Banking

Britain's double-dip recession is not as deep as previously feared after revised figures showed a smaller contraction in the second quarter of the year.

Santander has seen a big improvement in customer satisfaction but that hasn't stopped it maintaining the unwanted ignominy of being the worst of the major banks for customer service, in a poll of MoneySavingExpert.com users.

Savings rates for new customers have been tumbling since since the beginning of June, a MoneySavingExpert.com investigation reveals. This makes it more important than ever to search for the best rate amid plummeting returns.

Over 600,000 Santander savers have reason to cheer golfer Rory McIlroy's victory in last night's US PGA Championships.

Taxpayer-backed Royal Bank of Scotland racked up more than £300 million worth of charges today as it counted the cost of an IT meltdown and two mis-selling scandals.

The Bank of England kept interest rates on hold at 0.5% today, despite growing pressure for more emergency support to aid the UK's faltering economy.

A range of simplified, easy-to-compare financial products should be introduced to help restore consumer trust in the industry, a Treasury-commissioned review recommends.

HSBC has taken a further £341.6 million hit to cover mis-sold payment protection insurance (PPI), it has been announced today.

The Financial Services Authority (FSA) has published new rules to stop consumers from being sold packaged current accounts with benefits they can't use.

Update - Fri 27 Jul: This story now includes information on when and how customers will be reimbursed.