Articles tagged "banks"

Europeans will find it easier to open and switch bank accounts and see what fees they are being charged under new rules proposed by the European Commission on Wednesday.

Switching banks is due to become much easier and quicker as George Osborne has promised to deliver a shot in the arm to the banks and more than halve the time it takes to change account.

Low savings rates and a growing mistrust of high street lenders are prompting more consumers to bypass banks and do business via peer-to-peer lenders. Johanna Gornitzki examines the growing trend.

With the FSA highlighting the incentives which encouraged the mis-selling of PPI and endowments, tougher rules may be introduced next year. But will this be enough to deter the banks?