Banking News
Higher interest rates hit lending
Commenting on the mortgage market, Brian Morris, Head of Savings Policy at the BSA (Building Societies Association) said: “The slow start to the summer has continued. Although 2007 started strongly, it seems the impact of successive interest rate rises is now being felt and is affecting affordability.
NatWest announces partnership with PKO Bank Polski
NatWest has announced that it has entered into a partnership with Poland's leading retail bank, PKO Bank Polski ('PKO BP') to bolster its service offering to Polish customers. This partnership is the first of its kind and follows hot on the heels of the launch of NatWest's Welcome Account which was launched in January this year.
RLAM comments on the value of Sterling
Ian Kernohan, Economist at RLAM, comments on Sterling “With the gap between UK and US interest rates set to widen, sterling will take the path of least resistance against the dollar.
Students staying at home to save cash
Students’ financial worries mean that almost a third (31 per cent) of the 446, 765 young people planning to start university this year intend to continue living with their parents, compared to just a fifth last year (22 per cent), according to a new report from Lloyds TSB student banking.
Consumers demand an IFA with incremental qualifications
Statistics out today prove that Unbiased.co.uk, the website promoting the benefits of independent financial advice, was acting on consumer demand when it launched a simple two tier ranking for IFA qualifications/designations last month.
Society makes budgeting simple and free
Yorkshire Building Society has launched a free comprehensive online budget planner for those who want a little help to organise their finances and manage their money.
The Beatles story reveals £500,000 deal with Alliance & Leicester
The Beatles Story, one of Liverpool’s premier tourist attractions, has announced that it has secured funding from Alliance & Leicester Commercial Bank in a £500,000 deal.
Moneyfacts.co.uk launches ethical personal finance section
Barely a day goes by without there being an article or news story focusing on climate change, going green or donating to worthy causes.
Abbey offers business banking switchers eight per cent rate
Abbey Business banking has announced a fantastic new rate for customers that switch to its business current account. Dissatisfied business customers of other banks can benefit from Abbey’s free day-to-day business banking and market leading rate of eight per cent by simply switching their account.
Co-operative turns away over £700m of loans since launch of ethical policy
In the 15 years since the Co-operative Bank launched its famous Ethical Policy, figures released today (16th July) show it has declined loans totalling more than £700m for ethical and ecological reasons.
Banks demonstrate support for small businesses
First quarter figures show a steady level of financial support for small businesses and a growing use of online banking, the BBA reveals today.
Lloyds TSB named Best Bank in the UK
The Euromoney Awards for Excellence – the most prestigious awards in the global banking industry calendar– recognises the achievements of retail and wholesale banks throughout Europe.
Personal finance education should not end at the school gates
David Kuo, Head of Personal Finance at Fool.co.uk, comments on the introduction of personal finance into the Secondary Curriculum: “The inclusion of Personal Finance topics into the new Secondary Curriculum is a long overdue initiative to prepare young adults in our society for the myriad of financial challenges they face.
It all adds up
More than 1700 school children are more prepared for their financial future thanks to Britannia Building Society.
Faster payments service launch to be delayed beyond November
The banking industry today announced an update on its objectives to deliver a new faster payments system in the UK and changes to the cheque clearing processes which will provide certainty and increased transparency for customers accepting cheques.