* UK banks have set aside $36 billion for compensation * Ombudsman has warned payouts to continue for years LONDON, Jan 27 (Reuters) - The number of complaints received by Britain's Financial Ombudsman Service about the mis-selling of loan insurance by banks and other financial servic
Read more* To bring all services under Post Office Money brand * Seeks to be major financial services provider by 2020 * Britain wants challengers to take on biggest banks (Adds details, quotes from director) By Matt Scuffham LONDON, Jan 26 (Reuters) - Britain's Post Office said
Read moreLONDON, Jan 26 (Reuters) - Some British banks are seeing stronger growth in mobile and internet banking from customers in their 70s and 80s than younger generations, a study showed on Monday. Nearly 2.3 million people aged over 70 are now using internet banking, or 30 percent of that age gr
Read more(Repeats Thursday story without change) By Alexander Smith DAVOS, Jan 22 (Reuters) - Europe's bankers defended the big bank model this week in Davos as the mounting cost of regulation puts a question mark over its future. Big complex banks must now hold far more capital than in
Read moreBy Alexander Smith DAVOS, Jan 22 (Reuters) - Europe's bankers defended the big bank model this week in Davos as the mounting cost of regulation puts a question mark over its future. Big complex banks must now hold far more capital than in the past because they are seen as posing highe
Read more* Number of customers switching banks up 12 pct in 2014 * Santander biggest net gainer of customers in Q2, 2014 * Barclays and Co-operative Bank lost most customers By Matt Scuffham LONDON, Jan 22 (Reuters) - The number of Britons switching bank accounts grew by 12 percent
Read more* 93 percent of adults have a cash savings account * Watchdog decides not to ban "teaser rates" * Study found that big banks paid worst interest rates (Adds more detail) By Huw Jones LONDON, Jan 20 (Reuters) - Britons get poor value from many cash savings accounts, findi
Read moreLONDON, Jan 20 (Reuters) - Britain's savers get poor value from many cash savings accounts, finding it hard to switch to rival providers, the Financial Conduct Authority said in a market study on Tuesday. The watchdog said it should be easier for consumers to compare and switch between acco
Read more(Repeats story published late Monday; no changes to text) * Duffy named CEO of National Australia Bank's Clydesdale * Clydesdale preparing for stock market listing or sale * Clydesdale has been hit by conduct charges, bad loans By Padraic Halpin and Matt Scuffham DUB
Read more* Duffy named CEO of National Australia Bank's Clydesdale * Clydesdale preparing for stock market listing or sale * Clydesdale has been hit by conduct charges, bad loans (Adds Irish fin min comments on AIB sale) By Padraic Halpin and Matt Scuffham DUBLIN, Jan 19 (Reuters
Read moreBy Huw Jones LONDON, Jan 19 (Reuters) - Badly run banks in Britain will be forced to hold substantially more capital until they can show that internal risks are under control, the Bank of England said on Monday. The BoE's Prudential Regulation Authority (PRA) published a consultation
Read more-- Source link: (http://bit.ly/1yx6bwq) -- Note: Reuters has not verified this story and does not vouch for its accuracy
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