Banks

Twelve per cent of adults in the UK have been turned down for credit in the last three years, research conducted by YouGov on behalf of Confused.com has found.

Net lending to UK businesses rose by £2.5 billion in the month to September - the biggest monthly rise in lending since January 2009 - figures from the British Banking Association (BBA) have shown.

Low interest rates are 'unhealthy for the economy' and are 'misleading borrowers', a former Government adviser has said.

Consumers will be able to cancel regular payments from their bank account by contacting their card provider as part of a move to simplify the banking system and better protect consumers, the Financial Conduct Authority (FCA) has said.

Net lending by banks under the Government's Funding for Lending Scheme fell by £0.3 billion in the first quarter of the year, data from the Bank of England shows

The chief economist at the British Chambers of Commerce has urged the Bank of England's Monetary Policy Committee to resist pressures to add to its quantitative easing programme.

The Financial Services Authority (FSA) has been replaced by two new regulatory bodies, which will aim to monitor financial institutions and better protect consumers.

UK banks will be forced to separate everyday high-street and retail banking operations from their investment arms under the Banking Reform Bill, announced by the Chancellor George Osborne.

The Financial Services Authority (FSA) has confirmed that four major UK banks will start a full review into the mis-selling of products to small businesses, after it found that nine out of 10 sales did not meet regulatory requirements.

Lending to small and medium sized enterprises (SMEs) by banks and building societies contracted in the three months to November 2012, despite Government efforts to boost business lending.