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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Secret politics of the weekly shop

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New app reveals political leanings of food companies
Beam me up, Scottie!

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Celebrity Trekkies from Alex Salmond to Barack Obama
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In fact it, as much as anywhere, deserves independence
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Designer 'felt pressured' into going out with Sex Pistols manager
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Jordan Dunn became one of the best-paid models in the world
Apple still coolest brand – despite U2 PR disaster

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Despite PR disaster of free U2 album
Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

Despite the result, this is the end of the status quo

Boyd Tonkin on the fall-out from the Scottish referendum
Manolo Blahnik: The high priest of heels talks flats, Englishness, and why he loves Mary Beard

Manolo Blahnik: Flats, Englishness, and Mary Beard

The shoe designer who has been dubbed 'the patron saint of the stiletto'
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written

Scrambled eggs and LSD

Behind The Beatles' lyrics - thanks to Hunter Davis's original manuscript copies
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'Normcore': Blending in is the new standing out

Just when fashion was in grave danger of running out of trends, it only went and invented the non-trend. Rebecca Gonsalves investigates
Dance’s new leading ladies fight back: How female vocalists are now writing their own hits

New leading ladies of dance fight back

How female vocalists are now writing their own hits