Banking News
Supreme Court rules in favour of high street banks
Commenting on The Supreme Court's ruling in favour of Britain's high street banks on unfair bank charges, Kevin Mountford, head of banking at moneysupermarket.com, said: "There is no doubt that this is a set back for the OFT and for the million or so customers who are trying to reclaim their bank charges.
OFT disappointed by Supreme Court ruling on bank charges
The OFT is disappointed by today's Supreme Court judgment, which overturns previous High Court and Court of Appeal rulings that unarranged overdraft charging terms can be assessed in full for fairness.
Lloyds sets out help available to flood hit homes and businesses
Lloyds Banking Group has set out a series of commitments for flood hit businesses and homeowners.
Overhaul for overdraft charges
Over one million customers are awaiting the outcome of the Supreme Court Case between The Office of Fair Trading (OFT) and the UK's biggest banks over alleged unfair overdraft charges.
Bank charges, ifs buts and maybes
Andrew Hagger of Moneynet.co.uk looks at the possibilities for current account customers ahead of the Supreme Court ruling tomorrow.
Lloyds launches world's largest ever rights issue
This morning Lloyds Banking Group announced that it will be offering its shareholders a 59.5% discount on its shares in a bid to raise £13.5bn in fresh capital.
Borrowers warned over SVR complacency
Standard Variable Rate (SVR) mortgage deals are now charging on average, 4.7 per cent interest; a reduction of just 0.98 per cent in twelve months compared to a 2.5 per cent fall in Base Rate over the same period, according to analysis from moneysupermarket.com.
Banks may face further 8 million bank charges claims
The UK's banks could yet be flooded with another 8 million bank charges claims, says Which?.
Government welcomes approval of Lloyds restructure
The Government has today welcomed the European Commission's state aid approval for the restructuring of Lloyds Banking Group.
Bank charges court result date has been set
The Supreme Court has announced its judgement on the Bank Charges test case will be given at 9.45am at its Parliament Square HQ, London, next Wednesday 25 November 2009.
Santander celebrates five years in the UK
Since Banco Santander acquired Abbey, five years ago this week, former Abbey shareholders have seen their Santander shares rise 61%.
Brits hide debt from loved ones
Almost one quarter (24%) of adults in the UK are hiding some form of debt (be that overdrafts, credit cards, store cards loans etc) from their partner, friends or family according to research by AXA as part of its My Budget Day campaign.
From the credit crunch to the stomach crunch
Hairdressers get the chop as Britons turn to their personal trainers as their confidantes and sources of advice for all things love, life and finance related.
NatWest mobile banking app now available on App Store
NatWest announces the launch of a free mobile banking app on the App Store. The app allows customers to check their account balances, recent transactions and manage their money on the move using iPhone.
Big, broad banks are beautiful
David Kuo, Director at the popular financial website The Motley Fool - Fool.co.uk, says: "We are pleased that Barclays has resumed its dividend. But at just 1p a share, the payout is both insulting and disappointing.