The number of complaints made to the Financial Ombudsman about payment protection insurance (PPI) has risen yet again, with the watchdog handling arou...

HSBC's results revealed a less rosy year than analysts were expecting, with the UK operations losing £670 million as a result of the ongoing cost of ...

Banking bonuses at Lloyds Banking Group were cut by 3% across the bank, following its announcement that it had made a £570 million annual pre-tax los...

The much reported research by Pew Charitable Trusts, Payday Lending in America: How Borrowers Choose and Repay Payday Loans, notes that some fifty-eight percent of payday loan borrowers have trouble meeting monthly expenses at least half the time, and a worrying seventy-eight percent of borrowers rely on information from lenders, not independent market analysts or comparison sites, when choosing to borrow money.

Nearly 1.4 million complaints were made to Lloyds Banking Group during 2012 about payment protection insurance (PPI), figures released on Tuesday show...

At some point in our lives, most people will experience a period of financial constraint brought about by an unexpected, or unplanned for, event.

Sir Mervyn King surprised the markets on Wednesday after it was revealed he, along with committee members David Miles and Paul Fisher, voted for the m...

The Bank of England has chosen Andrew Bailey to be Mark Carney's deputy governor when he steps into the role later this year. Bailey will also hold...

Lloyds Banking Group has been fined £4.3 million by the Financial Services Authority for delaying claims payments for those who were mis-sold payment...

Inflation is expected to rise to at least 3% by the summer and will remain above the 2% target for at least two more years, forcing more pain on strug...

Swiss bank UBS has been fined £9.45 million for mis-selling the AIG Enhanced Variable Rate fund to hundreds of customers in the run up to the financi...

Barclays is to cut 3,700 jobs, it has announced. The jobs to go are 1,800 investment banking posts and 1,900 in retail and business banking. Bar...

Stephen Hester, the chief executive of the Royal Bank of Scotland (RBS) has defended his forthcoming bonus by saying he should be judged on saving the...

The only senior member of management at RBS to lose his job in relation to Libor rigging, pleaded with his colleagues to "not let my death be in vain"...

Whilst the government must be careful not to meddle too much in the way banks are run, the sword of Damocles is arguably warranted to change the way they behave, so that they never repeat the errors made in the early noughties that led to the bubble bursting so spectacularly.

I have a simple solution to avoid the next financial scandal whether it's CDOs or Libor - hire more women. I mean it. Seriously. Some of women's self-questioning, collaboration and prudence would act as a much needed balance to men's more gung-ho approach.