Banking News

The Financial Services Authority (FSA) today issued a new waiver from its complaints handling rules regarding unauthorised overdraft charges.

C&G has launched its new-look website cheltglos.co.uk , designed to give consumers increased help and guidance when remortgaging or looking for a mortgage in today's uncertain climate.

Marks & Spencer Money has come top at the Your Money Direct Awards 2008 for offering best value and service in the following categories:

At Nationwide's Annual General Meeting (AGM), held today at the International Convention Centre in Birmingham, the votes of well over a million and a half Nationwide members helped to raise £250,000 for its chosen charity, Macmillan Cancer Support.

Over one million people are benefiting from 419 new non-charging cash machines installed in low-income areas throughout the UK in the last 18 months, Economic Secretary to the Treasury, Kitty Ussher MP and Treasury Select Committee Chairman, John McFall MP announced today.

Despite the growing threat of identity theft, Brits are still failing to take the necessary security precautions to protect their identity, according to research by MORE TH>N.

London and the South-East are the key hotspots for fraudulent applications across all product sectors, according to research by CIFAS.

Ensuring London maintains its place as a world leading financial services centre in the face of new global trends and challenges is the focus of a new Government-industry group to be chaired jointly by Chancellor Alistair Darling and Citi Chairman, Sir Win Bischoff.

Identity theft has overtaken street crime (43% versus 41%) and fears of being mugged or attacked (32%) to become the nation's top safety fear - and, overall, more than three in four Britons (76%) have concerns about family and domestic safety - according to research from American Express Insurance Services.

The Bank of England left interest rates on hold today. However, the decision to sit on the fence will be a huge disappointment to 31 million people. Two out of three consumers (65%) believe the current economic situation is either worse than or as bad as the media reports.

The Bank of England's Monetary Policy Committee today voted to maintain interest rates at 5.0%.

As the schools break up and the traditional summer holiday season begins, Cater Allen Private Bank urges customers to look carefully at their debit card arrangements for overseas transactions.

Action to give people more support to tackle their money concerns has been announced by Yvette Cooper MP, Chief Secretary to the Treasury and Hector Sants, CEO of Financial Services Authority (FSA).

Reza Attar-Zadeh, Director of Savings and Investments at Abbey said: "We welcome news of the proposed plans to increase the Financial Service Compensation Scheme from GBP35,000 to GBP50,000.

A new weapon in the finance industry's armoury to defeat money laundering terrorist financing goes online with the publication of the British Bankers' Association's latest Reporting Officer's Reference Guide.