Banking
One cheer for Freddie and Fannie, says AWD Chase de Vere
The US Government's bail-out of Freddie Mac and Fannie Mae on Sunday was met with a euphoric market reaction on Monday - but a more sober reflection will show that stock price rises are not, on their own, a cause for optimism according to AWD Chase de Vere.
Barclays responds to flooding impacts
Responding to the implications of the recent flooding across areas of the UK, Barclays has announced that it will again be offering a financial support package to all of its affected Local Business & Commercial Banking customers.
Added value current accounts - is there any value?
Research by Defaqto has identified 32 different incentives that are on offer from added value (paid for) current accounts.
Record number of savers search for lost accounts
The account tracing website mylostaccount.org.uk has notched up over six months of success, during which time over 140,000 individuals have searched online for their forgotten funds.
first direct the bank customers most likely to recommend
Findings from a study of UK banks reveals that First Direct is the bank customers would be ‘most likely to recommend’ to friends and family whilst Barclays, HSBC and Abbey came in the bottom three.
Northern Rock crisis: 1st anniversary
Geoff Tresman, Chairman of Punter Southall Financial Management comments on the first anniversary of the Northern Rock crisis: “Throughout the last year since Northern Rock became the first high-profile casualty of the Credit Crunch, Northern Rock customers have been faced with some very difficult decisions.
Desperately seeking forgotten savers
Halifax has launched its 'Desperately Seeking' campaign - a renewed drive to reunite UK customers with forgotten funds. Having restored over £17.5million of dormant funds to date, Halifax has stepped up its reunification activity, highlighting all unclaimed cash and its location across the UK.
Merger of Nationwide with the Derbyshire and Cheshire
Commenting on the announced merger of Nationwide with the Derbyshire and Cheshire building societies, Kevin Mountford, head of savings at moneysupermarket.com, said: "Changes are afoot in the building society market, and consolidation will be on the cards as many societies face mounting pressures due to current market conditions.
Credit where credit's due: Barclays helps SMEs in tight market
Barclays local business customers can now check the credit ratings of up to five of their most important customers or suppliers, helping them to deal more effectively with the risk of late payments and bad debt.
FSCS can help consumers claim up to £48,000 in compensation
Consumers could claim up to £48,000 if they have lost money as a result of their dealings with any of the 27 investment firms the Financial Services Compensation Scheme (FSCS) has recently declared in default.
HSBC reaches out to dormant account customers
HSBC is writing to more than 12,000 customers as part of its campaign to reunite them with millions of pounds in forgotten current and savings accounts.
Five million cheques processed on average bank day
The Cheque and Credit Clearing Company (C&CCC) has published data on cheques processed over the course of one day.
Coventry First is the real advantage
No hidden catches, no complicated tiers paying minimal interest, no unwanted connected accounts - simply a competitive rate on every single pound.
Better service and greater value from HSBC Plus
HSBC has relaunched HSBC Plus to offer even better service, greater value and more relevant benefits to people looking for more than just a current account.
Mergers of Nationwide with The Derbyshire and The Cheshire
Nationwide Building Society has announced that it will merge with The Derbyshire Building Society and The Cheshire Building Society, who will transfer into the Nationwide Group by way of two separate transactions.