Banking News

Cheshire Building Society announce 2007 results

Cheshire Building Society has announced annual results for the financial year ended 31st December 2007.

Skipton’s lending thrives despite market uncertainty

The announcement today of the Skipton Building Society Group’s annual results for 2007 shows the mutual and its 19 subsidiaries delivered a strong lending performance, despite a turbulent market.

Safety tips for cheque users

The Cheque and Credit Clearing Company (C& CCC) and APACS, the UK payments association, has today (26 February 2008) issued a new advice guide for consumers on how to write and receive cheques safely.

China’s currency sprints into the fast lane

Rocketing demand for the Chinese yuan suggests that China may be making the leap from a niche to a mainstream holiday destination, according to Post Office Travel Services.

Newcastle Building Society announces financial results

Commenting on the results, Chief Executive, Colin Seccombe said: “I am delighted to report very strong results for 2007.

Nielsen rate online payment provider PayPal as number one

PayPal, the secure online payment provider has confirmed its position as the UK's most popular online payment service.

Record savings inflow as investors seek security and value

Leeds Building Society has announced record results for 2007 against a background of unprecedented turbulence in the financial services sector.

N&P results out-perform market

Norwich and Peterborough Building Society (N& P) reported another good year in 2007 and a healthy financial position – strong profits, comfortable liquidity, very low credit losses and ample capital strength. These features will be important in the uncertain economic environment of 2008.

Base rate – two weeks on

Michelle Slade, analyst at Moneyfacts.co.uk comments on the changes in the mortgage and savings market since the 0.25% base rate cut on 7 February.

Continue to Fight the Freeze with the Snowman Appeal

Cheshire Building Society is supporting Age Concern’s Snowman Appeal throughout February in aid of its “Fight the Freeze” campaign.

APACS, AIC & FLA back unique new programme in personal finance

The ifsSchool of Finance is the only provider of GCSE, AS & A level equivalent qualifications in personal finance. More than 10,000 14-19 year olds are currently studying for one of these qualifications.

Scope for interest rate cuts limited by falling value of the pound

James Carrick, Investment Strategist at Legal & General Investment Management said in today’s Fundamentals briefing that although the Federal Reserve has been cutting interest rates aggressively, the weakness of the pound may mean that there are fewer cuts in the UK than some commentators are predicting.