Banking

The Serious Fraud Office confirms that three British nationals have been taken to a London police station as part of the investigation into the rigging of the Libor interbank lending rate.

Banks are still pressurising staff to sell products which may be unsuitable for customers, despite a number of mis-selling scandals, research from consumer group Which? finds.

In a gloomy autumn statement, Chancellor George Osborne is set to warn there are no “miracle cures” for Britain as he looks for £5bn more cuts and signals austerity is here to stay.

As Chancellor George Osborne delivers his autumn statement on the economy and spending, we gather some alternative suggestions on to how to tackle the country’s fiscal woes.

“Evasive, repetitive and unrealistic” was how one Tory MP described former HBOS chairman Lord Stevenson, quizzed by MPs about his role at the bank which almost collapsed in 2008.

Bad news for George Osborne ahead of his autumn statement as it appears his plan to boost lending from high street banks to householders and businesses is foundering.

Swiss banking giant UBS is fined £29.7m by the City watchdog for failings which allowed convicted trader Kweku Adoboli to lose £1.4bn.

Kweku Adoboli is sentenced to seven years in jail after being found guilty of two counts of fraud linked to a £1.4bn loss which nearly brought down a major international bank.

Britain’s biggest bank is at the centre of a HMRC investigation after allegations that criminals opened offshore accounts for money laundering purposes in the bank’s Jersey operation.

No-frills accounts set up to help vulnerable and low-income customers could be threatened by banks cutting back on the services offered through them, a report claims.

The bill for mis-sold payment protection insurance (PPI) at taxpayer-backed Lloyds Banking Group tops the £5bn barrier as claims against the bank continue to pile up.

Thousands of UBS employees in London are fearing the worst after the Swiss bank announced one of the biggest jobs culls since the 2008 financial crisis.

England’s regions can no longer rely on handouts from tax receipts collected in the City of London, Deputy Prime Minister Nick Clegg will say later today.

Chancellor George Osborne describes a move by RBS to exit a state-backed insurance scheme as a “step” towards returning the bank to the private sector.

Santander abruptly pulls out of a deal to buy more than 300 branches of Royal Bank of Scotland amid qustions about why the deal fell apart after more than two years.