Banks constantly tell consumers to be vigilant about scams.

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Stop. Think. Check who you’re paying. Look for warning signs and if something doesn’t feel right, don’t transfer your money.

It’s sensible advice. But shouldn’t we expect banks themselves to follow it?

The Financial Conduct Authority is now looking closely at the role of regulated banks whose services were used by high-risk, unregulated loan-note investment schemes that subsequently collapsed.

The figures are staggering. NatWest reportedly processed around £110 million for the 79th Group, a property investment operation that insolvency practitioners have alleged had the hallmarks of a £250 million Ponzi scheme. Its........

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