Banking News
UK interest rates held at 0.5%
The Bank of England's Monetary Policy Committee today voted to maintain interest rates at 0.5%.
Directgov explains Pre-Budget Report 2009 on web, mobile and TV
What will the Chancellor’s announcements in today’s Pre-Budget Report (PBR) mean for you? People including environmentalists, motorists, parents and pensioners can all find clear, concise information about this year’s Pre-Budget Report (9 December 2009) by visiting the Nation’s Official Website, Directgov.
Barclays enhances mobile phone banking service
Barclays has updated its unique mobile phone banking site making it simpler, faster and easier for customers to do their banking whilst on the move.
Newcastle Building Society supports stamp duty extension
Newcastle Building Society is urging the Government to extend the stamp duty holiday ahead of Alistair Darling’s last Pre-Budget report before the general election.
Weak support for the two-legged black horse
Research by leading financial website The Motley Fool - Fool.co.uk - has found that there is weak support among investors for the latest rights issue from Lloyds Banking Group.
Trading volumes soar as Lloyds launches rights issue
Trading volumes up 39% with Lloyds accounting for almost a third of the TD Waterhouse top ten. Angus Rigby, Chief Executive Officer, TD Waterhouse comments: "Overall trades were up 39% compared to the previous week, with buys storming 37% ahead of sells.
Maintaining financial stability across UK’s banking system
The National Audit Office has concluded that the public support provided to UK banks by the Treasury was justified, given the scale of the economic and social costs if one or more major banks had collapsed.
BSA calls for level playing field in financial services
Ahead of the Chancellor's Pre-Budget Report on Wednesday 9 December, the Building Societies Association (BSA) is calling on the Government to take stock of regulatory initiatives and to mitigate unfair competition from public-owned and part public-owned banks and NS&I.
Yorkshire’s £750million cash call this Christmas
The economy may only be showing tentative signs of recovery but the two biggest spending weekends of the year will soon be upon us, according to research from Yorkshire Bank.
Scots’ £1bn cash call this Christmas
The economy may only be showing tentative signs of recovery but the two biggest spending weekends of the year will soon be upon us, according to research from Clydesdale Bank.
Post Office to expand financial services offer
The Business Secretary Lord Mandelson today opened a public consultation on new financial products and services that could be offered by the Post Office.
Merger of Chelsea and Yorkshire Building Society
Commenting on the merger of Chelsea Building Society and Yorkshire Building Society, Kevin Mountford, head of banking at moneysupermarket.com, said: "Just when you thought it was over the credit crisis makes its presence felt again.
Government proposals for the Post Office
Commenting on the Government's proposals for the Post Office's financial services provision, Kevin Mountford, head of banking at moneysupermarket.com, said: "There have been rumours that the Government would help create a ‘people's bank' for the past two years, and now it seems this talk has some substance behind it.
Equity release turns to funding organisations
SHIP, the equity release industry body, has announced the start of a campaign to encourage major financial institutions to consider the provision of funding for the equity release market.
Yorkshire and Chelsea Building Societies to merge
The Boards of Yorkshire Building Society and Chelsea Building Society announced today that they have agreed to merge, creating a second major force in the building society sector.