Author: Nathan Bissitt

Banks are to begin immigration checks on millions of accounts as part of a Home Office scheme to create a “hostile environment” for people living in the UK unlawfully. The new scheme, which will be rolled out this month, requires banks and building

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New EU rules come into effect today which will mean customers can’t be penalised with extra fees for choosing to pay by credit or debit card. But what will the Payment Services Directive mean for businesses? Why were some businesses charging extra for card

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It’s being called a revolution in banking. So-called Open Banking kicks off on Saturday in what amounts to a gigantic financial experiment in which Britain is leading the world. Under the scheme, nine of the biggest lenders operating in the UK – Lloyds,

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The pound has climbed to its highest level against the US dollar since the Brexit vote. Sterling was up by more than a cent to reach nearly $1.37 in Friday trading. It was little changed against the euro, hovering below €1.13. It has not been as high versus the dollar

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Carillion has put one of the big four accountancy firms on standby to oversee an administration of the construction giant in a further signal of the precarious state of its finances. Sky News has learnt that EY and PricewaterhouseCoopers were asked to compete for the

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