Banking
UK retirees hit hard by the pound's fall in value
Sterling's fall in value has caused serious problems for people who spend part of their time abroad, own property abroad, or who need to send to transfer money regularly overseas. Worth just €1.08 on Friday, the lowest level in five months, Sterling has devalued 26% since August 2007.
Sterling recovery and winter sun deals boost long haul prospects
The Far East looks unbeatable value for winter sun trips according to the latest annual Long Haul Holiday Report from Post Office Travel Services.
New Guaranteed Return Account from Skipton International
Skipton International Limited, the new Guernsey bank created on 28 September 2009 following the amalgamation of Skipton Guernsey and Scarborough Channel Islands, has launched a new fixed return account paying 3.00% gross/AER on deposits of over £100,000.
Skipton International Limited launched
A new and enlarged bank was launched in Guernsey on 28 September 2009, following the amalgamation of Skipton Guernsey Ltd and Scarborough Channel Islands Ltd. The launch follows the merger in the UK of the Skipton and Scarborough Building Societies on 30 March 2009.
New Abbey International Premium Notice Accounts
Abbey International has launched a new range of Premium Notice accounts designed for clients who can specify notice requirements for cash withdrawals and as a result, can benefit from higher interest returns.
Lloyds TSB supports students affected by loans delays
Lloyds TSB has announced that it would offer its student account holders, starting University this autumn, an increase to their interest-free overdraft while the Student Loans Company processes a backlog of applications for grants and loans.
Government should remutualise Northern Rock
A new report published for the Building Societies Association (BSA) reveals a strong case for converting failed banks into mutual organisations. In light of the report, the BSA urges the Government to consider seriously returning Northern Rock bank to the mutual sector.
Aussie Dollar to hit parity with US Dollar, predicts analyst
The Australian dollar is on track to achieve parity with the US Dollar in 2010, according to city analyst Duncan Higgins, of currency broker Caxton FX.
The Cheque Guarantee Card Scheme to close 30 June 2011
Today the 24 bank and building society members of the UK Domestic Cheque Guarantee Card Scheme have announced that the Scheme will close on 30th June 2011, meaning that it will no longer be possible to guarantee a cheque under the Scheme after this date.
The collapse of sterling
Peter S Ellis, CEO, Foreign Currency Direct: Markets are created by opposing views of buyers and sellers, now for the first time in a long time they all seem to agree. When that happens you can expect seismic shifts in currency values and fortunes to be made and lost.
HSBC Student Bursary Awards - Last chance to apply
HSBC is providing £120,000 in university bursaries to help four promising students realise their potential and make the most of their time at university.
Dollar takes a dive against euro
With the US Dollar falling to a one-year low against the Euro, and the pound also falling again this year, travellers should look for the best ways to make their holiday money go significantly further.
Banks back improved supervision
Proposals from the European Commission to improve the system of pan-European banking supervision address some central industry concerns.
One year on and no change, as parity fast approaches
City analyst Duncan Higgins, of currency broker Caxton FX, warned today of possible parity between sterling and euro as the pound plunged this week, slumping 6% against the euro in one month and equaling its lowest point in five months (€ 1.1012.)
Abbey Student Accounts give-away ends soon
Abbey Student Accounts is giving away £50 an hour, on the hour, every day for the whole of September, in the ‘Money for Nothing' prize draw which is available to both customers and non-customers.