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UK competition watchdog says banks will have to join a price-comparison website

UK watchdog wants to see more bank competition

Britain's biggest banks will have to cap unauthorised overdraft fees and join a price-comparison website to give customers better service, Britain's competition watchdog said today.

Business • 17 May 16

IDA Ireland's Martin Shanahan has discussed Brexit with 'some financial services companies'

Brexit - IDA Ireland reaching out to UK banks

The Government is targeting banks including Standard Chartered and Royal Bank of Scotland as it seeks to lure finance jobs to the country should the UK opt to exit the European Union, Bloomberg reports.

Business • 11 May 16

Lloyds Banking Group alone had to set aside £14 billion to cover misconduct between 2010 and 2014

UK banks' misconduct bill has reached £53 billion

Lawsuits and misconduct fines have cost Britain's largest retail banks and customer-owned lenders almost £53 billion over the past 15 years, a new study has found.

Business • 11 Apr 16

The Bank of England recommends higher standards for lending to small landlords who want to buy property to let out

Bank of England says Brexit could weaken sterling

The Bank of England said today that risks around Britain's referendum on the European Union could push up borrowing costs and weaken sterling.

Business • 29 Mar 16

The Bank of England released the results of stress tests into how UK lenders would deal with unexpected economic shocks

Bank of England to make banks hold more capital

The Bank of England has set out plans to require UK banks to hold as much as £10 billion extra capital as the credit cycle moves into a more normal phase

Business • 01 Dec 15

Bank of England to release its half-yearly Financial Stability Report tomorrow

BoE set to release UK banks' stress test results

UK banks are likely to be told by the Bank of England tomorrow to put aside more money in case the country's economic recovery runs out of steam in future.

Business • 30 Nov 15

UK regulators are keen to break the dominance of the four big banks - Lloyds, RBS Barclays and HSBC

UK banks will not have to abandon free banking

British banks will not be forced to ditch "free" banking for customers in credit in order to improve competition in the industry and will not be broken up, regulators said today.

Business • 22 Oct 15

The UK's Financial Conduct Authority proposes new rules on hiring in banks

New UK rules to weed out 'bad apples' proposed

UK banks would have to get references for new recruits going back six years under proposals published by regulators today to stop "bad apples" in banking from switching jobs easily.

Business • 06 Oct 15

The UK bank levy was raised in March to 0.21% of a bank's assets from 0.16% previously

UK banks want industry levy phased out

Britain's banks have called upon the government to phase out the bank levy, saying it is damaging the competitiveness of the industry.

Business • 06 Jul 15

UK Financial Ombudsman Service expects to settle 250,000 disputes about mis-selling of PPI in the next financial year

UK banks years away from end to mis-selling issue

Britain's banks will be paying out compensation to customers mis-sold loan insurance for years to come, the UK's chief financial ombudsman said.

Business • 06 Jan 15

The report into the culture of UK retail banking was carried out by think tank New City Agenda and Cass Business School

British banks' culture will take generation to fix

Bad behaviour that has cost UK banks £38.5 billion in fines and compensation over the past 15 years will take a generation to fix, an independent think tank has said.

Business • 26 Nov 14

Barclays, HSBC, Lloyds Banking Group and Royal Bank of Scotland are the biggest banks in the UK

Major UK banks face competition probe

A full-blown competition investigation is to take place into the dominance the UK's major banks have over personal and business accounts.

Business • 06 Nov 14

The settlements for claims of collusion in foreign exchange markets could total just under £2 billion

UK regulator in talks with 6 banks over currencies

Britain's Financial Conduct Authority held talks this week with six banks over a coordinated settlement after its probe into allegations of collusion and manipulation in the global currency market, sources say today.

Business • 26 Sep 14

UK ombudsman said it received 191,000 new complaints in the first half of the year

Complaints against British banks fall 42%

The number of complaints against British banks fell by nearly 42% in the first half of 2014, the UK's Financial Ombudsman Service said today.

Business • 02 Sep 14

HSBC, Lloyds and RBS among UK banks to set up a new standards body

New UK standards body for banking industry

Some of the UK's biggest lenders have agreed to set up a new body to improve standards and the reputation of the banking industry.

Business • 19 May 14

UK banks took part in a major cyber "war game" exercise

UK banks test systems with 'war game'

A cyber attack on financial markets has played out in one of London's historic halls in a "war game" simulation designed to test the City's defences against online saboteurs.

Business • 12 Nov 13

Bank of England says UK banks facing £25 billion capital hole

UK banks facing £25 billion capital shortfall

Britain's banks must plug a £25 billion capital shortfall as they face a potential £50 billion hit over the next three years.

Business • 27 Mar 13

UK Office of Fair Trading reviews £9 billion sterling current account market

More changes needed in UK current accounts

British banks should simplify charges for overdrafts to help make the current account market more competitive by allowing people to decide easily who offered best value.

Business • 25 Jan 13

UK banks beginning to turn over new leaf

Britain's banks are on the way to delivering a more "socially useful" banking system after becoming a focus of public anger in the financial crisis.

Business • 29 Oct 12

Uk Banks