Banking News
Same old hold but consumers need to be wary of inflation
David Kuo, Director at popular financial website The Motley Fool - Fool.co.uk says: "It is no surprise that the Bank of England has kept interest rates on hold. The UK economy continues to stutter under the weight of consumer debt accumulated over the years.
Bank of England maintains interest rates 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 continue with its programme of asset purchases totalling £125 billion financed by the issuance of central bank reserves.
Abbey wins Best Bank in the UK
Euromoney magazine has named Abbey ‘Best Bank in the UK' for the second consecutive year. The Euromoney Awards for Excellence are the benchmark for the financial industry.
We need more common sense not more rules
Commenting on the Government's bank reforms, David Kuo, Director at Fool.co.uk, says: "Today's announcement is nothing more than spray painting a rust-heap.
Government plans for the reform of financial markets
The Chancellor of the Exchequer Alistair Darling has today published 'Reforming Financial Markets', a document setting out the Government's proposals for the reform of the financial system.
Bankers recognise the need for change
Bankers are not complacent and recognise the need for change, the British Bankers' Association said today.
Leeds Building Society donates £9,610 to Marie Curie
Leeds Building Society has made a £9,610.73 donation to Marie Curie Cancer Care, which is one of the Society's partner charities.
Leeds Building Society ‘nets' £2,000 for charity
The Leeds Building Society Wimbledon themed fundraising day was held on Friday 26th June. The event raised £2,000 through a dress down day, quiz and via the sale of raffle tickets and cake.
Banks pledge to build on financial inclusion progress
Britain's banks are committed to building further on progress in improving financial inclusion through the provision of basic bank accounts, the British Bankers' Association said today.
Strengthening the Financial System
The Bank of England is today publishing its bi-annual Financial Stability Report. The Report assesses the current state of the financial system and discusses ways to strengthen the system in the future.
One in five ID fraud victims not reimbursed
Most victims of identity fraud get their money back, but new research from Which? has found that one in five victims has not got the full amount back and in some cases their bank has refused to reimburse them at all.
Nationwide Building Society launches Members' Zone
Nationwide Building Society today announces the launch of its new Members' Zone website - a site created exclusively for all customers of the Nationwide Group.
Charities are struggling because of low interest rates
CAF Bank, the not-for-profit bank run for charities, has published the results of a survey of 280 charities that reveals 42 per cent of charities are struggling to deliver services because of low interest rates.
New online debt management campaign for young people
Young people who have struggled with debt problems and sought advice to overcome them have created two entertaining documentary style short films in a bid help others in the same situation.
West Bromwich Building Society to be rescued
Commenting on reports that the West Bromwich Building Society is to be rescued, Kevin Mountford, head of banking at moneysupermarket.com, said: "If the reports about the West Bromwich Building Society (BS) are true it will be another sad day for the sector.