It’s getting to be that time of year again, all across America and even throughout the rest of the world, and banks are tightening their lending policies. Offshore capital is usually much easier to get than on-land funds. This is because U.S. banks are tightening their…

Revelations that AIB was involved in assisting clients in avoiding tax through offshore tax havens have been described as “deeply disturbing”.

The former chief executive of Lloyds has defended the price it paid for its stricken rival HBOS, denying claims he should have driven a harder bargain.

Britain’s banks will have to find another £10 billion to cover potential losses in their portfolios of credit card, personal loan and car finance debt, the Bank of England has said.