Cheque guarantee cards will not be re-introduced, the body which oversees payments said yesterday, after finding the scheme's closure has had a "minimal impact" on consumers and businesses.
A number of banks will end the controversial practice of charging their debit card customers to take out foreign currency from a bureau de change in the UK, following an agreement with the Office of Fair Trading (OFT).
Banks are to be required to "ring-fence" their retail operations from risk-taking arms and to hold increased levels of capital to protect the UK from a repeat of the crash of 2008, Chancellor George Osborne announced today.