Lloyds Banking Group has agreed to pay compensation and refund interest payments on a £18,000 loan it gave to an elderly dementia payment

Peer-to-peer lending via three websites that link savers with borrowers - bypassing the banking system - has topped £250m.

Eurozone ministers are due to hold a conference call to discuss a possible bailout for Spanish banks, as the IMF warns 40bn euros is needed.

Sir Philip Hampton, chairman of Royal Bank of Scotland (RBS) has said the disastrous performance of the bank's Irish division, Ulster Bank, is his biggest worry.

Spain is to get up to 100bn euros ($125bn; £80bn) in loans from eurozone funds to try to help shore up its struggling banks, it is announced.