Banking
Brits more concerned about identity fraud
Over 50% of Brits are more concerned about ID fraud now than they were 12 months ago, according to research by credit report provider Callcredit.
Changing fraud trends
As the credit crunch makes getting new borrowing more difficult, fraudsters are changing their way of operating.
Careless businesses driving public fear of fraud
Organisations must urgently address rising fears that they are not adequately protecting their customers' personal information, according to research from RSA.
Identity Fraud: More than just a financial cost
Kate Beddington-Brown, Head of Communications for CIFAS - The UK's Fraud Prevention Service comments: "Identity fraud is a crime with a high profile, and no wonder. With CIFAS Members identifying 65,043 victims in 2007, most individuals know someone who has been affected.
moneysupermarket.com: UK compensation limit for savings
Commenting on the increase in the UK compensation limit for savings, Kevin Mountford, head of savings at moneysupermarket.com, said: “Confirmation that the UK compensation limit for savings will increase from £35,000 to £50,000 as of next Tuesday is a case of better late than never.
Safety in numbers for savers as banks merge
Confirmation from the Financial Services Authority that compensation levels will be increased to £50,000 from October 7th is a "welcome boost" for worried savers, according to MoneyExpert.com.
Compensation limit increase is welcome but could go further
As the Financial Services Authority (FSA) announces an increase in the Financial Services Compensation Scheme (FSCS) limits from £35,000 - £50,000 for depositors, Which? chief executive, Peter Vicary-Smith, says:
One in three students not in control of their finances
One in three full time students feel occasionally or constantly out of control of their finances (35 per cent), according to research by GE Money.
BSA welcomes increase in FSCS limit to £50,000
Commenting on the FSA's announcement, Adrian Coles, Director-General of the BSA said: "We welcome today's announcement that the level of compensation for savers will increase from £35,000 to £50,000 on Tuesday. This will mean that at least 97% of building society savers are fully covered by the Financial Services Compensation Scheme.
Abbey appoints Paul Pester to manage B&B direct channels
Paul Pester, currently Managing Director of Premium Banking at Abbey, has been appointed to take responsibility for Bradford & Bingley's retail distribution, including their branch network.
ECB keep interest rates unchanged
Following today's decision by the ECB to keep interest rates unchanged, Paul Niven, Head of Asset Allocation at F&C, comments: As widely expected, the ECB kept interest rates unchanged today, at 4.25%. Rates were last altered in July, when they were hiked to a seven year high in an effort to curb inflation, which was running at around twice the level that the ECB would tolerate.
US Senate approves rescue plan, as doubts emerge about its efficacy
Paul Niven, Head of Asset Allocation at F&C: The Troubled Asset Relief Program, or the Emergency Economic Stability Bill to give the proposed legislation its full legislative title, was put to vote for the second time this week, this time to the US Senate.
First plan not necessarily the best
Following this week's rejection of Henry Paulson's ‘Troubled Asset Relief Programme' by the US House of Representatives, Defaqto's economist Michael Baxter comments on the decision.
Coy couples missing out on current account cash
Over a quarter (27 per cent) of British couples could be missing out on higher credit interest rates by not pooling their current account cash, according to new research from Lloyds TSB.
Sterling sinks against the US Dollar and Euro
Commenting on Sterling's increasing weakness against the US Dollar and Euro, Stephen Heath, Chief Executive at FairFX.com, said: "It was an horrific start to the week for the British currency, as the pound sank further against the greenback on Monday alone than at any time in the past 15 years.