Banking News
Interest rate rise: 58 increases in 30 years – will it be 59 next week?
Stephen Smith, Director of Housing at Legal & General comments on the expected rate rise next week: “With inflation running away and the property boom ongoing, it is likely that the Bank of England will want to put a cool flannel on the economy’s brow.
Brits say debt below £15,000 not worth worrying about
Interest rate rises are having no effect on borrowers’ confidence according to the latest Personal Credit Index survey from CreditExpert.co.uk, the online credit report monitoring service from Experian. People are proving more comfortable than ever before with high levels of debt.
Claim management firms could scoop £531m of reclaimed bank charges
With £2.12 billion of bank charges still waiting to be reclaimed by consumers, it’s no surprise that around 30 specialist claim management firms or ‘ambulance chasers’ have been set up to ‘manage the whole process’.
SMEs set to benefit – business current account sector springs to life
Lee Tillcock, Editor of Business Moneyfacts comments: “According to recent research by Standard Life Bank, British SMEs are missing out on just over a billion pounds a year by keeping their money in low-paying business current accounts, with 60 per cent unhappy with the level of interest they are paid.
Development of Jersey’s identity good for companies and clients
Yesterday, Jersey's Chief Minister, Senator Walker, announced that a historic agreement had been signed with the UK's Secretary of State for Constitutional Affairs, Lord Falconer.
Halifax: The MPC's 10th anniversary
The Bank of England will be celebrating the tenth anniversary of being granted operational responsibility for setting and controlling interest rates on 6th May.
Nationwide to provide free cash machines at Wembley Stadium
Nationwide Building Society has announced that it is to become an Official Supplier to the new Wembley Stadium. The new deal, which will run until the summer of 2010, is the latest addition to Nationwide's football sponsorship portfolio - which includes being the official England team sponsor.
Alliance & Leicester launches business centre in South Yorkshire
Alliance & Leicester Commercial Bank today announces the opening of the Bank’s latest regional Business Centre in the heart of Sheffield city centre.
Cater Allen rebrands and modernizes for the 21st century
On 1 May Cater Allen Private Bank will rebrand to align its corporate identity with its parent company Grupo Santander, one of the world’s top ten banks.
Banks support call for greater co-ordination
Financial regulation needs to be better co-ordinated to maintain the UK’s premier position in the international financial services market the British Banker’s Association said today.
Bankers’ site hits all-time high
More people than ever before have accessed the British Bankers’ website figures reveal today.
DCPCU celebrates five-year anniversary
This Sunday (29 April 2007) marks the fifth anniversary of the Dedicated Cheque and Plastic Crime Unit (DCPCU) and represents a significant milestone in the history of the UK’s ongoing fight against organised fraud.
Fraud trends cause concern
At the end of the first quarter of 2007, data provided by Members of CIFAS, the UK's Fraud Prevention Service, showed some disquieting developments.
Portman members approve merger with Nationwide
On 23 April 2007, Portman Building Society savers and borrowers overwhelmingly approved the merger of the Portman and Nationwide Building Societies at Portman’s Annual General Meeting (AGM) at The Lighthouse, Kingland Road, Poole.
Members’ vote raises over £10,000 for RNIB
Coventry Building Society, the UK’s 5th largest building society, held its Annual General Meeting last week.