Banking News
Mortgage and unsecured lending plummets
Just 12 months into the credit crunch and lending in the mortgage and unsecured loan market has fallen at a rapid pace of £2.7 billion a quarter on average over the last year.
Positive turnout for Scarborough AGM
Scarborough Building Society recorded another positive voting turnout for today's Annual General Meeting (AGM).
American Express: Findings from the Which? report
Chris Rolland, Head of American Express Insurance Services commented: "We welcome the findings from the Which? report; its totally right for consumers to be price driven but not to the expense of quality and cover that meets important needs for valuable insurance protection - this is the key issue."
UK money numbers badly distorted by credit crisis
New Star's Simon Ward comments: Broad money supply and credit numbers have been boosted by the financial crisis and the Bank of England's special liquidity scheme (SLS) has increased the distortion.
Coventry Building Society announces excellent half year results
The Coventry, UK building society, has announced its interim results for the six months ended 30 June 2008.
Comparison sites that leave people confused
People shopping online for insurance or other financial products may not always get the best deal if they rely on a single price comparison site, according to research by Which? Money.
Tescocompare.com: Which? report on price comparison sites
Matt Dransfield, Car Insurance Expert at Tescocompare.com responds to the Which? report on price comparison sites: "The Which? investigation highlights some important short-fallings of the three price comparison sites reviewed.
Confused.com: Which? report on price comparison sites
Carlton Hood, CEO of Confused.com, says: "We are surprised by the findings of the Which? report, as Confused.com prides itself on the accuracy of our prices and the transparency of our service.
Gocompare.com: Which? report on price comparison sites
Commenting on findings from Which? Hayley Parsons, chief executive officer of Gocompare.com said: "The Gocompare.com service combines extensive market coverage and a clear display and explanation of the comparison results and features.
moneysupermarket.com: Which? report on price comparison sites
Commenting on findings from Which? into price comparison sites, Stuart Glendinning, managing director of moneysupermarket.com, said: "This is not a comprehensive report from Which? on price comparison sites.
Personal finance literacy worsens amongst British adults
Despite personal finance issues taking centre stage over the past 12 months, the latest research from Abbey Banking has found that financial literacy amongst British adults has in fact declined since this time last year.
HSBC student bursary awards
From 11 August 2008, students will be able to send a short online application of approximately 150 words, explaining why they think they deserve to receive one of the bursaries, which fall under the categories of Science & Engineering, Arts & Humanities, Business & Commerce and a further award for an outstanding application.
Nationwide prepares ground for Irish operation
Nationwide Building Society has announced that it is putting plans in place to operate in the Irish Republic.
New service saves time and stress for victims of identity fraud
Victims of identity fraud will find the task of setting their credit record straight much easier with a new Victims of Fraud service, unveiled by the three leading UK credit reference agencies, CallCredit, Equifax and Experian.
FSA fines Credit Suisse £5.6m
The Financial Services Authority (FSA) has fined the UK operations of Credit Suisse (the subsidiaries) £5.6 million for breaching FSA Principles 2 and 3 by failing to conduct their business with due skill, care and diligence and failing to organise and control their business effectively.