Tony Pidgley: left home at the age of 15, barely able to read or write, bought a lorry and went into business for himself. Now Pidgley looks set to enter the City record books by sharing in one of the biggest- ever boardroom bonanzas – a bonus scheme by housebuilder Berkeley Group

Tony Pidgley’s life reads like a feel-good film script. Born to a single mother in Surrey in 1947, he ended up in a Barnardos home and at the age of f(...)

Co-op Bank’s chairman Dennis Holt on Tuesday apologised to customers for the bank’s failings and said it is a significantly stronger organisation today

The Co-operative Bank will not be fined for failings that helped push the bank to the brink of collapse before it was bailed out by bondholders, Brita(...)

TSB, which already has 4.7 million customers, was spun out of Lloyds last year

Spain’s Banco Sabadell has received approval from Britain’s financial regulators for its £1.7 billion takeover of Britain’s TSB , increasing competit(...)

For chief executives and chairmen in the UK, a bonus could be clawed back for up to 10 years if misconduct is uncovered

Top bankers in Britain could have their bonuses clawed back a decade after they were awarded under proposals from regulators on Tuesday that would mak(...)

There are concerns markets are increasingly being moved by computer algorithms rather than by any fundamental catalyst, resulting in increased volatility and potentially causing instability or even crashes. Photograph: Getty Images/iStockphoto There are concerns markets are increasingly being moved by computer algorithms rather than by any fundamental catalyst, resulting in increased volatility and potentially causing instability or even crashes. Photograph: Getty Images/iStockphoto

The growth of computerised trading has brought obvious benefits to investors. Trading costs have been slashed; complex information is quickly processe(...)

Mark Carney, governor of the Bank of England, pauses during a news conference . Photographer: Chris Ratcliffe/Bloomberg

Royal Bank of Scotland and Lloyds barely passed stress tests set by the Bank of England, which said their capital at the end of last year fell short(...)

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 (...)

While branches “will continue to play an important role,” the bank will cut about 150 outlets over the next three years, it said

Lloyds, Britain’s largest mortgage lender, said third-quarter profit rose 41 per cent, beating analyst estimates, as it announced a three-year plan to(...)

The loophole that allowed Irish banks not to disclose their property losses during the crash has finally been closed.Under new international accountin(...)