Banking News

As a nation, we're in the dark about our finances, according to new research released by CreditExpert.co.uk.

The Financial Services Authority (FSA) has today launched a new website designed to be a one-stop-money-information-shop for young adults and forms part of the watchdog's National Strategy for Financial Capability.

The highest ever monthly inflow to building society cash ISA accounts contributed to a record April savings inflow for societies of £1.8 billion, according to the Buildings Societies Association (BSA).

APACS has announced the volume and value figures for the first three days' operation of the new Faster Payments Service, launched on Tuesday 27th May.

Whether your house is burgled or your bag is stolen from a bar, being a victim of crime is a trauma. Increasingly it can also become an experience that casts a shadow into the future, with the criminal typically targeting identity documents as well as watches, jewellery and electronic equipment.

Commenting on M&S introducing euro and dollar cash machines in 40 stores, Steve Willey, head of travel money at price comparison site moneysupermarket.com, said: "This is a good move by M&S which brings great convenience to its customer base as the summer holiday season approaches.

Commenting on the FSA considering producing a poor service league table on banks, Kevin Mountford, head of current accounts at price comparison site moneysupermarket.com, said: "Customer service is an important factor for consumers choosing a financial product and, in particular, a bank account.

M&S Money is making it even easier for holiday makers to get their travel money this summer with the launch of cash machines which dispense both euros and dollars in 40 M&S stores.

Nearly one in three customers would prefer banks continuing to impose unauthorised overdraft charges of up to £30 a time if it means that current accounts remain free, new research for MoneyExpert.com shows.

Payments industry marks opening of new service with £10,000 donation to Myanmar (Burma) Cyclone Appeal.

The traditional role of the ‘male breadwinner' is losing relevance to today's society, according to new research from private bank Cater Allen. Women in particular believe that men no longer need to be the ‘sole wage earner', and are becoming more eager for self-sufficiency.

The BBA said: "Today the Judge has set out the next stages in the test case on bank fees for unarranged overdrafts.

The case management conference has predictably resulted in the banks being given leave to appeal against the recent High Court judgement.

Fool.co.uk comments on confirmation that banks will appeal against the ruling on unfair charges. David Kuo, Head of Personal Finance at Fool.co.uk, says: "The BBA has confirmed that banks will appeal against the High Court ruling on unfair charges.

Nationwide Building Society has opened a new call centre in Swindon, further illustrating the Society's commitment to keeping its call centres based in the UK.