Ian Lavery: ‘The damage caused by bank branch closures must end’
On 5 June 2025, a debate I initiated was held in the House of Commons designed to bring to the government’s attention the continuing problems being caused to many people in the UK as a consequence of the major banks’ wholesale closure of local branch offices. This is a matter of great concern as the banks […]
Minister suggests British banks are ‘profiteering’ from rising interest rates
British banks have been accused of “profiteering” as millions of Britons struggle to get by during the cost-of-living crisis. As a result, the Financial Conduct Authority (FCA) has summoned the four big banks for a meeting on Thursday over their conduct. Appearing to support such allegations, veterans minister Johnny Mercer said this morning: “Interest rates […]
Miliband’s bank break-up plans will hurt poor, claim banks
Britain’s biggest banks warn that they would be forced to dump unprofitable customers and close banks in poorer areas, under plans to reform Britain’s banking industry being proposed by Labour today.
Ed Miliband’s economy speech in full
Ed Miliband sets out Labour’s policies on banking and the wider economy.
RBS: Osborne raises stakes with ‘internal bad bank’ move
The government has decided not to break up the Royal Bank of Scotland (RBS), in a move which could make it harder to recoup taxpayers’ money.
City shocked by ‘electrified’ banking ring-fence call
The government’s plans to ring-fence banks’ retail and investment branches “fall well short”, MPs on the parliamentary commission for banking standards looking at Vickers reforms have warned.
Eurozone banking union leaps forward with Brussels deal
Britain looks to have won a key concession as European leaders agree new banking union rules in Brussels today.
Bankers condemned: Review demands jail for Libor fiddlers
Bankers who manipulate the interbank lending rate Libor should face criminal sanctions, an independent review has concluded, as part of efforts to reform “what has become a broken system”.
Conspiracy: ‘US bank regulators are anti-British’
Senior MPs accused New York regulators of an “anti-British bias” today, amid US allegations that Standard Chartered schemed with Iranian clients to avoid sanctions.
Miliband wants ‘challenger’ banks to shake up the high street
Ed Miliband is expected to propose forcing retail banks to give up hundreds of their high street premises to new ‘challengers’ in a speech tomorrow.
