Banking

The Office of Fair Trading (OFT) has confirmed it won't be recommending the Competition Commission investigate the current account market — but warned providers they'll face a probe if they don't get their house in order.

Parents may be able to move cash from a Child Trust Fund (CTF) into a junior Isa (JISA) in future, as the Government has launched a consultation on the issue.

The Post Office is now offering day-to-day banking services after launching three new current accounts today.

Concerns over the future of the Co-operative Bank have been raised today, but savers remain protected up to the £85,000 compensation limit, whatever happens to the firm.

Proposals to give more people access to bank accounts have been announced by the European Commission.

Just over one million Cheshire, Derbyshire and Dunfermline customers are to be moved to Nationwide, after the building society announced plans to scrap the three brands.

A retired headteacher makes hundreds of pounds each year by switching his savings between four accounts and using cashback credit cards.

One in five Britons have deliberately skipped a loan repayment in recent years because they cannot afford it, a study suggested today.

Britain has avoided a triple-dip recession after the economy grew by 0.3% during the first quarter, but economists are not getting carried away by the news.

Lloyds Banking Group's sale of more than 600 branches to the Co-operative Group has collapsed, meaning a million customers who would have been switched to the Co-op now won't be.