Banking News
Identity fraud casts a long shadow
The UK’s third National Identity Fraud Prevention Week begins on 8 October. Peter Hurst, Chief Executive of CIFAS – The UK’s Fraud Prevention Service (which is supporting the campaign) comments “No-one should be complacent about identity fraud. The effect on victims can be devastating.
HBOS pays £128m in dividends to UK shareholders
The UK economy will today (Monday 8th October) enjoy a £128.4 million boost as 2.1 million HBOS private shareholders receive their interim dividends.
CML responds to rate hold decision - expect a cut in November
Responding to today's MPC decision to hold interest rates at 5.75%, the Council of Mortgage Lenders says that the hold was widely expected but that a cut in November remains the most likely prospect.
Rate stability much needed
The National Association of Estate Agents (NAEA) has welcomed the Monetary Policy Committee’s decision to leave interest rates at 5.75% this month.
Will Bank Rate fall next month?
“The minutes of today’s meeting will be particularly eagerly awaited, for a clue to next month’s decision” says Ray Boulger of leading independent mortgage adviser, John Charcol.
Fool.co.uk: Bank of England’s interest-rate decision
David Kuo, Head of Personal Finance at Fool.co.uk, says: “We are not surprised that the Monetary Policy Committee has chosen to sit on the fence regarding interest rates this month.
Nationwide: Improve ISAs, children's savings and housing affordability
Nationwide Building Society, ahead of the Pre-Budget Report which is expected next week, has called on the Chancellor to make changes and improve the ISA system, children's savings and housing affordability.
UK interest rates held at 5.75%
The Bank of England’s Monetary Policy Committee today voted to maintain interest rates at 5.75%.
Fair Investment Company: unfair bank charges
James Caldwell, Director of Fair investment Company, comments on MoneySavingExpert.com’s findings regarding the OFT vs the banks:
Bank of Scotland launches Total Business Account
Bank of Scotland Business Banking is the first British bank to bring consumer pricing to the business banking market by launching an account offering base rate (5.90% AER) on credit balances – almost double the interest paid out by the Big Four banks.
Lloyds TSB comments in advance of base rate decision
Commenting in advance of this week’s Bank of England Monetary Policy Committee (MPC) base rate decision, Trevor Williams, chief economist, Lloyds TSB Corporate Markets said:
OFT must go to court to ‘clarify’ bank charges
Bank customers are demanding the Office of Fair Trading to press ahead with its court case on ‘unfair’ charges, new research from MoneyExpert.com finds.
Financial advice offering grows with acquisition by Skipton
Skipton Building Society has announced that it has acquired a 75% shareholding in Parnell Fisher Child (PFC) through its parent company, Wooljon Ltd.
AIFA: Which? survey of Financial Advisers
The Association of Independent Financial Advisers (AIFA) has responded to the annual Which? survey of financial advisers.
Brits stash £4.6 billion at home
Brits have a staggering £4.6 billion of cash lying around in their homes, according to a shocking new survey.