Banking News
UK interest rates held 0.5 per cent
The Bank of England's Monetary Policy Committee today voted to maintain UK interest rates at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £200 billion financed by the issuance of central bank reserves.
Super tax on banker’s bonuses unjustified, says CISI survey
Sixty-one per cent of financial services practitioners believe the super tax on bankers' bonuses imposed by Chancellor Alistair Darling is unjustified, a survey by the Chartered Institute for Securities & Investment (CISI) shows.
Banks push to become one-stop shops
Banks are increasingly focussing their sales efforts on their existing customers as they seek to cater for all their customers' financial needs.
Santander says adios to Spanish ATM charges
Following the announcement of the Zero Current Account in November 2009, Santander is today announcing another initiative aimed at rewarding loyalty amongst its existing customers.
Building society lending steady in November
Gross mortgage lending by building societies was £1.6 billion in November, compared to £1.7 billion in October.
Mortgage lending up in November
Total net lending to individuals rose by £1.1 billion in November, according to figures from the Bank of England. The twelve-month growth rate remained at 0.7%. The three-month annualised growth rate was 0.6%, unchanged from a revised 0.6% for October.
Post Office installs 2,000th free ATM
The Post Office has announced the installation of the 2000th ATM across its network through its contract with Bank of Ireland, placing the network in the UK's top ten providers of fee free ATMs. The milestone ATM is located at Thornaby Post Office, 10 St Peters House, Thornaby, Stockton-on-Tees, TS17 9FF.
Ethical sales grow 3-fold in decade
Expenditure on ethical goods and services has grown almost three-fold in the past 10 years according to The Co-operative Bank's Ethical Consumerism Report.
Over half of Brits believe recession will last for most of 2010
Public opinion of the country's economic outlook is as bleak as our current weather, according to new research by Gocompare.com.
Health and finances top the Nation’s New Year’s resolutions
More than 27 million people plan to make New Year's resolutions and losing weight, taking more exercise and sorting out the finances top the Nation's to-do list, according to new research by Gocompare.com.
Mortgage lending in November holds up
While mortgage lending continued to hold-up in November unsecured loans to consumers dropped further while personal deposits increased by less than in recent months, according to the British Bankers Association (BBA).
Get ready for Cash-mas Day
Wednesday 23rd December looks set to be the busiest day on record for Christmas cash spenders, according to figures from Tesco Bank.
Experts predict year ahead in personal finance
The past 12 months have been extremely turbulent in the world of personal finance and with 2010 just around the corner, moneysupermarket.com's experts offer their predictions for utilities, mobiles, broadband, insurance and money.
Consumers are confused, says Which?
As the Office of Fair Trading (OFT) announces that it will not continue its legal challenge of the fairness of bank charges, Which? chief executive, Peter Vicary-Smith, says: "Consumers have been left confused by this decision.
OFT decision to drop bank charges case
Commenting on the announcement by the OFT that it is to end its investigation of bank charges, Kevin Mountford, head of banking at moneysupermarket.com said: "There's a sense of inevitability about this climb down by the OFT after it lost in the Supreme Court last month.