Banking
UK interest rates kept at 0.5%
The Bank of England's Monetary Policy Committee today voted to maintain UK interest rates at 0.5%.
Transparency of current account costs
Commenting on the Office of Fair Trading's announcement that banks have agreed to make personal current account costs more transparent, Kevin Mountford, head of banking at moneysupermarket.com, said;
Banks to improve current account market
The OFT announced that banks have agreed to make personal current account costs more transparent and the switching process more reliable and trusted.
Tesco move into full service banking
Commenting on Tesco's move into full service banking, Kevin Mountford, head of banking at moneysupermarket.com, said; "We welcome this news and although it had been strongly rumoured it is good to hear it formalized."
Lloyds TSB launches service to protect SMEs against bad debt
Lloyds TSB Commercial Finance has launched a service to help SMEs guard against bad debts, as insolvencies are forecast to reach record highs.
Holidaymakers hoard nearly £1bn in forgotten currency
UK holidaymakers could be sitting on a pot of cash of over £800 million in forgotten foreign currency, the equivalent of over 350,000 return flights to New York or 1.5 million family holidays to Spain.
British businesses bear late payment burden of £30bn
A million plus small and medium sized British businesses have now been hit by late payments – and collectively, they’re owed a staggering £30.4 billion, according to Bacs Payment Schemes Limited (Bacs), the organisation behind Direct Debit and Bacs Direct Credit.
Halifax daily overdraft charging structure
As previously announced in December 2008, Halifax confirms that it will be moving all full facilities current account customers to its new daily overdraft charging structure which is already in place on Halifax's Reward Current Account.
Leeds BS raises £7,000 for three charities
The Leeds Building Society harvest festival themed day raised over £1,000 through a dress down day, quiz and via the sale of raffle tickets and cake.
Pound at 5-month low against US Dollar
The pound is currently headed for a third straight weekly decline against the greenback, as comments from the Bank of England undermine the UK currency.
Leeds BS supports Operation Christmas Child Appeal
Leeds Building Society is delighted to again support the Samaritan's Purse Operations Christmas Child appeal.
Brits discard unspent currency
British holidaymakers are sitting on a pile of unspent foreign currency from their holidays, new research by Santander Cards has revealed.
Mail fraudsters target UK renters
UK renters are falling prey to identity fraud as post is stolen and personal details used for illegal purposes.
A&L and B&B staff receive new uniforms
Alliance & Leicester (A&L) and Bradford & Bingley savings (B&B) branch staff have all received new Santander uniforms this week ahead of adopting the Santander global brand in 2010. Branch staff at Abbey already wear the Santander uniforms.
FairFX.com launches unique business expenses platfom
FairFX, the online foreign currency provider, has announced the launch of its unique business expenses platform, bringing substantially better exchange rates and significant cost savings to the business travel market.