Banking News
Tesco Bank to create 200 new jobs in Glasgow
Tesco Bank has signed a five year agreement with Vertex, a leading global provider of Customer Management Outsourcing, to support its planned entry into the mortgage market in early summer 2011.
UK interest rates remain on hold at 0.5%
The Bank of England's Monetary Policy Committee has voted to hold interest rates at 0.5% for the 19th consecutive month.
Barclays takes to park benches to talk mobile banking
This week Barclays bank managers will swap their seat in a branch for a seat under a branch as they take to park benches for a series of Barclays mobile banking clinics.
Card, cheque and online banking fraud figures fall
Banking industry initiatives are successfully driving fraud away from customers' cards and bank accounts, according to new figures.
first direct launches Beta Lab scheme
first direct has announced a unique banking initiative that will give customers and members of the public a chance to have their say on how new products and services are developed, and the opportunity to give feedback prior to launch.
Pick up a Penguin book at a Northern Rock branch
Visitors to participating Northern Rock branches will be able to loan a Penguin book from a range of classic titles on display.
Santander to create 400 front-line jobs in the UK
Following significant business growth, Santander UK is to create over 400 jobs in a number of its UK call centres. This is in addition to the 600 branch-based roles it announced in July and follows 3 years of continued and sustainable market share growth, above its stock share, across all areas of the business.
Unsecured bond issue underlines strength of Coventry BS
Coventry Building Society has secured £400 million in long term funding from the financial markets in a deal which shows the continued strength of the UK's third largest building society.
Skipton continues to put its customers first
Skipton has become the only UK building Society to receive official recognition for its commitment to outstanding customer service for a third, consecutive time.
Santander reduces complaints upheld by Financial Ombudsman
The Financial Ombudsman Service (FOS) has released its six-monthly complaints data relating to individual financial businesses, including Santander.
Moody’s confirms Coventry Building Society strength
Coventry Building Society, which has retained "A" ratings from Moody's Investor Service throughout the credit crisis, has had its position as one of the UK's strongest building societies reaffirmed by an assessment issued today by the credit rating agency.
Direct Debit could save Brits £435 each year
With 87% of households paying more than they should for their energy, Bacs has issued a timely reminder showing that Brits could save up to £435 each year, simply by choosing to pay regular household bills, such as energy, internet and telephone, by Direct Debit.
Brits welcome initiative to dispense £5 notes from Cashpoints
A survey of more than 2,000 UK residents has found that over 60 per cent of people would find it useful to be able to withdraw £5 notes from Cashpoint machines, supporting the Bank of England's initiative to increase the number of £5 notes in circulation.
Payments revolution gathers pace as cheque usage plummets
The total value of payments in the UK economy fell 0.6% in the second quarter of 2010, according to the latest data from the Payments Council.
69% think base rate will rise by August 2011
While interest rates are expected to be kept on hold at 0.5% for the 19th consecutive month when the Bank of England's Monetary Policy Committee (MPC) meets on Thursday, more than two thirds of respondents to a Fair Investment Company survey think it will have risen by this time next year.