A total of £72.1 billion in tax was paid to HMRC by the industry, a 1% increase from 2015.Read the full story ›
- Video report by ITV News Europe editor James Mates
Frankfurt, the financial capital of the eurozone, is preparing for Brexit, with an expectation that London's loss will be its gain when it comes to the sector.
With the European Central Bank already there, next week will see whether the European Banking Authority - currently in London - could possibly move there too.
Commercial real estate agents are making preparations in the expectation that major banks decide to move more of their HQs to the city from London.
The taxpayer's stake in Lloyds banking group has been cut to below 2% as the Government continues to sell its shareholding to the lender.Read the full story ›
A row between banks and ATM firms could threaten half of Link cash machines on Britain's high streets or lead to an end to free withdrawals.Read the full story ›
Barclays has set aside an extra £600 million to meet compensations claims for the mis-selling of payment protection insurance (PPI) in the third quarter.
The sum brings the total provision over the past two quarters alone to £1 billion, after £400 million was set aside in the second quarter.
The banking industry's PPI bill already stands at more than £30 billion.
Chief executive Jes Staley said the bank is still focused on selling down and disposing its hinterland businesses to concentrate on UK and US operations.
"The growing momentum in attaining our strategic goals means we can feel optimistic of our prospects of completing the restructuring," he added.
On Wednesday, Lloyds Banking Group announced that it set aside a further £1 billion to fund compensation claims for the mis-selling of PPI.
The partly state-owned lender said it has also accounted for a further £150 million to meet other conduct issues, including £100 million relating to packaged bank accounts.
British Bankers' Association head Anthony Browne warned that some banks could be moving abroad within weeks due to Brexit uncertainty.Read the full story ›
More than 70 firms have signed up to have at least 30% of their senior positions filled by women.Read the full story ›
A fault which left RBS and NatWest customers unable to login to their online banking yesterday has been blamed on a 'cyber attack'.
A spokesman for the bank said: "The issues that some customers experienced accessing online banking on Friday was due to a surge in internet traffic deliberately directed at the website.
"This deliberate surge of traffic is commonly known as a distributed denial of service (DDoS) attack. At no time was there any risk to customers."