Banking News
Merger of Yorkshire and Barnsley Building Societies
Commenting on the merger of Yorkshire and Barnsley Building Societies, Kevin Mountford, head of banking at moneysupermarket.com, said:
Yorkshire Building Society to merge with Barnsley Building Society
The Boards of Yorkshire Building Society and Barnsley Building Society have announced that they have agreed heads of terms for a merger.
‘Where is the consumer bail-out?’ asks Which?
Now is the time for banks to help out consumers and for the Government to ensure that the banks are putting consumers at the heart of their business, says Which? as it launches a major new campaign to reform banking.
UK recapitalisation scheme to curb broad money
New Star's Simon Ward, says: The UK's bank recapitalisation plan is unlikely to lead to a near-term revival in credit and money growth. Indeed, the initial impact of the scheme will be to reduce the broad money supply M4, implying a need for offsetting monetary easing measures, including interest rate cuts.
Broke Britain, not broken Britain
A heavily-regulated and outdated financial establishment has left young adults most at risk in any recession, argues a new report from the independent think tank Reform and the Chartered Insurance Institute (CII).
Hinckley and Rugby is latest mutual partnership for SFS
Skipton Financial Services (SFS), the wholly-owned financial advice subsidiary of Skipton Building Society, has announced a new service with Hinckley and Rugby Building Society.
Expectant parents to receive free financial guide from the FSA
As Parents' Week gets under way, the Financial Services Authority (FSA) has begun the UK-wide distribution of the Parent's Guide to Money, its practical and impartial resource for expectant parents designed to answer questions about their changing financial circumstances and to help them prepare for parenthood.
CreditExpert helps consumers tackle credit crunch online
CreditExpert, the online credit monitoring and identity fraud protection service from Experian, has rolled-out a dynamic web self-service technology to help customers immediately locate information on its website. Transversal's (transversal.com)
Catholic Building Society members approve merger with Chelsea
Catholic Building Society held a Special General Meeting (SGM) where its shareholding and borrowing members showed their approval for the proposed merger with Chelsea Building Society.
Penal conditions risk success of UK rescue plan, says New Star
New Star's chief economist Simon Ward, writes: Can you rescue and punish failing banks at the same time? I doubt it, which is why I am less optimistic about the success of the UK banking rescue plan than its US counterpart.
Celebrate owning ‘your bank'
The talk this week might have been about taxpayers becoming owners of banks but according to Mark Lyonette, Chief Executive of ABCUL - the Association of British Credit Unions, this week's International Credit Union Day (16 October) is the perfect opportunity to celebrate the success of the credit union sector.
Lenders reject 5 million loan and credit card applications
Almost five million product applications from people seeking new credit cards or personal loans have been rejected by lenders in the past six months, according to research by MoneyExpert.com.
first direct is the UK’s Top Call Centre for customer service
first direct has come first in the latest research from the Top 50 Call Centres for Customer Service. The direct bank scored 92% in the UK's biggest ever call centre benchmarking exercise, conducted by independent market research company GfK NOP. The overall Top 50 average was 83%.
Super League Trophy comes to Leeds Building Society
The biggest trophy in domestic Rugby League, the Engage Super League trophy, was on display at the Leeds Building Society Head Office Branch on Thursday 9th October.
Is the UK's guarantee scheme too expensive?
New Star's chief economist Simon Ward, comments: The UK's credit guarantee scheme is designed to unclog markets rather than offer banks cheap funding.