Banking News
East Londoners at greatest risk of money laundering scam
New research by Financial Fraud Action UK - the name under which banks co-ordinate their fraud prevention activity, shows that consumers are alarmingly unaware of the fake job recruitment scams criminals are increasingly using to dupe people into assisting them in money laundering activity.
Santander extends partnership with Vodafone McLaren Mercedes
Santander is extending its sponsorship of the Vodafone McLaren Mercedes Formula 1 team and drivers. This means the bank will continue its successful relationship with Lewis Hamilton and Jenson Button, Britain's two World Champions.
Money transfer scams revealed
The Office of Fair Trading (OFT) has launched its 2011 Scams Awareness Month, as new figures reveal the UK's top scams.
New financial language developing amongst Twitter users
Barclays has released the new lexicon of financial terminology that is changing traditional banking terms.
FSA fines Barclays Capital £1.12m for client money breaches
The Financial Services Authority (FSA) has fined Barclays Capital Securities Ltd (Barclays Capital) £1.12 million for failing to protect and segregate on an intra-day basis client money held in sterling money market deposits.
first direct smashes £2.1m target for ChildLine
Against a backdrop of falling revenue from businesses to charities first direct's partnership with ChildLine, a service of the NSPCC, has exceeded its £2.1m target by over £176,000 through fundraising and pro-bono support.
Santander to restructure overdraft charging
As previously announced in June 2010, Santander is to restructure its overdraft charges and is moving to a daily fee arrangement, aligning overdraft charges with the former Alliance & Leicester daily fee charging model.
first direct launches iPhone App
Online and 24-hour telephone bank, first direct, has become the first UK bank to launch a true transactional, Banking 'on the go' App for Apple's iPhone and iPod Touch.
Bank of England holds interest rates at 0.5%
The Bank of England's Monetary Policy Committee today voted to maintain interest rates at 0.5%.
Banks reward loyal customers with pitiful returns, says Which?
Almost nine in 10 (87%) savings accounts that were available six years ago are now paying interest of 0.5% or less, while almost two-thirds (62%) are paying 0.1% or less - just £1 a year for every £1,000 saved, shows new research by Which? Money.
RBS and NatWest fined for poor complaint handling
The Financial Services Authority (FSA) has fined Royal Bank of Scotland (RBS) and National Westminster Bank (NatWest) £2.8m for multiple failings in the way they handled customers' complaints, responding inadequately to more than half the complaints reviewed by the FSA.
Big society at work - community housing project secures funding
A pioneering community-led village development to provide homes, jobs and facilities in Devon has secured a £2m loan from Triodos Bank. Finance from the bank will enable construction to start on phase one of the 7.2 ha development.
Triodos Bank tips for sustainable banking in 2011
With more than a third (37%) of people last year making a resolution to be more green or ethical, sustainable and ethical bank Triodos today offers a selection of tips on banking more sustainably in 2011.
Arctic snap prompts last gasp dash to Christmas cash
With many retailers warning of late deliveries due to the snow, and many more not accepting new Christmas orders, nearly eight million UK adults say the arctic snap has made them more likely to send cash to avoid loved ones being disappointed on Christmas Day, according to a survey this week from the Payments Council.
Triodos Bank tips for sustainable banking in 2011
With more than a third (37%) of people last year making a resolution to be more green or ethical, sustainable and ethical bank Triodos today offers a selection of tips on banking more sustainably in 2011.