Banking News
Retail banking customers less loyal
Retail banking customers in the UK are notably less loyal to their primary financial institutions than in recent years, due in part to perceptions that banks are more interested in pursuing profits than protecting customer best interests, according to the J.D. Power and Associates 2010 UK Retail Banking Satisfaction StudySM.
Yorkshire Building Society joins the fight against teenage cancer
Every day in the UK, six young people aged 13 to 24 are told they have cancer. This festive season actress Angela Griffin is joining forces with Yorkshire Building Society and Teenage Cancer Trust in a fight to help the 2,100 teenagers diagnosed with cancer every year.
Northern Rock gives sleigh-full of toys to Cash for Kids this Christmas
Northern Rock has donated almost £500 worth of brand new toys to underprivileged children in the region, to help offer them a brighter Yuletide season.
Britain's banks support Children in Need
Banks and branches across the nation are not just collecting and counting the cash for Children in Need but getting in on the action themselves with events and activities nationwide.
Northern Rock helps relaunch vital community facility
An important community service in South Tyneside has begun a new life with a new identity this week following support from Northern Rock plc.
Leeds reopens sterling Covered Bond market
Leeds Building Society has this week successfully raised £250m of 10-year long-term funding through a Covered Bond issue, which is the first money raised by any financial institution through a sterling Covered Bond issue in the UK since June 2007.
Monmouthshire named ‘Best Regional Building Society’
Monmouthshire Building Society, one of Wales’ largest and most successful financial institutions, has won the prestigious ‘Best Regional Building Society’ award at the Mortgage Finance Gazette Awards in London.
Co-operative Bank expands charity operation
The Co-operative Bank has reinforced its commitment to the voluntary sector by expanding its specialist charity and social enterprise operation.
Bank rate held – QE2 yet to sail
Ray Boulger of leading independent mortgage adviser John Charcol comments on the news that the Monetary Policy Committee (MPC) has left Bank Rate unchanged for the 20th consecutive month and is also leaving its Quantitative Easing programme unchanged at £200bn.
UK interest rates remain at 0.5 per cent
The Bank of England's Monetary Policy Committee today voted to maintain interest rates at 0.5%.
HSBC Bank launches new discretionary management service
HSBC Bank this week launches its Premier Investment Management Service; a new discretionary investment management service designed to meet a variety of customer risk appetites and objectives.
Principality continues expansion plan
Wales' largest building society, Principality has announced plans to open its 52nd Principality branch at 1 Monnow Street in Monmouth, creating six new jobs in the area.
Alliance & Leicester rebrands to Santander
Santander has started the rebrand of its Alliance & Leicester branches. The first Alliance & Leicester branch to be renamed Santander, is the Horsefair branch in Leicester City Centre.
'Bank of Friends' lends over £7bn in last 12 months
The effects of the recession have caused a new type of lending to emerge, as people turn to the 'Bank of Friends' to borrow over £7 billion to cover the gaps in their income according to new research from the Post Office.
Fivers - back on track
Following a successful pilot exercise undertaken by HSBC last year, major financial institutions and ATM operators are increasing the number of ATMs that dispense £5 notes.