Banking News
Northern Rock PLC deposits
HM Treasury has confirmed that the guarantee arrangements for existing deposits in Northern Rock PLC would cover all accounts existing at midnight on Wednesday 19 September.
Halifax launches first multi-currency ATMs
Halifax today announces the launch of multi-currency ATMs that will allow customers in the UK to withdraw euros and US dollars.
Rewarding bad behaviour - Northern Rock
Jenny Challenor, Mortgage Strategist at Torquil Clark said: Should Chancellor Alistair Darling be offering to bail out Northern Rock, pledging the Bank of England would guarantee all existing deposits? No, I don't think he should.
Parents pay price for kids in debt
As many as 7.5 million parents have had to help adult children pay off their debts with the average family forking out £2,540 on behalf of their kids, according to new research by MoneyExpert.com.
Nationwide expands its UK call centre operation
Nationwide Building Society has announced its intention to expand its UK call centre operation.
Fool.co.uk: Statement by the Chancellor of the Exchequer on financial markets
David Kuo, Head of Personal Finance at Fool.co.uk, says: “We welcome HM Treasury’s announcement to safeguard all existing deposits at Northern Rock during the current troubles in the banking sector.
Enduring power of attorney change will cost Brits an extra £7bn
From 1 October significant changes are being introduced to the Enduring Power of Attorney (EPA), meaning that the cost of implementing this document through a high street solicitor will rise to around £350 from around £110.
New Government financial guidance service for North West
From today, residents in the North West of England will be able to obtain impartial financial information and guidance either over the phone, face-to-face or via the web, thanks to a three-month government-funded trial.
FSA: Northern Rock and market conditions
Commenting on the statement made by the tripartite authorities this morning in relation to Northern Rock, the chairman of the FSA, Callum McCarthy, said: "The FSA's judgement on Northern Rock is that we believe it is solvent, meets all capital requirements and has a good quality loan book.
Liquidity support facility for Northern Rock
The Chancellor of the Exchequer has today authorised the Bank of England to provide a liquidity support facility to Northern Rock against appropriate collateral and at an interest rate premium.
Northern Rock - no reason to worry
The British Bankers' Association said: The Northern Rock is a sound and safe bank and there is absolutely no reason for either mortgage customers or savers to worry.
More mobiles than people in Britain today
There are now more mobile phones than people in the UK, according to research released by first direct. The country’s 45 million adults share almost 70 million mobile SIM cards (phone numbers) and over 71 million handsets - an average of 1.6 mobiles per adult in the UK today.
Bank of England's emergency funding to Northern Rock
Commenting on the Bank of England’s move to give emergency funding to Northern Rock, Kevin Mountford, head of savings at moneysupermarket.com, said: “This is not a time for savers to panic and withdraw their cash from Northern Rock.
Co-operative Bank donates over £2m to Amnesty International
Amnesty International has received a record £2 million from caring Co-operative Bank customers.
Chelsea strong in current market conditions
Chelsea is one of the most efficient building societies in the country and hugely successful at what we do, lending safely and providing a secure home for people’s savings.