Banking

Moneyfacts: High Court win for the OFT

Michelle Slade, analyst at Moneyfacts.co.uk, comments: "Current account customers throughout the UK will be cheering the victory of the Office for Fair Trading (OFT) over the banks.

AXA completes strategic alliance with Clydesdale and Yorkshire Banks

AXA Life has completed the agreement announced in November 2008 to form a strategic partnership with Clydesdale and Yorkshire Banks.

Bank charges appeal failure 'a very positive step'

Fairinvestment.co.uk's director James Caldwell comments on the failure of the banks' court appeal over the fairness of bank charges.

Consumers say banks lend irresponsibly

The trust in UK banks has almost completely disappeared with 73% of consumers believing that banks act irresponsibly by lending too much money, according to a recent survey by ASDA.

Britannia maintains financial strength in unprecedented times

Britannia, the UK's second biggest building society, confirmed a resilient performance in 2008 with improved underlying profit underpinned by sustained financial strength.

Leeds Building Society delivers strong results

Leeds Building Society, the UK's seventh largest building society, today announced a strong set of results for 2008 despite the global financial downturn.

Citizens Advice research warns of deepening debt crisis

New research points to a deepening debt crisis in which many people turning to Citizens Advice Bureaux for help have no realistic hope of paying off their debts in their lifetime.

British couples keeping up to £30 billion worth of debt secret

One in five Britons (19 per cent) are keeping their money worries secret from their partners - up to £30 billion worth of hidden debt, according to research by CreditExpert.co.uk.

Costa too much?

A staggering number of Brits have opted out of the annual holiday in Spain this year. Research released by Spain’s tourism ministry yesterday showed 148,000 fewer Britons visited the country last month compared with January 2008 – a fall of around 20.5%.

New service to help take the sting out of owning property abroad

Online payments provider Ivobank has launched a competitive new product to help overseas property owners pay bills and transfer money abroad cheaper and easier.

Abbey International holds regular saver rates

Following the recent 0.5% cut in the Bank of England Base Rate in February, Abbey International, the specialist offshore banking subsidiary of Abbey in the UK has reduced the interest rates payable on its range of sterling denominated savings accounts.

N&P financial results

Norwich and Peterborough Building Society (N&P) today reported profits that would have been acceptable in current market circumstances, were it not for the Financial Services Compensation Scheme levy by the Government for the failures of Bradford and Bingley plc and certain Icelandic banks.