UK banking

  1. Bank-free North Yorkshire town to get banking 'hub'

    Local Democracy Reporting Service

    Knaresborough is to become one of the first places in the UK to get a new "banking hub" as part of a scheme offering basic cash services on high streets.

    Knaresborough market place

    The North Yorkshire town's last bank branch closed in March, leaving just two ATMs.

    The proposed hub would see the major banks offer their services on different days of the week.

    According to the Office for National Statistics, the number of bank branches across the UK has fallen from more than 11,300 in 2012 to under 7,000.

    In Knaresborough, residents have been forced to travel to Wetherby or Harrogate - several miles away - since the closure of the Halifax branch in March.

    The town's Conservative MP Andrew Jones said: “This is great news for Knaresborough, a town starved of its banking facilities, and I am sure this new facility will be well-used by residents, businesses and visitors.”

    The site for the hub will be decided in the new year.

  2. £830,000,000 - Nick Leeson and the Fall of the House of Barings

    Video content

    Video caption: How futures trader Nick Leeson caused the collapse of Britain's oldest bank.

    A behind-the-scenes account of how futures trader Nick Leeson lost an estimated £830million, causing the collapse of Britain's oldest bank. A documentary by Adam Curtis.