* Free banking stifles innovation and competition -report * Prospect of paying accounts still unpopular with Britons * 1 in 2 customers would switch if upfront fees charged * Nearly two-thirds say not prepared to pay upfront By Matt Scuffham LONDON, Feb 2 (Reuters) -
Read moreBy Jonathan Stempel NEW YORK, Jan 31 (Reuters) - JPMorgan Chase & Co, the largest U.S. bank, agreed to pay $99.5 million to settle its portion of an antitrust lawsuit in which investors accuse 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market. Made pu
Read more* Lenders have paid out 17 billion pounds compensation * Banks have set aside 24 billion pounds for payouts * FCA to assess if current approach is working * Banks have dealt with 14 million complaints (Recasts, adds comment from consumer group, background) By Huw Jones a
Read moreBy Huw Jones LONDON, Jan 30 (Reuters) - Britain's markets watchdog will collect evidence on whether consumers mis-sold loan insurance are being compensated properly, after lenders have paid out 17.3 billion pounds ($26 billion) already in the country's costliest financial scandal. The
Read moreBy Huw Jones LONDON, Jan 29 (Reuters) - Banks in Britain may end up hiring auditors to endorse the capital ratios they publish to increase investor confidence, an accounting body said on Thursday. The ICAEW said it was working with the Bank of England's supervisory arm, the Prudential
Read more* 1.8 billion pounds so far paid out by banks * Banks had set aside 4.4 billion pounds for compensation * Lawyer says banks' provisions could be reduced * Regulator sets March deadline for claims (Adds quote from lawyer on banks' provisions) By Matt Scuffham LONDON
Read moreLONDON, Jan 29 (Reuters) - Britain's banks have paid out less than half of the 4.4 billion pounds ($6.7 billion) set aside to cover the mis-selling of complex interest rate hedging products, according to data from the financial regulator. The Financial Conduct Authority (FCA) ordered banks
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