Banking News
UK March money numbers weak - should QE be expanded?
Henderson New Star’s Simon Ward, says:
Consuming lending down in March
The increase in total net lending to individuals in March (£0.9 billion) was lower than the February increase and below the previous six-month average, according to the Bank of England (BoE).
Supermarkets major threat to banks
Supermarkets such as Tesco, should be in a strong position when they expand their personal finance offerings to include products such as current accounts according to Defaqto's latest report into the banking market.
BBA: Treasury Committee must move beyond blaming
Today's Treasury Committee report on the financial crisis does too little to reflect the work banks are undertaking with the Government to restore the economy, says the British Bankers' Association.
Banks mustn’t be architects of reform, says Which?
As the Treasury Select Committee report, "Banking Crisis: dealing with the failure of the UK banks" is published, Which? personal finance campaigns manager, Doug Taylor, says: "The banks brought about their own downfall so unless we want history to repeat itself, they mustn't be the architects of reform.
Britannia members back merger with The Co-operative
Members of Britannia Building Society have voted overwhelmingly in favour of merging with The Co-operative Financial Services (CFS) to create the first super-mutual - an ethical alternative to shareholder- and Government-owned banks.
Leeds donates high quality garments to Barnardo’s
Leeds Building Society has replaced its corporate uniform to a design that reflects its modern and forward thinking image. The redundant high quality garments from the previous uniform range have been donated to the children's charity Barnardo's.
What a difference a year makes
A year ago moneysupermarket.com launched the weekly credit crunch monitor to track changes in financial products ranges during the credit crunch.
Specialist fraud police unit saves in excess of £315 million
The Dedicated Cheque and Plastic Crime Unit (DCPCU) - the specialist police squad that tackles cheque and card fraud crime in the UK - marks its seventh anniversary (29 April 2009).
Unfair ‘blacklisting’ due to ID fraud set to boom
The number of Brits whose credit rating has been badly damaged by identity theft is likely to almost double within the next five years, according to a new report. This equals 240 people a day being affected by the problem.
Leeds Building Society raises over £10,000 for Comic Relief
Leeds Building Society has raised over £10,000 for Red Nose Day 2009, in a combined effort from Society employees and members.
£1.9 billion of new lending - deposits up 15%
National Australia Bank Group, owner of the Clydesdale and Yorkshire Banks, has released interim results for its UK Region's operations for the six months to 31 March 2009.
Equality Bill: Beware unintended consequences
By trying to ensure that all consumers can choose from the same range of financial products, the new Equality Bill could end up disadvantaging consumers while it aims to promote fairness for all, the British Bankers' Association said today.
Fraud trends and recession go hand in hand
The analysis of fraud trends during the first quarter of 2009 by CIFAS - The UK's Fraud Prevention Service - reveals some particularly alarming patterns.
Banks pledge to work with FSA on Banking Code reform
The latest steps in the regulatory process to pass responsibility for the Banking Code to the Financial Services Authority have the full support of the UK's banks, the British Bankers' Association said today.