Banking News
Slippers a few quid for Stress Down Day
Employees at Northern Rock swapped their shoes for slippers in a day which raised another £4,000 for Samaritans on its annual fixture in the fundraising calendar, Stress Down Day.
MPC postpone tackling rising inflation amidst renewed weakness
As expected, the Bank of England left interest rates unchanged at its monthly policy meeting today but it was a less straightforward call than usual.
Bank of England hold firm on interest rates
The Bank of England left rates on hold at 0.5% today for a 23rd consecutive month despite consumer price inflation rising at almost twice the pace of the Bank's 2% target.
10 million Brits can’t find a reason to recommend their bank
As the nation's biggest banks are busy sharing their latest profit reports with the City, research from Triodos Bank reveals that over 10 million bank customers (21% of the adult population) cannot find a single reason to recommend their bank to someone else.
Customers need simplified advice, BBA tells regulator
Regulatory proposals to reform the financial advice regime need to provide a way for mass market customers to get the advice they need, the British Bankers' Association has told the Financial Services Authority.
Northern Rock launches new customer brand campaign
Northern Rock plc has today launched a new brand campaign, ‘Northern Rock. Works for me’. The new campaign has been created following extensive research by Northern Rock into what its customers think about the Company, banking in general and how things can be improved on an everyday basis.
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%.