Banking
Merger of Yorkshire and Barnsley Building Societies
Commenting on the merger of Yorkshire and Barnsley Building Societies, Kevin Mountford, head of banking at moneysupermarket.com, said:
Bottom dollar? No it's a bottom pound
With the pound tumbling to its lowest level in five years, moneysupermarket.com is warning holidaymakers that now, more than ever, they should be using the best credit and debit card overseas.
Yorkshire Building Society to merge with Barnsley Building Society
The Boards of Yorkshire Building Society and Barnsley Building Society have announced that they have agreed heads of terms for a merger.
‘Where is the consumer bail-out?’ asks Which?
Now is the time for banks to help out consumers and for the Government to ensure that the banks are putting consumers at the heart of their business, says Which? as it launches a major new campaign to reform banking.
Brown bailout boosts sterling
Gordon Brown’s bank bailout plan has been given a vote of confidence by international currency traders and speculators as currency markets bolster Sterling while equity markets remain chaotic according to currency exchange specialists FC Exchange.
UK recapitalisation scheme to curb broad money
New Star's Simon Ward, says: The UK's bank recapitalisation plan is unlikely to lead to a near-term revival in credit and money growth. Indeed, the initial impact of the scheme will be to reduce the broad money supply M4, implying a need for offsetting monetary easing measures, including interest rate cuts.
Natwest International Personal Bank goes Eco
NatWest International Personal Banking (IPB) has launched an EcoGrowth account for those that wish to reflect their personal commitment to green issues in the way that they save.
Broke Britain, not broken Britain
A heavily-regulated and outdated financial establishment has left young adults most at risk in any recession, argues a new report from the independent think tank Reform and the Chartered Insurance Institute (CII).
Hinckley and Rugby is latest mutual partnership for SFS
Skipton Financial Services (SFS), the wholly-owned financial advice subsidiary of Skipton Building Society, has announced a new service with Hinckley and Rugby Building Society.
UK businesses need to get savings savvy
With the difficult economic conditions persisting, Standard Life Bank is urging UK businesses to be savvier with their hard earned savings, following research that businesses are potentially missing out on significant interest payments by not using a business savings account.
Expectant parents to receive free financial guide from the FSA
As Parents' Week gets under way, the Financial Services Authority (FSA) has begun the UK-wide distribution of the Parent's Guide to Money, its practical and impartial resource for expectant parents designed to answer questions about their changing financial circumstances and to help them prepare for parenthood.
CreditExpert helps consumers tackle credit crunch online
CreditExpert, the online credit monitoring and identity fraud protection service from Experian, has rolled-out a dynamic web self-service technology to help customers immediately locate information on its website. Transversal's (transversal.com)
Catholic Building Society members approve merger with Chelsea
Catholic Building Society held a Special General Meeting (SGM) where its shareholding and borrowing members showed their approval for the proposed merger with Chelsea Building Society.
Penal conditions risk success of UK rescue plan, says New Star
New Star's chief economist Simon Ward, writes: Can you rescue and punish failing banks at the same time? I doubt it, which is why I am less optimistic about the success of the UK banking rescue plan than its US counterpart.
Celebrate owning ‘your bank'
The talk this week might have been about taxpayers becoming owners of banks but according to Mark Lyonette, Chief Executive of ABCUL - the Association of British Credit Unions, this week's International Credit Union Day (16 October) is the perfect opportunity to celebrate the success of the credit union sector.