Banking
Bank of Scotland International launches Portfolio Plus Issue Two
Bank of Scotland International has launched a new structured deposit product, 'Portfolio Plus Issue Two', providing customers with an opportunity to receive a high rate of return while guaranteeing their original deposit.
Leeds Building Society raises over £10,000 for Comic Relief
Leeds Building Society has raised over £10,000 for Red Nose Day 2009, in a combined effort from Society employees and members.
£1.9 billion of new lending - deposits up 15%
National Australia Bank Group, owner of the Clydesdale and Yorkshire Banks, has released interim results for its UK Region's operations for the six months to 31 March 2009.
Does the Euro Costa (del Sol) too much?
The collapse of the pound against the Dollar, and to a lesser extent the Euro, mean British holiday makers will find their break in the Med, or their Disneyland trip, much more expensive this year.
Equality Bill: Beware unintended consequences
By trying to ensure that all consumers can choose from the same range of financial products, the new Equality Bill could end up disadvantaging consumers while it aims to promote fairness for all, the British Bankers' Association said today.
Caxton FX sees increased interest in clients moving overseas
The UK Budget last week was notable for the steep increase in personal tax rates for people who earn more than £150,000 a year.
Fraud trends and recession go hand in hand
The analysis of fraud trends during the first quarter of 2009 by CIFAS - The UK's Fraud Prevention Service - reveals some particularly alarming patterns.
Flocking home - British expats return to the nest
More than double the number of British Expats are selling up their life in the sun and returning to the UK since the impact of the economic crisis hit last year according to foreign currency specialists HiFX.
A&L gives £100 cash boost to current account switchers
While the recent Budget will have been positive for some people, and not so good for others, Alliance & Leicester is urging people to put a spring in their step and give themselves a financial boost, by offering £100 to those who switch to Alliance & Leicester from Thursday 30 April 2009*.
Banks pledge to work with FSA on Banking Code reform
The latest steps in the regulatory process to pass responsibility for the Banking Code to the Financial Services Authority have the full support of the UK's banks, the British Bankers' Association said today.
FSA must get tough to make a success of retail banking regulation
As the Financial Services Authority (FSA) announces that, from November 2009, it will be taking over all retail banking conduct regulation for deposit taking and payment services, Which? personal finance campaigner, Vera Cottrell says:
FSA implements changes to simplify FSCS
The Financial Services Authority (FSA) is to go ahead with proposed changes to the compensation limits for insurance, investment and home finance advice business in the event of a firm failing, designed to achieve greater simplicity and consistency in the Financial Services Compensation Scheme (FSCS).
New banking regulation promotes fairness for consumers
The Financial Services Authority (FSA) will take over all retail banking conduct regulation for deposit taking and payment services in November 2009.
Sterling softer but stable post-Budget
David Lamb, Head of Treasury Services at No1 Currency: Sterling weakened across the board in the immediate aftermath of yesterday’s budget but is currently trading off its lows.
Budget drives sterling yet lower
Commenting on the fall of Sterling following yesterday's Budget announcement, Stephen Heath, Chief Executive of FairFX said: "Despite the optimism felt last week as the Dollar hit $1.50 to the Pound, Sterling had a sharp sell-off yesterday afternoon as Darling failed to impress investors with the budget.