The Co-operative Group was scrambling late on Monday to convince the 4.6 million customers of its banking arm that its ethical stance could survive aggressive US hedge funds taking a stake in the troubled bank.
Co-op Bank has secured a rescue deal with creditors over the weekend which will see branch numbers reduced and staff redundancies, according to reports.
Germany rebuffs US Treasury criticism; RBS pledges support to small businesses; Shell to resume Arctic drilling campaign.
Optimism amongst Britain's banks and other financial firms is at its highest in almost 17 years, according to the latest quarterly CBI/PwC financial services survey.
The Treasury has applied for European Union (EU) approval to split up Royal Bank of Scotland (RBS), to smooth the process of carving up the state-owned lender.
Barclays is launching an unprecedented review of the overdraft fees and charges faced by nearly 12 million of its current account customers in a bid to make a decisive break from the "sins of the past".
The TSB brand has returned to the UK financial services sector today after Lloyds Banking Group launched a new bank into the market.
A private charity lunch with Warren Buffet has sold for $1m – less than a third of last year’s price.
The UK is not heading towards a triple dip recession, the Treasury chief secretary has said.
RBS branch spin-off; BP share buy-back; Virgin Atlantic hits Scotland
Financial Services Authority (FSA) chairman Lord Turner has promised an independent inquiry into an IT glitch that affected millions of Royal Bank of Scotland (RBS), NatWest and Ulster Bank customers in June.
UK consumers are increasingly open to the idea of trusting non-banking brands with their financial needs.
The Financial Services Authority (FSA) is to instruct banks to charge for current accounts, according to a report by consumer group Which?.
Seven leading global banks, including Barclays, RBS and HSBC, have been issued with subpoenas by the state of New York over the alleged rigging of LIBOR.
Over half of consumers think that the government’s handling of the banking industry has got worse over the last five years, when the financial crisis officially started.
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