Banking News
British couples keeping up to £30 billion worth of debt secret
One in five Britons (19 per cent) are keeping their money worries secret from their partners - up to £30 billion worth of hidden debt, according to research by CreditExpert.co.uk.
N&P financial results
Norwich and Peterborough Building Society (N&P) today reported profits that would have been acceptable in current market circumstances, were it not for the Financial Services Compensation Scheme levy by the Government for the failures of Bradford and Bingley plc and certain Icelandic banks.
Skipton’s Group strategy delivers value and profits
Skipton Building Society is citing today's announcement of the mutual's annual results as testament to the strength of its unique Group model.
Nine in ten Brits sleep through money worries
Just 10% of Brits admit to losing sleep over their finances despite the threat of the worst recession in decades. In fact, snoring is a much bigger blight on the nation’s sleep patterns.
Banks refill the finance gap
Banks are supporting individuals and businesses British Bankers' Association Chief Executive Angela Knight said today.
Regulation of comparison sites
Commenting on the announcement that the Comparison Consortium will work with ABI to agree a new industry code of practice for price comparison websites, BIBA Chief Executive, Eric Galbraith, said: "I am not convinced that customers are being treated fairly by some of the comparison websites.
Comparison Consortium works with ABI to agree code of practice
The Comparison Consortium, the trade body established earlier this year to regulate and represent the online price comparison industry, today announced that it will be working with the Association of British Insurers (ABI) to develop a new code of practice for online insurance aggregators.
ING issued a EUR 4 billion guaranteed bond
ING Bank announced that it has placed a 5 year EUR 4 billion government guaranteed senior unsecured bond issue. The issue of EUR 4 billion was done under the Credit Guarantee Scheme of the State of the Netherlands and is part of ING Bank's regular medium-term funding operations.
Credit crunch leads to surge in consumers seeking financial advice
With the UK facing its worst recession since the 1930s, consumer confidence in making financial decisions without expert advice has plummeted.
Consultation on dormant bank accounts launched
The Government has launched a consultation document on secondary legislation to establish a UK dormant accounts scheme.
Banks fritter away their trust fund
Consumers have lost trust in banks, according to new research from Which?. Over a third of people (37%) think that banks can't be trusted to act in the best interests of the UK economy.
Brits disheartend at the prospect of inheriting debt
Over two in three Britons are disheartened at the prospect of inheriting debts from relatives as the reality of the economic downturn hits (68%), but almost a third would also be left fuming if they were not included in their family member’s will (27%), according to new research from Minster Law Solicitors.
Building societies on top for service, value and trust
Savers and borrowers with building societies are more satisfied than customers of other financial service providers, according to research from GfK NOP, published by the Building Societies Association.
Til debt do us part
Over two in three Britons are disheartened at the prospect of inheriting debts from relatives as the reality of the economic downturn hits (68%), but almost a third would also be left fuming if they were not included in their family member’s will (27%), according to new research from Minster Law Solicitors.
Nationwide launches Sustainable Living Programme in schools
Nationwide Building Society this month launches its Sustainable Living programme for schools as part of Nationwide Education, the free online resource for pupils, teachers and parents.