Banking News
Lloyds TSB overdraft fees reduced
Lloyds TSB is introducing a new overdraft fee structure for all of its existing and new personal current account customers from 2 December.
A charitable result for The Tipton
Whilst the outcome of the World Cup games, so far, haven’t been what Capello’s boys had hoped for, one result that has scored highly in the West Midlands is The Tipton’s latest round of Charitable Foundation donations which has seen eight local causes collectively net £8,320.
Struggling debtors risk snowballing debts
More than four in ten (44%) individuals who freely admit to struggling with their debt have not sought advice because they do not believe that their problem is big enough to need help, according to research commissioned by R3, the insolvency trade body.
Government must stop banks overcharging shops and customers
As part of its promised clampdown on irresponsible banking behaviour, the new Government should intervene to cut the excessive charges banks levy on retailers for accepting plastic, said the British Retail Consortium (BRC).
Inflation falling a double edge sword for savers
The announcement by the Bank of England that inflation has fallen during May, with the Consumer Price Index (CPI) down to 3.40 per cent, gives Britain's beleaguered savers some short term relief, but the forecast for the longer term looks bleak, according to moneysupermarket.com.
Customers help RBS and NatWest launch Customer Charter
NatWest and RBS have launched a Customer Charter created for and by customers. The Charter sets out the things that really matter to customers and what they have a right to expect from the Bank. The Bank is committed to making these things real in its aim to become Britain's most helpful Bank.
UK interest rates held at 0.5%
The Bank of England's Monetary Policy Committee has voted to maintain interest rates at 0.5%.
Summer savings from Tesco Bank
Tesco Bank has launched its latest Summer offers across its products:
Co-operative Financial Services world's most sustainable bank
The Co-operative Financial Services (CFS) has won the prestigious FT Sustainable Bank of the Year award, beating runner-up HSBC and 110 other financial institutions from 44 countries in the process.
Savings balances increase at mutuals in April
Balances held in savings accounts at mutual institutions increased by £929 million in April compared to an increase of £534 million in March. After interest credited to accounts is excluded, mutuals had a net receipt of £537 million in April.
Completion of Skipton Chesham merger
Today saw the coming together of two of the UK's longest-established building societies, as the merger of Skipton and Chesham went ahead.
Allianz Corporate Partner secures First Direct account
Allianz Corporate Partner has secured a three-year deal with First Direct, part of HSBC Group, to provide mobile phone insurance for First Direct's 70,000 account holders as of 1st June 2010.
Co-operative Bank commits £200m to renewable energy finance
The Co-operative Bank has reinforced its position as a leading provider of renewable energy finance by committing to lend £200m to the sector in 2010.
Metro Bank - new kids on the high street banking block
For the first time in over 150 years a new high street bank - Metro Bank - will be opening its doors to customers. Under the slogan ‘Love Your Bank' it will be hoping to entice people away from the traditional banks.
Clydesdale Bank scoops Banknote Oscars
Clydesdale Bank's new series of banknotes won the ‘Best New Banknote Series' and ‘Best Public Education Programme' awards at the 2010 International Association of Currency Affairs Conference.