LATEST

City watchdogs broaden HBOS inquiry

Magnifying Glass

The main City regulators have warned former managers of HBOS that they faced possible fines and being banned from the Square Mile after they broadened their investigation into one of Britain's most infamous bank failures.

UK banks face yearly standards report

RBS branch sign

Britain's biggest banks and building societies are to be subjected to a report on their behaviour each year by a new independent body that will assess progress on restoring the reputation of the financial services industry.

HOT LIST

FEATURED

Prison Window

Bankers face jail term for 'reckless misconduct'

Senior bankers will face up to seven years in jail if they are found to have committed a new offence of reckless misconduct being proposed by the government as part of a series of measures to clean up the City in the wake of the 2008 banking crisis.