Banking
Fears increasing about older loved ones being scammed
Almost 9 out of 10 of people in Britain think that older people are more at risk of scams now than in previous years, with three quarters worried their older relatives or friends could fall victim to a scam.
Step up security and prevent identity fraud
Following recent news of bank customers' details being sold on eBay, Fairinvestment.co.uk is offering tips on how to avoid identity and credit card fraud.
FSA consults on Payment Services Directive Handbook changes
The Financial Services Authority (FSA) has today issued a consultation paper proposing Handbook changes that are required to implement aspects of the Payment Services Directive (PSD).
Scott pours cold water on fears of a further UK bank collapse
Fears that other UK banks could be on the brink of collapse, forcing the Bank of England to mount a rescue operation akin to Northern Rock are "mis-placed scaremongering", according to Ted Scott, manager of the F&C UK Growth & Income Fund.
Outlook for UK banking sector in the wake of credit crunch
In its latest Market View report, Alliance Trust says UK banks still have relatively low capital ratios, compared to their European, North American and Asian peers, leading to ongoing uncertainty over the strength of their balance sheets. On this basis, further capital raising cannot be ruled out.
AEGON calls on FSA to listen to consumer needs
AEGON UK is calling on the FSA to take account of what consumers want from financial advisers as it moves ahead with its advice reform agenda with the Retail Distribution Review.
moneysupermarket.com: Lloyds TSB Vantage account
Commenting on the new Vantage current account from Lloyds TSB, Kevin Mountford, head of savings and current accounts at moneysupermarket.com, said: “Banks are continuing to pull out all the stops to get customers through the door.
Abbey fund airport commercial property transaction
Abbey UK Corporate Banking today announced that its UK Real Estate team has acted as joint lead bank on a £165m debt funding and hedging arrangement for the Arora Family Trust, the largest family owned and operated hotel portfolio in the UK.
Lloyds sets its sights on high credit balance customers
Michelle Slade, analyst at Moneyfacts.co.uk, comments: "In order to be able to pay a high rate of credit interest on their current accounts, the majority of providers limit the amount on which they will pay the high rate at around £2.5K. On any balance over this, the rate drops significantly, usually to a miserly 0.10%.
Possible launch of Metro Bank in Greater London
Commenting on the possible launch of Metro Bank in Greater London, Kevin Mountford, head of current accounts at moneysupermarket.com, said: "This would be a very interesting move. Some people will say it is foolish time to enter the banking market given the expectation of recession and the lack of consumer confidence.
A&L offer £100 to switch online to its Premier Current Account
While Premier League football clubs switch players each season to get the best results, research from Alliance & Leicester Current Accounts reveals that six in ten (58%) UK banking customers have never switched their current account.
MoneyExpert.com: Lloyds TSB Vantage account
Sean Gardner, founder of MoneyExpert.com, said: "The new Vantage account from Lloyds TSB is an innovative addition to the current account market.
Mortgage and unsecured lending plummets
Just 12 months into the credit crunch and lending in the mortgage and unsecured loan market has fallen at a rapid pace of £2.7 billion a quarter on average over the last year.
Lloyds TSB launches Vantage
Lloyds TSB has raised the bar in the battle for current account customers with the launch of ‘Vantage' a new addition to its current account range with tiered interest rates paying customers up to 5 per cent credit interest on balances as high as £7,000.
European festival goers urged to secure best currency deal
As celebrities and media moguls flock to Venice, the ‘City of Water', for the Annual Venice Film Festival starting 27th August, how they will pay their way during the celebrations is unlikely to worry to them.