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The Royal Bank of Scotland (RBS) expects its profits to almost double in the first half of the year.
Even a "relatively benign" rise in interest rates could cause a huge increase in the number of households with debt problems, according to the Resolution Foundation think tank.
Barclays is to fight legal action which accuses the bank of fraud in its US "dark pool" trading.
The Bank of England is still worried about raising interest rates despite growing signs of economic recovery, meeting minutes show.
The amount of government borrowing was £11.4bn in June, according to The Treasury.
Even after more than three years since the controversy surrounding mis-sold Payment Protection Insurance (PPI) started, there are still as many as 5,000 new complaints about PPI made every week, according to the financial ombudsman.
Credit Suisse, the Swiss banking giant, has reported its biggest quarterly loss in six years.
The Serious Fraud Office (SFO) has launched a criminal investigation into allegations of price fixing in foreign exchange markets.
The UK is set to achieve the strongest growth rate amongst the G7 economies in 2014, according to the latest quarterly forecast from the EY ITEM Club.
The UK's banking sector is to face a full competition inquiry, the Competition and Markets Authority (CMA) has announced.