Banks bonus-based products ban

Banks are to be prevented from selling commission-based products to customers after the scandal of Payment Protection Insurance and swaps, the City watchdog the Financial Services Authority has announced.

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FSA vows to get 'a fair deal for customers'

Today Martin Wheatley, of the Financial Services Authority, is vowing to get a fair deal for banking customers by eliminating incentive schemes, which the FSA believes can lead to mis-selling.

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Latest ITV News reports

  • Death of the banking salesmen?

    Martin Wheatley, of the Financial Services Authority, is to call time on the era where banks made pots of cash from commission.