Banking News

Savers can relax, but now its all eyes on the MPC

Kevin Mountford, head of savings at moneysupermarket.com commented: "I think that UK savers can now relax.

British Bankers' Association welcomes government action

The British Bankers' Association welcomes government action that, in these extraordinary circumstances, are providing additional capital for banks and assistance to get lending started again.

CML welcomes Government action

The Council of Mortgage Lenders welcomes the measures announced by the Government, following consultation with the Bank of England and the FSA...

Financial support to the banking industry

After consultation with the Bank of England and the Financial Services Authority, the Government announces that it is bringing forward specific and comprehensive measures to ensure the stability of the financial system and to protect ordinary savers, depositors, businesses and borrowers.

Barclays to open new flagship bank branch at Piccadilly Circus

Barclays is to open a new flagship branch at Piccadilly Circus in London's West End. The three-storey building - formerly occupied by Burger King - covers more than 10,000 square feet adjacent to the world famous Piccadilly lights.

Confusion relating to financial compensation schemes

Commenting on the confusion relating to financial compensation schemes, Tim Newhouse, from price comparison site moneysupermarket.com, said: "No wonder there is uncertainty and a lack of confidence relating to all things financial at the moment.

Skipton first to retain Customer First Standard

Skipton Building Society has become the first UK financial services company to retain the national customer service standard, Putting The Customer First.

Brits more concerned about identity fraud

Over 50% of Brits are more concerned about ID fraud now than they were 12 months ago, according to research by credit report provider Callcredit.

Changing fraud trends

As the credit crunch makes getting new borrowing more difficult, fraudsters are changing their way of operating.

Careless businesses driving public fear of fraud

Organisations must urgently address rising fears that they are not adequately protecting their customers' personal information, according to research from RSA.

Identity Fraud: More than just a financial cost

Kate Beddington-Brown, Head of Communications for CIFAS - The UK's Fraud Prevention Service comments: "Identity fraud is a crime with a high profile, and no wonder. With CIFAS Members identifying 65,043 victims in 2007, most individuals know someone who has been affected.

moneysupermarket.com: UK compensation limit for savings

Commenting on the increase in the UK compensation limit for savings, Kevin Mountford, head of savings at moneysupermarket.com, said: “Confirmation that the UK compensation limit for savings will increase from £35,000 to £50,000 as of next Tuesday is a case of better late than never.