News

Government adviser reveals his frustration at talk of bank kindness to zombie businesses

PPI payouts to soar as appeals reach 11,000 a week

Banks are to see compensation bills for one of the country’s biggest mis-selling scandals soar after the Financial Ombudsman Service today said customer complaints about payment protection insurance had more than doubled to 11,000 new claims each week in the final quarter last year.

Consumer Rights: Don't leave it too late to claim for mis-sold PPI

The banks are seeking a cut-off date for mis-sold payment protection insurance compensation — but there's no need to use a third party

Insurance shake-up 'costs £3bn'

Talks on changing EU rules have lasted for years and the bill keeps on growing

Five arrested in FSA insider-trading swoop

Police have arrested a Schroders trader and four other individuals in the latest insider-dealing investigation to rock the Square Mile.

Insider dealing probe: five held in dawn raids

Two men and three women have been arrested following early morning raids as part of an investigation into insider dealing and market abuse.

Consumers protest as watchdog mulls PPI claims plea

FSA says it will consider a time limit but is urged not to go easy on the banks

Banking giant Barclays has agreed to buy savings and mortgage business ING Direct UK in a deal that will see it add another 1.5 million customers.

Sign up to new code of conduct or quit, Barclays' staff told

Barclays' staff were today told to sign up to an ethical code of conduct or quit, as part of the bank's crusade to repair its battered reputation.

RBS is 81 per cent-owned by the Government

Taxpayers face £500m bill for RBS Libor fraud

MPs warn of public fury at size of fines for wrongdoing, most of which will go to US watchdogs

James Moore: Mixed messages to the world's biggest banks

Outlook It seems increasingly likely that Royal Bank of Scotland will be doing its metaphorical "perp walk" within the next couple of weeks. At the end of it, there'll be an $800m (£500m) fine for its role in the Libor fixing affair, the lion's share of which will be handed to US taxpayers. I understand that Britain's Financial Services Authority may account for just £100m of the total.

City sackings soar as FSA cracks down

Sackings and suspensions hit a five-year high in the City last year, as the financial crisis continued to take its toll on employment amid a clampdown on wrongdoing by the regulator.

Bank staff charged over fraud

Eight people have been charged in connection with a series of fraudulent business loans made through a high-street bank to the value of about £35m.

You made it, you eat it: Credit Suisse pays staff in risky debt

Investment bankers are set to receive bonuses in assets they helped to create

Co-op fined after putting PPI claims on hold

The City watchdog has fined the Co-operative Bank £113,300 for failing to handle complaints regarding payment protection insurance (PPI) properly.

Co-operative Bank fined over PPI delay

The Co-operative Bank was punished by the regulator today after it delayed valid claims for payment protection insurance (PPI) compensation "for no good reason".

Shares to watch in 2013 - by the team that made 48 per cent in 2012

The team at i was in winning form in 2012. James Moore is looking for a repeat this year

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Independent Travel
Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
Lake Como St Moritz & the Bernina Express 7 nights from £809pp
Vietnam
Lake Maggiore, Orta & the Matterhorn 7 nights from £939pp
South Africa
Spain
Prices correct as of 19 December 2014
Isis in Iraq: Yazidi girls killing themselves to escape rape and imprisonment by militants

'Jilan killed herself in the bathroom. She cut her wrists and hanged herself'

Yazidi girls killing themselves to escape rape and imprisonment
Ed Balls interview: 'If I think about the deficit when I'm playing the piano, it all goes wrong'

Ed Balls interview

'If I think about the deficit when I'm playing the piano, it all goes wrong'
He's behind you, dude!

US stars in UK panto

From David Hasselhoff to Jerry Hall
Grace Dent's Christmas Quiz: What are you – a festive curmudgeon or top of the tree?

Grace Dent's Christmas Quiz

What are you – a festive curmudgeon or top of the tree?
Nasa planning to build cloud cities in airships above Venus

Nasa planning to build cloud cities in airships above Venus

Planet’s surface is inhospitable to humans but 30 miles above it is almost perfect
Surrounded by high-rise flats is a little house filled with Lebanon’s history - clocks, rifles, frogmen’s uniforms and colonial helmets

Clocks, rifles, swords, frogmen’s uniforms

Surrounded by high-rise flats is a little house filled with Lebanon’s history
Return to Gaza: Four months on, the wounds left by Israel's bombardment have not yet healed

Four months after the bombardment, Gaza’s wounds are yet to heal

Kim Sengupta is reunited with a man whose plight mirrors the suffering of the Palestinian people
Gastric surgery: Is it really the answer to the UK's obesity epidemic?

Is gastric surgery really the answer to the UK's obesity epidemic?

Critics argue that it’s crazy to operate on healthy people just to stop them eating
Homeless Veterans appeal: Christmas charity auction Part 2 - now LIVE

Homeless Veterans appeal: Christmas charity auction

Bid on original art, or trips of a lifetime to Africa or the 'Corrie' set, and help Homeless Veterans
Pantomime rings the changes to welcome autistic theatre-goers

Autism-friendly theatre

Pantomime leads the pack in quest to welcome all
The week Hollywood got scared and had to grow up a bit

The week Hollywood got scared and had to grow up a bit

Sony suffered a chorus of disapproval after it withdrew 'The Interview', but it's not too late for it to take a stand, says Joan Smith
From Widow Twankey to Mother Goose, how do the men who play panto dames get themselves ready for the performance of a lifetime?

Panto dames: before and after

From Widow Twankey to Mother Goose, how do the men who play panto dames get themselves ready for the performance of a lifetime?
Thirties murder mystery novel is surprise runaway Christmas hit

Thirties murder mystery novel is surprise runaway Christmas hit

Booksellers say readers are turning away from dark modern thrillers and back to the golden age of crime writing
Anne-Marie Huby: 'Charities deserve the best,' says founder of JustGiving

Anne-Marie Huby: 'Charities deserve the best'

Ten million of us have used the JustGiving website to donate to good causes. Its co-founder says that being dynamic is as important as being kind
The botanist who hunts for giant trees at Kew Gardens

The man who hunts giants

A Kew Gardens botanist has found 25 new large tree species - and he's sure there are more out there