Goldman Sachs is to launch a consumer bank in the UK, with what is believed to be the highest interest rate in the country.

The Financial Ombudsman Service has told banks they should take into account the “evolution and sophistication” of frauds and scams – and not simply assume that their customers were “grossly negligent.”  

deVere Group believes its new private bank is the first in the world to be owned by an independently-owned financial adviser firm.

Plans to ensure that individuals working at the upper echelons of banks can be held fully accountable for their professional practices have been outlined this morning. Read more...