme applies to their deposits.

Bailey in call to scrap free current accounts

'Free' banking costs UK customers "£9bn a year"

The Chairman of the Treasury Select Committee, Andrew Tyrie MP says regulators should "remove obstacles stopping banks from charging."

Consumers 'could gain from shopping around'

Loyalty costing consumers £780 a year, site warns

Consumers would be better off mixing and matching financial products rather than sticking with the same provider for everything, according to MoneySupermarket.

1,400 jobs to go at Yorkshire and Clydesdale banks

Clydesdale and Yorkshire Banks to cull 1,400 jobs

The Clydesdale and Yorkshire Banks are to shed 1,400 jobs. National Australia Bank (NAB), the banks’ owner, said the posts would be axed by 2015.

Crunch time for Co-op-Lloyds deal

Co-op in crunch talks as bid for Lloyds branches falters

The Co-operative Group is set to hold crunch talks this week amid concerns it may withdraw from a £1.5 billion deal to buy 632 Lloyds branches.

Bank regulator 'must have enforceable powers'

Bank of England member warns over new financial crisis risk

A senior member of the Bank of England’s financial policy committee has warned that the culture within banks needs to change to prevent another fiscal disaster.

Banking sector 'set for further jobs cuts'

Further job losses expected in banking sector

The UK’s five biggest banks are to cut more jobs after profits were hammered by PPI claims, the euro debt crisis and higher regulatory costs, a report reveals.

Banks to slash a further 1,900 jobs

RBS and Lloyds to cut another 1,900 jobs

Part state owned banks RBS and Lloyds have announced they are to shed a total of 1,900 jobs. Trade union Unite has called on the Government to intervene.

The Treasury is investigating a potential bank mis-selling scandal

Treasury to quiz banks over interest rate swap mis-selling

The Treasury is investigating a new potential mis-selling scandal in which banks sold complex derivative products to firms on the back of loans sold to protect against higher interest rates.

Barclays boss Diamond could be paid up to £4m

New Barclays bonus row as Diamond in line for £4m payout

Barclays is set to take centre stage in the bankers’ bonus row again this week when it reveals a payout of up to £4 million for chief executive Bob Diamond.

Sir Mervyn King criticised Labour's relationship with the banks when in power

King: 'Labour was unwilling to take on the banks'

The Governor of the Bank of England, Sir Mervyn King launched a scathing attack on the previous Labour government for allowing banks to influence policy after the credit crunch.

Lloyds announces £3.5bn pre-tax losses

Lloyds bosses in line for £2.2m HBOS bonus pot

Four of the ten senior executives at Lloyds who had part of their 2010 bonuses clawed back as a result of the PPI scandal could be in line for share bonuses of £2.2m for the takeover of HBOS.

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