Banking News

The Financial Services Authority (FSA) is urging firms to change their attitude to data security and do more to help prevent their customers falling victim to identity fraud and other types of financial crime.

Heritable Bank, the UK incorporated bank established over 130 years ago, has switched the administration and back office processing of its current and new savings book to Newcastle Building Society in a planned strategic overhaul.

Members of Britannia Building Society have helped to raise more than £43,500 by voting at its Annual General Meeting (AGM).

Members of Skipton Building Society have again shown their support for the mutual as 20% (around 94,000 members) voted in its Annual General meeting yesterday.

March’s net mortgage lending weakened and all forms of mortgage approvals declined, according to figures from the British Bankers’ Association (BBA).

Coventry Building Society is delighted to announce that from 1 May, Macmillan Cancer Support has been chosen as its new ‘Charity of the Year'.

The Bank of England is today launching a scheme to allow banks to swap temporarily their high quality mortgage-backed and other securities for UK Treasury Bills.

James Caldwell, director at FairInvestment.co.uk comments on the Government's proposal to transfer mortgage-based assets into Government bonds: "At a time where the private sector is not prepared to put any liquidity into the market, the Government has stepped up to try and ease the crisis.

A good credit rating should be the must-have accessory of 2008 but it seems Brits are relying on their horoscopes to get them through instead.

Abbey has announced changes to its savings and mortgages range following the Bank of England's decision on base rate last week.

The feeling will be mutual in the West Midlands this year as Yorkshire Building plans to open two new branches.

APACS, the UK payments association, has advised about the increasing numbers of phishing attacks in the UK and reminded consumers of the tips to help them avoid falling victim to such crimes.

Fans of Chelsea FC will be celebrating a £205,000 boost from Britannia Building Society tonight when the Society presents the club with its annual bonus cheque.

Coventry Building Society is delighted to announce that it has hit its target donation to its first ever ‘Charity of the Year', Royal National Institute of Blind People (RNIB).

Today, as Sterling hits an all time low against the Euro, the Bank of England has announced a 0.25% cut in interest rates to 5%.