Banking News
Credit crunch stirs arguments among British couples
The economic crisis is having an effect on British relationships with almost a third (32%) of couples admitting to arguing more this year, mainly about money and household chores.
Lloyds urges customers to be on alert for new internet scams
Lloyds Banking Group is urging its customers to remain on guard against internet scams, following the launch of the combined Group.
Base rate cut makes things worse, says the nation
For every person benefitting from the Bank of England's decision to cut interest rates, three people will be worse off.
Barclays helps customers with lower interest rates
On the back of its Barclaycard announcement yesterday, which gives additional support to UK credit card customers, Barclays today announced cuts in its mortgage and small business interest rates, making repayments more affordable for borrowing customers in the UK.
Cut taxes not rates
David Kuo, financial expert at The Motley Fool responds to the Bank of England interest-rate decision: "The Bank of England has now cut interest rates by four percentage points since October, yet the economy continues to shrink.
Moneyextra.com: Interest rate cut
Following today's interest rate cut, Richard Mason, Managing Director of Moneyextra.com, comments: "Today's further cut in interest rates marks a new low for millions of savers around the country - such small returns on savings is unprecedented and savers need to start looking elsewhere to find a decent return on their investment.
Bank of England decision offers little help to borrowers or savers
The Building Societies Association (BSA) has criticised the decision by the Bank of England to cut the base rate by 50 basis points to 1%, saying that it will harm both savers and borrowers.
Interest rate cut of 0.5% - 'More needs to be done'
Director at Fairinvestment.co.uk, James Caldwell comments on the Bank of England's decision to cut the base rate by a further 0.5 per cent - to the lowest level since the Bank was formed in 1694.
UK interest rates cut to 1%
The Bank of England's Monetary Policy Committee today voted to reduce interest rates by 0.5 percentage points to 1.0%.
Banks must come clean on assets before creation of bad bank
Commenting on reports that the Government is considering creating a ‘bad bank' to take assets from the British banks, Liberal Democrat Shadow Chancellor Vince Cable said: "Before a bad bank can become viable, the banks must first come clean on the value of their assets.
Further rate cuts will damage savers and new borrowers
The Building Societies Association has today called for the Bank of England not to cut the base rate further on Thursday.
The Co-operative Bank unveils radical new Ethical Policy
The value of business turned away since launching its ethical stance in 1992 has now passed the £1 billion mark; however, over the same period, the Bank's total commercial lending has grown from £571 million in 1992 to £4.4 billion in 2008, an average of 14% per annum.
The Co-operative Bank and smile top on customer satisfaction
The first annual People's Choice report from Which? Money has revealed that The Co-operative Bank and smile are among the top three overall winners when it comes to customer satisfaction.
Nationwide announces new savings and banking rates
Nationwide Building Society has announced details of its new savings and banking rates, which come into effect on Sunday 1 February 2009.
Unbiased.co.uk re-launches as ‘the professional advice website'
Unbiased.co.uk has re-launched as ‘the professional advice website', bringing together its hugely popular ‘Find an independent financial adviser' (IFA) and ‘Find a mortgage adviser' online searches plus a soon-to-launch ‘Find a solicitor' search, all on one portal.