Banking
Menu pick current account
David Black, Principal Consultant of Banking for Defaqto, comments on The Co-operative Bank's introduction of a pick'n'mix current account: "While some providers are now offering a range of added value current accounts - from entry level to premium - this has only partially addressed the issue that different customers have differing requirements in terms of incentives."
Icelandic government takes control of Glitnir
Commenting on the Icelandic government taking control of Glitnir, the country's third-largest bank, Kevin Mountford, head of banking at moneysupermarket.com, said: "Part of Iceland has finally started to melt.
Your money is safe, FSCS tells Bradford & Bingley depositors
It is business as usual for depositors and other customers of Bradford & Bingley, who need have no concerns about the safety of their money.
HM Treasury: Bradford and Bingley
The Chancellor announced today that Bradford & Bingley's UK and Isle of Man retail deposit business along with its branch network has been transferred to Abbey National plc.
The Co-operative Bank pick ‘n' mix packaged current accounts
The Co-operative Bank has launched the UK's first ever packaged current accounts that offer customers an opportunity to choose benefits to suit their personal needs.
moneysupermarket.com: Nationalisation of Bradford & Bingley
Commenting on the confirmation of the nationalisation of Bradford & Bingley, Kevin Mountford, head of banking at moneysupermarket.com, said: "After weekend of speculation, confirmation that Bradford & Bingley is to be broken up will come as a surprise to nobody.
Provision of Credit Information Services to be licensed
Consumers who are thinking of paying for credit information services will have greater protection under new OFT licensing requirements coming into force on 1 October.
US $700 billion bailout plan
Commenting on the US's $700 billion bailout plan being blocked, Kevin Mountford, head of banking at moneysupermarket.com, said: "While it is crazy to think that taxpayers should have to bail out poorly managed, irresponsible banks, it is clear that decisive action needs to be taken to avoid further economic problems around the globe.
Growth in ‘money mule' fraud activity
APACS, the UK payments association, has revealed the increasing number of ‘money mule' recruitment adverts detected in the UK and reminded consumers of some simple rules to avoid being duped into helping criminals transfer money out of the country.
Abbey launches new offshore regular savers account
Regular savers with Abbey International can now earn up to 12% gross /AER sterling, 10% gross/AER for euro and 6% gross/AER for US dollar with a newly launched fixed rate Monthly Offshore Saver account.
Abbey launches new multi currency capital guaranteed account
Abbey International has launched a new multi currency capital guaranteed account split equally between a basket of four leading global stock indices on half of the investment and guaranteed fixed income on the remaining portion.
Lloyds TSB Group Union demands end of 'jobs to India'
The independent trade union representing the majority of Lloyds TSB Staff - Lloyds TSB Group Union - is to demand that, following its takeover of HBOS, the Lloyds TSB Board should ditch its strategy of offshoring jobs to India.
Aggregators choose quality
Price comparison websites are moving towards product quality based information rather than just price judging by an increase in demand for whole of market data from Defaqto.
Lloyds TSB launches next generation of mobile phone banking
Lloyds TSB has become the first bank in the UK to offer a range of banking services allowing customers to monitor and manage their money on a mobile phone.
Access to financial advice now urgent as well as important
AEGON UK chief executive, Otto Thoresen, has called for the government to make wider access to professional financial advice part of its policy response to the current economic crisis.