The Latest from our blog
Banks are underestimating the rise of consumer credit and risking another financial crisis, according to the Governor of the Bank of England.
Mark Carney has warned that ‘undue weight’ is being placed on the recent performance of loans sold by the banks, and whilst total lending is not getting out of hand... Read more
Barclays and four of its former senior figures are facing criminal charges for fraud over their behaviour during the financial crisis.
It represents the first time that any bank or its officials have faced criminal proceedings almost a decade on from the crash which saw some banks being bailed out by the taxpayer.
The charges relate to... Read more
Millions of consumers fighting to reclaim mis-sold Payment Protection Insurance (PPI) are being joined by business owners who were also duped by their banks.
Senior figures at the Financial Ombudsman Service (FOS) have admitted they ‘cannot be sure’ how many more people will complain about mis-sold Payment Protection Insurance (PPI) despite the announcement of a claims deadline.
Speaking in their 2016/17 annual review, key personnel at the consumer... Read more