Banking
Regulation of comparison sites
Commenting on the announcement that the Comparison Consortium will work with ABI to agree a new industry code of practice for price comparison websites, BIBA Chief Executive, Eric Galbraith, said: "I am not convinced that customers are being treated fairly by some of the comparison websites.
HiFX launches new Online International Money Transfer service
HiFX, the foreign exchange specialist, has launched an innovative Online International Money Transfer service which could save the five and a half million Brits living or working abroad over £1.65bn a year on their international money transfers.
Comparison Consortium works with ABI to agree code of practice
The Comparison Consortium, the trade body established earlier this year to regulate and represent the online price comparison industry, today announced that it will be working with the Association of British Insurers (ABI) to develop a new code of practice for online insurance aggregators.
ING issued a EUR 4 billion guaranteed bond
ING Bank announced that it has placed a 5 year EUR 4 billion government guaranteed senior unsecured bond issue. The issue of EUR 4 billion was done under the Credit Guarantee Scheme of the State of the Netherlands and is part of ING Bank's regular medium-term funding operations.
Banks are backing small businesses
UK banks are helping more small businesses new government figures reveal today. The British Bankers' Association said information released by Lord Mandelson today, five weeks after the introduction of the Enterprise Finance Guarantee scheme, show that £40 million pounds of business loans have been offered by banks under the EFG, proving that banks are keen to lend to viable small businesses.
SMEs turn to family and friends for funding
Over 540,000 SMEs across the UK are turning to family and friends for cash rather than the banks - six times as many as when polled in early 2008 - according to research from Close Invoice Finance, part of the FTSE 250 merchant banking group Close Brothers Group plc.
Credit crunch leads to surge in consumers seeking financial advice
With the UK facing its worst recession since the 1930s, consumer confidence in making financial decisions without expert advice has plummeted.
Consultation on dormant bank accounts launched
The Government has launched a consultation document on secondary legislation to establish a UK dormant accounts scheme.
Figures prove the need for online caution
The dangers of internet scams are highlighted by the disturbing 207% rise in the number of facility takeover frauds recorded by Members of CIFAS - the UK's Fraud Prevention Service.
The Co-operative Bank tops the charts again
The Co-operative Bank has scored the top mark on current accounts customer satisfaction (85%) according to the latest GFK NOP report.
Banks fritter away their trust fund
Consumers have lost trust in banks, according to new research from Which?. Over a third of people (37%) think that banks can't be trusted to act in the best interests of the UK economy.
Brits disheartend at the prospect of inheriting debt
Over two in three Britons are disheartened at the prospect of inheriting debts from relatives as the reality of the economic downturn hits (68%), but almost a third would also be left fuming if they were not included in their family member’s will (27%), according to new research from Minster Law Solicitors.
Bank of Scotland International launches Portfolio Plus
The Bank of Scotland International Portfolio Plus Issue One is a new structured deposit product which provides customers with a potential to receive a better return than they would through current cash deposits, whilst guaranteeing their original capital investment.
Building societies on top for service, value and trust
Savers and borrowers with building societies are more satisfied than customers of other financial service providers, according to research from GfK NOP, published by the Building Societies Association.
Til debt do us part
Over two in three Britons are disheartened at the prospect of inheriting debts from relatives as the reality of the economic downturn hits (68%), but almost a third would also be left fuming if they were not included in their family member’s will (27%), according to new research from Minster Law Solicitors.