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(...)

 UK short-term lender Wonga is writing off the outstanding debt for around 330,000 customers at a cost of about £220 million, after being forced to overhaul its lending practices by Britain’s financial regulator. Photo: PA Wire

UK short-term lender Wonga is writing off the outstanding debt for around 330,000 customers at a cost of about £220 million, after being forced to ove(...)

The Lloyds Banking Group said today that it had terminated the contracts of eight individuals and clawed back about £3 million in bonuses after its s(...)

Cyril Roux, Central Bank regulator, is to join the board of the European Securities and Markets Authority. Photograph: Dara Mac Dónaill / The Irish Times

Cyril Roux, deputy governor of the Central Bank of Ireland, has been appointed to the management board of the European regulatory body, the European S(...)

Tesco said its profit overstatement related to a trading update at the end of last month, when it unveiled its biggest profit alert
 and cut its dividend and slashed planned investment
. Photograph: Peter Macdiarmid/Getty Images

Tesco, Britain’s biggest retailer and one of its great corporate success stories of the past decade, has been thrown into turmoil after disclosing (...)

The UK’s Serious Fraud Office launched a criminal probe over two years ago. Photograph: Philip Toscano/PA Wire

The criminal investigation into former traders at Royal Bank of Scotland over the Libor scandal is set to drag on well into next year, dashing hopes t(...)

The UK Financial Conduct Authority said it would limit the sale of contingent convertible securities, known as “cocos”, to professional and sophisticated investors from October 1st. Photograph: Simon Dawson/Bloomberg

Britain’s financial services watchdog has announced a one-year ban on the sale of complex bank bonds to individual investors, in the first use of its (...)