LONDON - Billions of pounds in savings that retiring British workers would have swapped for an income for life are up for grabs after recent rule changes - and fund managers are battling insurers for a slice of it.
LONDON - Free banking services in Britain for customers who are in credit should remain and authorities should not impose charges as part of attempts to shake up the market, the boss of Lloyds said on Wednesday.
LONDON - A "toxic culture" that has cost British banks 38.5 billion pounds in fines and compensation over the past 15 years will take a generation to fix, an independent think tank said on Tuesday.
LONDON - Official interest rates in Britain might end up sticking at 3 percent after they start to rise, below their level before the global financial crisis, the Bank of England's chief economist Andrew Haldane said in an interview published on Wednesday.
LONDON - Scott Wotherspoon runs a small tiling firm in Scotland. In 2008, when he bought a shopfitting company, he asked his accountants to check its books. There was no problem with the shopfitter. But Wotherspoon was about to run into trouble with his bank.
LONDON - Expectations in Britain for inflation in the year ahead have fallen to their lowest level in more than five years, a survey showed on Tuesday.
LONDON - British banks approved 37,076 mortgages for house purchase in October, the lowest number since May last year, as the housing market continued to slow, the British Bankers' Association said on Tuesday.
LONDON - Britain's credit card market is not working well for struggling customers who over-borrow and pay unexpectedly high rates, the country's financial regulator said on Tuesday, as it launched a study that could change the way cards are sold.
LONDON - Insurer Aviva said on Saturday it would compensate around 250 annuity customers who had been short-changed because of an error in its sales process.
LONDON - Cheyne Capital has joined forces with investors to launch a fund that will invest in British property for disadvantaged groups, the $6 billion London-based hedge fund firm said on Thursday.
LONDON - Shares in British insurer Aviva fell more than five percent on Monday reflecting uncertainty about the potential benefits of the company's 5.6 billion pound (8.79 billion US dollar) plan to merge with rival Friends Life
LONDON - Lending to small businesses by banks in Britain taking part in the Bank of England's Funding for Lending Scheme fell at a slower pace in the third quarter of 2014 than earlier in the year, the BoE said on Thursday.