Banking News
Coventry staff choose their ‘Charity of the Year’
Coventry Building Society is delighted to announce that the Royal National Institute of the Blind (RNIB) has been chosen as its first ever ‘Charity of the Year’.
Banks beware as customers threaten to switch
A growing number of bank customers are ready to jump ship, according to an online survey by independent personal finance website Fool.co.uk. In particular, customers who belong to one of the ‘Big Five’ high street banks, namely HSBC, Royal Bank of Scotland, Barclays, Lloyds TSB and HBOS say they will not hesitate to leave for a smaller rival.
Internet bill payments increase to more than one million
Alliance & Leicester Commercial Bank has announced that it has seen a significant increase in the number of consumers choosing to pay their bills online.
uSwitch.com comments on RBS profit announcement
Following the Royal Bank of Scotland’s Group profit announcement of £9.414 billion (a 14% increase of £1.16 billion since 2005), Nick White, Director of Financial Services at independent price comparison and switching website uSwitch.com, comments:
HBOS employees benefit from share ownership schemes
ifs Proshare, a not-for-profit organisation concerned with the issues of employee share ownership and financial education in the workplace, have praised HBOS for today confirming that 50,000 of their employees will share gains of approximately £210 million.
Rent payment service to be made more convenient
One Vision Housing is to pilot a new payment service through Alliance & Leicester Commercial Bank, which will more than double the number of outlets where tenants can make rent payments. The new service, which is available immediately, will mean that tenants will be able to pay their rent at any of the region’s 35 outlets that display the payzone sign, in addition to the 26 Post Offices that currently accept payments.
More good news for borrowers and savers from Nationwide
Following the recent launch of its new Regular Savings Account and highly competitive Fixed Rate Bonds and Fixed Rate ISA Bonds, Nationwide Building Society has today announced a number of further initiatives to reward both loyal borrowers and savers.
Consumer credit is particularly weak
January’s gross mortgage lending was £16.6bn, 15% more than the £14.5bn in January 2006. In line with seasonal patterns, January was well down on December’s £18.1bn, according to the British Bankers’ Association (BBA).
NatWest to boost its mobile bank fleet
NatWest is to boost its mobile banking service in both the North and South of the country with the launch of two new mobile banks in Devon and Cumbria.
Building society lending to housing associations up by 25%
Building society lending to housing associations totalled £2.0 billion in 2006, compared to £1.5 billion in 2005, representing an increase of 25%, according to the Building Societies Association (BSA).
HBOS colleagues to receive £210m
50,000 HBOS colleagues will make total gains of almost £210 million after the maturing of the group's unique free share option plan and sharekicker scheme.
UK’s ‘Best Building Society’ announces record results for 2006
Leeds Building Society, which won the title of ‘Best Building Society’ in Mortgage Magazine’s 2006 awards, today announced record results for 2006.
Alliance and Leicester named Best Business Current Account Provider
Alliance & Leicester Commercial Bank has been voted ‘Best Business Current Account Provider’ by leading independent finance guide Business Moneyfacts for the fifth successive year.
uSwitch.com: Lloyds TSB’s profit announcement
Following Lloyds TSB’s profit announcement totalling £4.2 billion for the group (an 11% increase of £428 million since 2005), Nick White, Director of Financial Services at independent price comparison and switching website uSwitch.com, comments:
Yorkshire Bank celebrates new banking service for Polish workers
Yorkshire Bank celebrated the launch of a new banking service for Polish-speaking customers with a vodka tasting event in Leeds (February 22).