Banking News
Northern Rock takes another step towards independence
An important milestone has been reached in Northern Rock's return to independent, commercial strength with notice given today for the end of the special guarantee for the bank's retail deposits.
Citizens Advice Bureaux helps record numbers with debt problems
The continuing impact of the recession is driving record numbers of people to seek help from Citizens Advice Bureaux with debt, benefit, employment and housing problems.
Saturday 20th February marks this year's Debt Freedom Day
Saturday 20th February marks this year's Debt Freedom Day, according to new research by Unbiased.co.uk, the professional advice website.
Let's celebrate Barclays results
David Kuo, Director of financial website The Motley Fool - Fool.co.uk, says: "We should be celebrating Barclays results today, not nitpicking at the bonus that it is paying to staff.
Barclays kicks off banking season with 92% rise in profits
Barclays kicked off the banking season by announcing a 92 per cent rise in full-year profits to £11.6bn. Nick Raynor, investment adviser at The Share Centre, comments on the bank's results and explains what they mean to investors.
Finders keepers society grows as people still feel the pinch
Millions of cash-strapped Britons are continuing to be a nation of ‘finders keepers' when it comes to stumbling upon a ‘windfall' on the street, according to research from Santander Current Accounts.
Fighting fraud - Keeping safe
Customers can help themselves from falling victim to fraud by following some simple step-by-step rules, the British Bankers' Association (BBA) said today.
Saga generation overwhelmingly support a special levy on banks
The Saga generation would support a special banking levy to help the taxpayer recoup some of the money spend on supporting the banks.An overwhelming 85% of the 15,688 respondents to a recent Saga Populus Panel survey said they would support a levy on banks similar to that recently announced by U.S. President Obama.
It’s every man for himself now
The Bank of England has revised down its growth forecast for this year and sounded a cautious note on inflation. Growth in 2011 is likely to be 3.2% rather than 4% and inflation is likely to peak at about 3.3.
Better news for building societies
Andrew Hagger of Moneynet.co.uk comments on the news that the Northern Rock 100% savings guarantee is expected to be lifted.
Nationwide wins responsible lender award
Nationwide Building Society has been judged the winner of The Most Responsible Credit Card Lending Practices Award for the third year in a row at The Card Awards.
Barclays unveil new design for Barclays.co.uk website
The site has had a full makeover with clearer screens, simpler navigation and new features. The new look is in line with the same theme and design used on the online banking site relaunched in July last year.
Job seekers go online to get in-line for new Tesco Bank Career
Tesco Bank unveils new jobs website as it steps up its local recruitment. Tesco Bank has launched a new, user-friendly, careers website as it recruits over 1,800 new roles at customer service centres opening this year in Newcastle and Glasgow.
UK interest rates held at 0.5%
The Bank of England's Monetary Policy Committee today voted to maintain interest rates at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
Skipton and Legal & General to enter distribution agreement
Skipton Building Society and Legal & General have today announced that they have entered a joint distribution agreement for the supply of protection products.