Banking News

The National Association of Estate Agents (NAEA) is calling on the Bank of England to act to stabilise the housing market.

Commenting on the loss of 370,000 customer details by banking giant HSBC, Kevin Mountford, head of savings at price comparison site moneysupermarket.com, said: “For a bank that prides itself on first class service this is unforgivable

The Skipton Building Society Group has announced that it has acquired a 75% shareholding in Thomson Shepherd Ltd, the Scottish based IFA (which trades as Coggans Wood in Edinburgh).

The Treasury Committee, in its Report on the 2008 Budget, cautions that the Treasury may have given insufficient weight to the risks of continued financial market turbulence in making its forecasts for economic growth.

Zopa beats PayPal, Wal-Mart, Vodafone and Prosper as the biggest threat to banks across the world

Leeds Building Society, the UK’s 7th largest building society, held its Annual General Meeting in Leeds earlier today. Members voted overwhelmingly for the re-election of Chief Executive, Ian Ward, and Non-Executive Director, Ian Marshall.

Consumers can claim compensation of up to £48,000 if they have lost money as a result of their dealings with any one of 35 firms that the Financial Services Compensation Scheme (FSCS) has recently declared in default.

The increase in total net lending to individuals in February (£9.8 billion) was above the increase in January and the previous six-month average, according to figures from the Bank of England (BoE).

As the purse strings tighten and the credit crunch takes hold, Callcredit Check is advising consumers to take a good look at their finances.

Yorkshire Building Society is urging its members – that is its savers and borrowers – to have a say in how the financial business is run.

Members of Britannia Building Society can help shape its future by casting their vote at the Society's Annual General Meeting (AGM).

Responding to the new banking code which comes into force today, Kate Jopling, head of public affairs at Help the Aged, says: “The new banking code ‘enhanced promise’ to treat customers fairly and reasonably is in stark contradiction to the blatantly ageist attitudes of the code sponsors.

Could Alistair Darling pass a finance test for teenagers? Personal finance website moneywise.co.uk is set to find out as it challenges the Chancellor and other high profile figures such as BBC Business presenter Declan Curry to rate their financial know-how against a sixteen year old.

Commenting on the introduction of regulatory changes to the Banking Code from Monday, March 31, Kevin Mountford, head of savings at price comparison site moneysupermarket.com, said:

The new Banking Code and Business Banking Code contain an enhanced promise by banks and building societies to treat customers fairly and reasonably.