Banking News
One in four Brits fear Bank of England base rate rises
The Bank of England's Monetary Policy Committee is expected to hold base rate at 0.5 per cent this week, marking 18 months of no change.
Monmouthshire BS unveils 6.5% growth
Monmouthshire Building Society has reinforced its position as one of the strongest institutions in the UK financial services sector, with growth of 6.5% for the year to April, 2010.
Barclays to create new jobs in Glasgow
Plans by Barclays to create up to 600 new jobs in Glasgow reflect the resilience and quality of Scotland's financial services industry, First Minister Alex Salmond said today.
Coventry completes merger with Stroud & Swindon
Coventry Building Society, the UK's 3rd largest building society, has confirmed today that it has completed its merger with Stroud & Swindon Building Society.
HSBC launch Facebook search to find visionary students
HSBC has launched a search to find the UK's most visionary students and is offering them the chance to win one of four £15,000 bursaries.
Adult children bank on retired parents
Retiring parents face increasing financial pressure from adult children, according to new research from Aviva.
Choosing the best student account
moneysupermarket.com urges all students to pay close attention when choosing their bank account as providers will offer a range of tempting incentives to lure them in. Students should not get fooled by the offers and detract from what matters: interest rates and interest-free overdrafts.
Big banks fall short of customer expectations, say Which?
The big high street banks continue to fall short of customers' expectations, with the smaller banks, such as First Direct and Smile, yet again topping the Which? Money People's Choice poll.
Bank base rate increase the only trigger to beat inflation
Inflation figures released today show that the Consumer Price Index (CPI) has fallen to 3.10%, a marginal fall of 0.10% from the previous month but still way above the Government's 2% target.
No such thing as a free bank, says Which?
According to the experts at Which?, low credit interest, high overdraft charges and big fees on spending abroad means that while we may not pay a monthly sum for our current accounts, banking is not free.
HSBC extends opening hours
HSBC is set to make it even easier for customers to do business by increasing the number of branches it opens on a Saturday by over 50 per cent. On top of that it is increasing the number of branches that offer late night opening.
Unchanged bank rate set to continue into next year
Ray Boulger of independent mortgage adviser John Charcol comments on the news that the Monetary Policy Committee (MPC) has left Bank Rate unchanged for the 17th consecutive month and is leaving the Quantitative Easing programme unchanged at £200bn.
FSA fines Royal Bank of Scotland Group £5.6m
The Financial Services Authority (FSA) has fined members of the Royal Bank of Scotland Group (RBSG) £5.6m for failing to have adequate systems and controls in place to prevent breaches of UK financial sanctions.
Student banking top tips
Andrew Hagger of Moneynet.co.uk looks at the student banking offers for 2010/11. The banks may have been through a tough couple of years but they'll still be eager to grab a decent slice of the student banking market this year.
Another step towards independence for Northern Rock
A further milestone in Northern Rock plc's return to independence has been reached today, with notice that HM Treasury's guarantee arrangements in place for the bank's wholesale liabilities will end in three months time.