Banking News
Big names to give evidence at Future of Banking Commission
Some of the most influential figures in the banking industry have been confirmed as witnesses for the Future of Banking Commission, Which? can reveal.
Yorkshire Building Society members say yes to merger
Yorkshire Building Society saving and borrowing members, like the members of Chelsea Building Society, have voted in favour of the merger between the two societies.
Barclays enhances mobile phone banking service
Barclays has made a further enhancement to its mobile phone banking service which will allow customers to make payments to third parties.
Fair play? Don’t bank on it
The British public's relationship with its banks is at breaking point, research from money.co.uk has suggested.
Chelsea members say yes to merger with the Yorkshire
Chelsea members today voted in favour of a merger with the Yorkshire Building Society at a Special General Meeting in Birmingham.
Building societies triumph again in consistency survey
Building societies have once again dominated the first Moneyfacts consistency survey of 2010, with 72.5% of all accounts listed as performing consistently.
Ignore inflation at your peril
David Kuo, Director at financial website Fool.co.uk, says: "The latest inflation numbers from the Office for National Statistics are worrying.
Skipton opens its doors to people wanting to donate to Haiti
People wanting to donate money to help the estimated three million people affected by the Haiti Earthquake can now do so at their nearest Skipton Building Society branch.
Santander rebrands Abbey and B&B branches
The first official Santander branch in Tottenham Court Road, London will be launched today by Banco Santander Chairman Emilio Botin.
Abbey and B&B savings to be rebranded as Santander
Commenting on the confirmation that 1,000 Abbey and Bradford & Bingley branches will be rebranded to Santander by the end of this month, starting in London on Monday, Kevin Mountford, head of banking at moneysupermarket.com, said:
Virgin bank would offer more choice to consumers, says Which?
As Virgin takes a step closer to joining the retail banking sector by buying Church House Trust, Which? chief executive, Peter Vicary-Smith, says: "Consumers will welcome the prospect of more choice on the high street. There's a definite appetite for switching accounts if people feel they've been badly treated by their bank.
Banks’ New Year’s resolution should be to rebuild trust, say consumers
Over three-quarters of people (77%) say that rebuilding customer trust should be a New Year's resolution for banks, according to new research by Which?
Virgin Money to buy Church House Trust
Commenting on the move by Virgin Money to buy Church House Trust, Kevin Mountford, head of banking at moneysupermarket.com said: "Following a period of mass consolidation in the banking and building society sectors it is great to see a serious player making a move to challenge the big banks.
Virgin Money offer for Church House Trust Plc
The boards of Church House Trust and Virgin Money are pleased to announce that they have reached agreement on the terms of a unanimously recommended offer to be made by Virgin Money to acquire the entire issued and to be issued share capital of Church House Trust.
City analyst says "talk of recovery is far too premature"
The Bank of England has announced they will leave interest rates on hold at 0.5 per cent for the 10th month in a row. The MPC also voted to continue its quantitative easing programme, currently totalling £200 billion.