Nikhil Rathi, the incoming boss of the Financial Conduct Authority, was talking to MPs about the unpopularity that comes with overseeing more than 60,000 finance companies in the UK, ranging from Wall Street heavyweights to vets offering credit...

Banking giant HSBC has hiked its staff bonus pool by nearly a third, up from 2.7 billion US dollars (£2 billion) in 2020, while chief executive Noel Quinn picked up a total pay package of £9 million for 2021. The group has handed out a mammoth...

The Consumer Price Index inflation in UK hit 5.4 per cent in December and remains at a near 30-year high after rising to 5.5 per cent in January.

An investigation by The Markup found that lenders using AI technology in their loan applications were more likely to deny home and short term loans to people of colour than other members of the applications. Banks in the UK were cleared of racism...

High street banking has long been dominated by Britain's Big Four banks - HSBC, Barclays, Lloyds and NatWest - prompting Britain to make it easier for new banks to enter the market, and for customers to switch banks with little fuss.

Bank of England is expected to raise interest rates by quarter-point since it gained operational independence in 1997, but markets now price in a 98% chance of a total 75 basis points of tightening by May's meeting.