Banking News

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.

APACS, the UK payments association, announces the closure of the CHAPS Euro clearing service, which will take effect at the close of business tomorrow (16 May).

Nationwide Building Society begins the distribution of over 5,000 copies of The Teenager's Guide to Money to secondary schools and colleges across the UK today.

As British banks write off humungous sums related to the American sub-prime mortgage fallout, customers weigh up their banks' abilities to weather the credit turmoil.

Most people would not be prepared to pay for a bank account event it meant a fairer, simpler banking system with no hidden monthly charges, according to new research from Moneyexpert.com.

The debit card retains its popularity at retailers, with spending rising by 11% last year, according to figures released by APACS, the UK payments association.

The Bank of England has today elected to keep interest rates on hold at 5.00%, in what must have been one of the Bank's closest calls.

New research from the Building Societies Association (BSA), launched at the BSA's Annual Conference, shows that despite the testing market conditions, the majority of building society bosses are optimistic about the year ahead.

There's broad agreement among economists that base rate will come down, so why's the Bank of England ‘doing a Gordon' and dithering, asks Robin Amlôt.

Newcastle Building Society received resounding support from its members at its 2008 Annual General Meeting, after witnessing a record turnout.