Banking News
Six things to do if the base rate goes up (or even if it doesn’t)
Borrowers bracing themselves for a base rate hike can take steps to survive the impending increase.
Predicted rate rise pushes pound to 26-year high
Chris Towner, Senior Economist at independent currency experts HiFX comments,“Last week, a rise in the Bank of England Base Rate was a near certainty, with the markets having already priced in at least one more this year.
Smile - divorce is more popular than switching banks
It seems that celebrity divorces are just as popular as celebrity weddings this summer.
Responsible lending code should apply to all
Lenders who offer loan deals to customers outside the banking system should be brought into line with the banking industry’s code on responsible lending, the British Bankers’ Association said today.
Halifax pledges £100,000
Halifax announces it is making a donation of £100,000 to charities and other bodies to help people affected by the recent floods in Yorkshire and the Midlands.
Cater Allen exceeds £5 billion deposits
Cater Allen’s deposits have exceeded £5 billion for the first time since it was founded in 1816 in Blackburn.
Nationwide calls on Alistair Darling to take action as Chancellor
Following his appointment to Chancellor, Nationwide Building Society calls on Alistair Darling to help hard-pressed homebuyers and savers.
The Co-operative group pays £19.6m in share of profits
Members of The Co-operative Group are set to receive a share of profit payment totalling £19.6m for their trade in 2006 it was revealed today (28 June).
Banks call for clearer advice & risk based regulation
Customers looking to invest will get clearer and more focused advice and information if proposals from the British Bankers' Association are adopted by the Financial Services Authority.
Friends Reunited takes on Paypal
Friends Reunited, the website which enables people to find their old friends from school, university work and the armed forces, today announced that it's linking up with PayPal to offer an additional way for members to securely pay their member fees.
10-minute snapshot of UK banking
Every 10 minutes UK banks pay out more than £3 million through cash machines, the British Bankers’ Association shows in its latest annual statistics.
uSwitch.com: Abbey's market-leading 8% current account
Following the launch of Abbey’s market-leading 8% AER current account, Mike Naylor, Personal Finance Expert at independent online price comparison and switching service uSwitch.com, warns consumers not to be lured in by limited offers:
Abbey comment on the pound breaking through the $2 barrier
Comment from Abbey's Chief Economist, Barry Naisbitt: "Today the pound has again broken through the $2 dollar barrier. Having passed through $2 in late May for the first time in over a decade, the pound then retreated again but stayed over $1.90.
Sainsbury's warns against letting 'money fear' take grip
Around 6% of the adult population, suffer from ‘Money Fear', a condition that sees many purposefully ignore the state of their finances, according to research from Sainsbury's Bank.
Surplus of new five pound notes
BBA responds to Bank of England on distribution of new five pound notes.