Banks

Banking giants have agreed to make it easier for consumers to find out how to reclaim mis-sold payment protection insurance (PPI), following an investigation by MoneySavingExpert.com and Which?.

Britain's banks rode out the latest blow to confidence in the industry today after 15 of the world's biggest institutions were downgraded by Moody's.

Lenders paid out £570.5 million compensation in April to victims of payment protection insurance (PPI) mis-selling, the Financial Services Authority (FSA) announced today.

Many leading banks, insurers and energy companies are making existing customers pay to phone them while offering free numbers to new customers, consumer group Which? has found.

The Co-op and its sister bank Smile have become the latest current account providers to announce a rise in overdraft costs.

Plans for a multi-billion pound emergency bank funding scheme to kick-start lending to households and businesses have been unveiled.

Banks will be forced to ring-fence savers' cash from their risky casino-style investment arms to protect deposits and avoid a run like that which brought down Northern Rock in 2007.

House sales have plummeted by almost 40% since the peak of the boom five years ago, the Royal Institution of Chartered Surveyors (Rics) said today.

Lenders paid out £500 million compensation in March to victims of payment protection insurance (PPI) mis-selling, the highest single month of redress in 2012 .

Lloyds Banking Group (LBG) has caved in to huge public and media pressure by announcing it will offer new policies to its pet insurance customers whose animals have a medical condition, after the bank originally axed cover.