Banking News
FSA warns lenders over liquidity and credit risks
The Financial Services Authority (FSA) today urged lenders to protect themselves against a possible worsening of liquidity and credit risks.
Consumers want whole of market advice
The Association of Independent Financial Advisers (AIFA) has released research highlighting the attitude of IFA clients towards financial advice.
Bank of England must ‘wake up’ and slash rates by 1 per cent
The Bank of England must jettison its usual caution and slash interest rates by 1 per cent to bolster the UK banking system and boost investor confidence, says Argonaut European Income fund manager Oliver Russ.
Customers confidentiality serves public interest best
The banking and building society industry believes a balance must be found between maintaining appropriate customer confidentiality and tracking down people who fail to pay their taxes.
Northern Rock - encouraging new savers, discouraging new borrowers
As the Northern Rock situation continues to dominate much of the media, and with changes across many of their products this week, Moneyfacts.co.uk provides a brief update.
Landmark success for CallMonitor
Just over a year since its launch, 10 major banks and building societies including Lloyds TSB and HBOS are now using Callcredit’s CallMonitor product to keep a constant check on their customers’ creditworthiness.
Banks call for more support on fraud prevention
More needs to be done to fight fraud and defeat money laundering, the British Bankers' Association said today on the second day of its crime prevention conference.
Consumers flock to IFAs for advice over market turbulence
The number of consumers demanding independent financial advice on investment and offshore holdings rose dramatically during the third quarter of 2007, according to figures from Unbiased.co.uk.
Customers heed advice following HMRC data loss
One week on from the announcement regarding the HM Revenue & Customs incident involving the loss of 25 million personal records, APACS, the UK payments association, is pleased to report that YouGov research suggests that the majority of Child Benefit recipients have reacted as advised and have remained calm but are being extra vigilant.
Brits rely on friends and family to choose financial advice
The old saying ‘it’s not what you know, it’s who you know’ still rings true for Brits seeking financial advice. Almost two thirds (63%) of people will trust a person to advise them on financial matters if they come recommended by friends and family.
10,000 teenagers studying personal finance qualifications
Financial education charity, the ifs School of Finance, today confirmed that over 10,000 teenagers are studying one of their GCSE, AS or A level equivalent qualifications in personal finance.
Financial crime must be police priority, says BBA
The Home Office should set a new priority for the police to tackle the financial crime which funds further lawlessness on UK streets, British Bankers’ Association chief executive said today.
Change in regulation to cheque clearance
Commenting on the change in regulation to cheque clearance, Kevin Mountford, head of savings at moneysupermarket.com, said: "While cheque usage is less than half what it was in the 1990s, there are still several million issued each day.
Defaqto calls for a further extension to the Banking Code
The impending changes to the Banking Code address many of the concerns that have been raised in recent times and Defaqto applauds these initiatives.
It’s time for the Government to act over data breach at HMRC
Independent financial website Fool.co.uk is calling on the Government to take decisive action over its self-inflicted fiasco at HMRC.