Small businesses mis-sold interest rate hedging products by high street banks have so far accepted £500,000 in compensation but the figure is likely to rise significantly, the Financial Conduct Authority (FCA) has said.

Positive data pointing to the increasing pace of the UK economy is putting the Bank of England (BoE) under greater pressure to rein in market expectations of an interest rate rise.

Fred Goodwin's 'details orientated' management style - which included introducing thousands of custom-made round-topped storage units to deal with his growing irritation over piles of paper - has been showcased in a new book.

Top fund managers have expressed anger over Co-operative Bank's £1.5bn rescue plan and warned its risk a full-scale investor rebellion if it fails to deal with its bondholders.

Mattioli Woods, the pension consultant and wealth manager, has reported increased pre-tax profits of £5.56m, up 9.9%, for the year ended 31 May.

Accounting firm Baker Tilly has confirmed it will not make an offer for RSM Tenon Group.

The Financial Conduct Authority (FCA) has reached an agreement with insurance provider Card Protection Plan (CPP) and 13 high street banks and credit card issuers which will result in a £1.3bn redress scheme for people mis-sold CPP's Card Protection and...

Two tax consultants have been charged with fraud over their part in a £1m tax scheme which took advantage of charity reliefs.

The leader of a £1.5bn bid to take over 315 branches up for sale by Royal Bank of Scotland (RBS) has warned the lender it must take the offer seriously.

The Treasury is to launch an advertising campaign promoting the Equitable Life compensation scheme after a damning report said its performance had been "unacceptably poor".