Banking
Lenders reject 5 million loan and credit card applications
Almost five million product applications from people seeking new credit cards or personal loans have been rejected by lenders in the past six months, according to research by MoneyExpert.com.
first direct is the UK’s Top Call Centre for customer service
first direct has come first in the latest research from the Top 50 Call Centres for Customer Service. The direct bank scored 92% in the UK's biggest ever call centre benchmarking exercise, conducted by independent market research company GfK NOP. The overall Top 50 average was 83%.
Super League Trophy comes to Leeds Building Society
The biggest trophy in domestic Rugby League, the Engage Super League trophy, was on display at the Leeds Building Society Head Office Branch on Thursday 9th October.
Is the UK's guarantee scheme too expensive?
New Star's chief economist Simon Ward, comments: The UK's credit guarantee scheme is designed to unclog markets rather than offer banks cheap funding.
Let's hope they are nicer than Northern Rock
Commenting on the Government committing another £37bn of taxpayers' money to be invested in banking giants RBS, Lloyds TSB and HBOS, Louise Cuming, head of mortgages at moneysupermarket.com, said: "Let us hope that RBS, Lloyds TSB and HBOS do more for borrowers than Northern Rock managed today.
Leeds Building Society raises £2,500 for Jeans for Genes!
Leeds Building Society raised £2,500 for the 2008 Jeans for Genes appeal. This was achieved by all staff jumping into their Jeans and donating £2 on Friday 3rd October, Jeans for Genes day 2008, thereby helping to ‘denimise the nation.'
Hit the slopes without hitting your wallet
FairFX.com is offering members of the Ski Club of Great Britain the opportunity to apply for a free FairFX.com currency card - normally costing £9.95 for a three year membership. This offer can be applied for online via skiclub.co.uk.
Government plans to inject £37bn into RBS, Lloyds TSB and HBOS
Commenting on the Government's plans to inject up to £37bn into Royal Bank of Scotland (RBS), Lloyds TSB and HBOS, Kevin Mountford, head of banking at moneysupermarket.com, said: "This bail-out will no doubt change the shape of banking for years to come, but what will happen to consumers?
Moneyfacts: Governments bank rescue
Darren Cook, Head of Press at Moneyfacts.co.uk, comments: "Moneyfacts supports the unprecedented action announced by the Government this morning. These actions further demonstrate that Downing Street will indeed take any action that is needed to try and return the banking system to a level of normality.
Implementing support for the banking system
The Government is today taking decisive action to ensure our banking system remains on a sure footing in the face of continuing and exceptional instability across the world's financial markets.
Financial support to the banking industry
HM Treasury statement: With continuing exceptional instability in the global financial markets, the Government is today taking decisive action, by implementing the comprehensive set of measures it announced on 8 October, to make commercial investments in UK banks and building societies to help stabilise their position and support the long term strength of the economy.
Scots top of league table for holiday spending money
A survey of the foreign currency purchasing habits of Brits heading abroad has revealed that Scottish travellers exchange the most cash before setting off on holiday, meaning they get the best value on their travel money.
Halifax announces changes to banking and savings statements
Halifax has announced a series of improvements to bank and savings account statements that will appear from the 26th October 2008.
Sterling collapses to 5-year low against the US Dollar
Commenting on Sterling's increasing weakness against the US Dollar, Stephen Heath, Chief Executive at FairFX.com, said: "The US Dollar has continued putting pressure on the Pound, sinking Sterling to a five year low. This morning the Pound smashed through the $1.7 level and has traded down to 1.6775.
UK companies put staff at risk through ID theft
Six in 10 Brits have been put at risk of ID theft as a result of their employers’ lax approach to data security.