Banking News

Constantly logging onto different websites and liaising with various call centres to manage their finances has prompted nearly one-in-five Brits, that's 8.7 million, to consolidate all their financial products with one provider, according to new research from Abbey Banking.

The OFT has launched a public consultation on the scope of its project looking at irresponsible lending in UK consumer credit markets.

Financial education charity the ifs School of Finance, has warned that there will continue to be high levels of insolvency whilst so many people lack basic skills in personal financial management.

Two in seven people (29%) believe banks are responsible for today's financial mess according to a new study by money website Fool.co.uk. Almost everyone (94%) says they have had their credit limits raised without even being asked.

Skipton Building Society Group's half-year results, to 30 June 2008, show the Society and its 19 subsidiaries giving a resilient performance against difficult trading conditions.

At a time when up to 3,000 blank passports and visas have been stolen from a van in Manchester worth around £2.5 million recent research from American Express Insurance Services reveals that identity theft is now the nation's top security fear.

Whether you're reading about John Darwin faking his death, or even watching your favourite soap, the dangers of debt are everywhere you look.

Consumer trust in financial services institutions could be dramatically increased if there was a clearer demarcation between financial sales and advice, according to a report from the Association of Independent Financial Advisers (AIFA).

UK Growth & Income Fund Manager and Banking Sector Specialist, Chris White, gives his views on the Lloyds' Interim Results: "There was fuel for the bulls and the bears in today's results for Lloyds TSB.

The enormous volume of business transacted round the clock through the UK's banks is highlighted in the British Bankers' Association's latest Abstract of Banking Statistics.

Alliance & Leicester Commercial Bank has announced the launch of the Bank's latest regional Business Centre in Nottingham's city centre.

The Financial Services Authority (FSA) has fined Liverpool Victoria Banking Services Limited (LVBS) £840,000 for serious failings in the sale of single premium Payment Protection Insurance (PPI).

The rises in facility takeover and application fraud seen earlier in the year are indicative of a continuing trend rather than just a ‘blip', according to data from the CIFAS - the UK's Fraud Prevention Service.

Since the credit crisis erupted commentators have frequently speculated that the Bank of England has advanced funds outside the framework of its normal money market operations to banks other than Northern Rock.

The Financial Services Compensation Scheme (FSCS) improved its service to consumers while cutting its costs during 2007/08, according to its annual report. At the same time, the Scheme passed the billion pound mark in compensation paid to consumers.