A flag flies above the head office of the Royal Bank of Scotland (RBS) in St Andrew Square in Edinburgh

Royal Bank of Scotland was fined £56 million by Britain’s financial regulators for a system crash in 2012 that left millions of customers unable to m(...)

RBS could be slapped with a penalty of up to £50m by the Financial Conduct Authority. Photograph: Simon Dawson/Bloomberg

Royal Bank of Scotland is braced for a fine worth tens of millions of pounds as soon as this week for a major IT meltdown that left customers without (...)

Martin Wheatley, chief executive officer of the UK Financial Conduct Authority (FCA), speaks during a news conference following an announcement by the FCA, the Commodity Futures Trading Commission and the Swiss Financial Market Supervisory Authority yesterday, about penalties given to five banks following a global foreign-exchange rigging probe. The FCA said its fines relate to “ineffective” controls at UBS, Citigroup, JPMorgan Chase, Royal Bank of Scotland Group, and HSBC,  that allowed the banks to put their “interests ahead of those of their clients, other market participants and the wider UK financial system.” (Photograph: Matthew Lloyd/Bloomberg)

In an early morning chat, three senior currency traders at some of the world’s biggest banks weighed the pros and cons of admitting a fourth member(...)

National benchmark indexes fell in all of the 18 western European markets yesterday. Photograph: iStockPhoto

European stocks fell yesterday as banks dragged the Stoxx Europe 600 Index lower and Nato said Russia had sent troops and heavy weapons into Ukraine.(...)

Britain’s biggest short-term lender Wonga, says on its website that its representative annual interest rate is 5,853 per cent

Interest charged on loans offered by payday lenders in Britain will be capped at 0.8 per cent a day from January to cut the cost of short-term loans (...)

The bank said it had been summoned to appear before French magistrates over whether its Swiss private bank had helped French citizens to evade tax

HSBC missed expectations with a 12 per cent drop in underlying third-quarter earnings and set aside $378 million to cover a potential fine from the U(...)

Since the full extent of the credit explosion of the early 2000s was laid bare, there have been repeated calls to control and restrict lending. But no(...)

More than £4 billion has been knocked off Tesco’s stock market value due to the overstatement

Retailer Tesco has removed another three employees from their jobs as it continues to investigate a £250 million profit overstatement.The latest susp(...)

New-builds in London: the UK goverment is now offering loans to encourage buyers who don’t have big deposits. Photograph: Neil Hall/Reuters

Amid the furore surrounding last week’s pronouncements from the Central Bank on how it plans to restrict mortgage lending from early next year, it mig(...)

Wonga, Britain’s biggest payday lender, charges an annual interest rate of 5,853 per cent, according to its website

Britain’s competition watchdog wants to introduce price comparison websites for short-term lenders to improve the deals on offer for borrowers.The Com(...)