Banking News
Conundrum between quantitative easing and a zero interest rates
Sam Hill, Fixed Interest Fund Manager at Threadneedle, examines the conundrum between quantitative easing and a zero interest rates: "The economic textbooks say that you can control the price of money or the quantity of money but not both.
Don’t get hooked by bank phishing scams
The UK suffered the greatest number of phishing attacks globally last year as criminals used UK banks as bait for unwary consumers.
Yorkshire delivers a solid performance in another turbulent year
Yorkshire Building Society has delivered another solid performance and remains one of the UK's strongest savings institutions in a year of unprecedented turmoil in the financial markets.
Further interest rate cut would be bad news says BSA
A Bank of England decision to cut interest rates again this week would be bad news for almost everyone connected to the savings and mortgage markets, according to the Building Societies Association (BSA).
first direct receives Carbon Trust Standard
first direct has become the first bank to receive the Carbon Trust Standard after reducing its carbon emissions by over 14% which equates to an annual reduction of 1500 tonnes of CO2 from 2007 levels.
The Nottingham delivers robust 2008 financial performance
The Nottingham has reported an operating profit of £4.2 million for the 2008 financial year - and a 4% growth in savings balances, despite the unprecedented turbulence that has beset the UK economy.
Banks should call it a day
David Kuo of The Motley Fool responds to the Court of Appeal decision on bank charges: "The court has ruled that the Office of Fair Trading can proceed with a trial on whether overdraft charges are excessive.
The end of free banking?
Commenting on the High Court ruling over bank charges Kevin Mountford, head of banking at moneysupermarket.com, said: "It will be interesting to see how much reform the OFT will be willing to push for.
Moneyfacts: High Court win for the OFT
Michelle Slade, analyst at Moneyfacts.co.uk, comments: "Current account customers throughout the UK will be cheering the victory of the Office for Fair Trading (OFT) over the banks.
AXA completes strategic alliance with Clydesdale and Yorkshire Banks
AXA Life has completed the agreement announced in November 2008 to form a strategic partnership with Clydesdale and Yorkshire Banks.
Bank charges appeal failure 'a very positive step'
Fairinvestment.co.uk's director James Caldwell comments on the failure of the banks' court appeal over the fairness of bank charges.
Consumers say banks lend irresponsibly
The trust in UK banks has almost completely disappeared with 73% of consumers believing that banks act irresponsibly by lending too much money, according to a recent survey by ASDA.
Britannia maintains financial strength in unprecedented times
Britannia, the UK's second biggest building society, confirmed a resilient performance in 2008 with improved underlying profit underpinned by sustained financial strength.
Leeds Building Society delivers strong results
Leeds Building Society, the UK's seventh largest building society, today announced a strong set of results for 2008 despite the global financial downturn.
Citizens Advice research warns of deepening debt crisis
New research points to a deepening debt crisis in which many people turning to Citizens Advice Bureaux for help have no realistic hope of paying off their debts in their lifetime.