Banking News
Society hands out birthday gifts
948 charities and good causes have received financial gifts as part of Yorkshire Building Society Charitable Foundation's birthday celebration - Together We Make a Difference Week. In total over £54,000 has been donated to charities and community groups across the country.
Loyalty to your bank will hurt your pocket
Michelle Slade, analyst at Moneyfacts.co.uk, comments: "Many people are loyal to their bank and go to them for everything from their current account to their mortgage and credit card. However, by doing so you could find yourself seriously out of pocket as the big named banks do not tend to have the best rates.
UK rates on hold as Bank of England strikes delicate balance
Commenting on the decision by the Bank of England Monetary Policy Committee (MPC) to keep the UK base rate unchanged, Ted Scott, manager of the F&C UK Growth & Income Fund, commented:
CML: Interest rates held at 5%
CML director general, Michael Coogan said: "The MPC faced a difficult decision today in the face of rising inflationary pressures and a slowing economic outlook.
Bank of England to maintain interest rates at 5 per cent
Commenting on the Bank of England's decision to maintain interest rates at 5 per cent, Louise Cuming, head of mortgages at moneysupermarket.com, said: "Undoubtedly many thousands of homeowners would have been hoping for a cut in base rates today to ease pressure on their mortgage payments.
Hunker down for five years
The Bank of England left interest rates unchanged at 5% today. The decision is not unexpected given that the Monetary Policy Committee is faced with two equally unpleasant options.
Bank of England maintains interest rates at 5%
The Bank of England's Monetary Policy Committee today voted to maintain interest rates at 5%.
Banks act to support customers in home loan difficulty
Banks are acting to support mortgage customers who are finding it difficult to meet their monthly repayments the British Bankers' Association said today.
Financial blunders and successes
Love may be a many-splendored thing, but for some people it is also their biggest financial blunder, according to money website Fool.co.uk.
More Brits banking with one provider to keep things simple
Constantly logging onto different websites and liaising with various call centres to manage their finances has prompted nearly one-in-five Brits, that's 8.7 million, to consolidate all their financial products with one provider, according to new research from Abbey Banking.
OFT launches consultation on irresponsible lending
The OFT has launched a public consultation on the scope of its project looking at irresponsible lending in UK consumer credit markets.
Educate to reduce insolvencies urges ifs School of Finance
Financial education charity the ifs School of Finance, has warned that there will continue to be high levels of insolvency whilst so many people lack basic skills in personal financial management.
We're all culpable for the credit crunch
Two in seven people (29%) believe banks are responsible for today's financial mess according to a new study by money website Fool.co.uk. Almost everyone (94%) says they have had their credit limits raised without even being asked.
Skipton reports resilient business performance
Skipton Building Society Group's half-year results, to 30 June 2008, show the Society and its 19 subsidiaries giving a resilient performance against difficult trading conditions.
Increasing fear of identity theft rife amongst Brits
At a time when up to 3,000 blank passports and visas have been stolen from a van in Manchester worth around £2.5 million recent research from American Express Insurance Services reveals that identity theft is now the nation's top security fear.