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Banks raise savings rates – hours before grilling by regulator

Lloyds and HSBC have increased savings rates just hours before banks are due to meet the City watchdog to discuss profiteering concerns. Bosses at HSBC, NatWest, Lloyds and Barclays are expected to meet the Financial Conduct Authority on Thursday to discuss how cash saving accounts are priced and how banks communicate the deals they offer to customers. The Bank of England has raised interest rates 13 times in a row from 0.1pc to 5pc, its highest level since 2008. However, the average easy-access ....

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Banks accept they must 'do more' for savers suffering ultra-low returns

Britain’s biggest lenders have accepted that they must “do more” to help savers after the City watchdog hauled in executives to explain why returns were so low. ....

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