Banking
RBS and NatWest pass base rate cut on to small businesses
Commenting on the Base Rate reduction Peter Ibbetson, Chairman of RBS Small Businesses said: "RBS confirms today that we will pass on, in full, the Bank of England's base rate reduction of 1.00% to our 1.1 million small business customers with variable rate overdrafts and loans.
BBA issues customer factsheet on base rates
The economic factors which govern high street bank interest rates are summarised in a new factsheet published by the British Bankers' Association following today's Bank of England decision on interest rates.
Lloyds TSB to pass Base Rate cut on to small businesses
As part of its six-point small business Charter, Lloyds TSB today announces that it is passing on, in full, today's one per cent cut in the Bank of England base rate to all its small business customers with variable rate loans and overdrafts.
No more useless rate cuts please!
The Bank of England took another bold step today and slashed interest rates from 3% to 2%.
BSA: UK interest rate cut
Commenting on the announcement today by the Bank of England to cut the Bank Rate by 100 basis points to 2%, Adrian Coles, Director-General of the BSA said: "Homeowners will welcome the MPC's decision to cut the Bank Rate by 100 basis points to 2%.
Loan companies hiking rates in defiance of Bank of England
MoneyExpert.com is urging loan companies to stop hiking rates on loans and to pass on the most recent base rate cuts.
FSA consults on liquidity rules
The Financial Services Authority (FSA) has today published a consultation paper (CP) which proposes a far-reaching overhaul of the liquidity requirements for banks, building societies and investment firms.
Bank of England cuts interest rates by 1%
The Bank of England's Monetary Policy Committee today voted to reduce interest rates by 1% to 2%.
RBS/NatWest plan to proactively refund overdraft fees
Commenting on the RBS/NatWest plan to proactively refund overdraft fees to customers if it loses the OFT court case, Kevin Mountford, head of banking at moneysupermarket.com, said: "On the face of it this is a noble gesture by RBS, however it should really be common practice for all banks if it's ruled they have treated their customers unfairly.
Bank of Scotland announces small business support package
Bank of Scotland has announced that it is finalising negotiations with the European Investment Bank (EIB) to secure £250m in funding to support its SME customers during difficult trading conditions.
Bank accounts for prisoners have positive impact
A pioneering scheme, which enables offenders to open a Co-operative Bank account whilst in prison, appears to be having an impact on the rate of re-offending and should be replicated by other banks.
Lloyds TSB launches charter for small businesses
Lloyds TSB promises to pass on in full any further reductions in base rates in 2008 and 2009 to small businesses as part of a six-point charter for SME customers to help them weather the current economic downturn.
Stop hiding behind Libor, says Which?
As the Bank of England considers whether to make another cut to the base interest rate, Peter Vicary-Smith, Which? Chief Executive, says: "Banks have been having their cake and eating it for too long.
Brits risk ID theft on social networking sites
Britons are displaying an alarmingly lax attitude to security when it comes to posting sensitive personal information online.
Abbey announces new rates on limited offer fixed rate contracts
Abbey International has announced new interest rates on its limited offer fixed rate contracts which are now paying up to 5.00% AER, to complement its variable interest rate range of offshore deposit and Base Rate tracker accounts.