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Banking

Positive turnout for Scarborough AGM

Scarborough Building Society recorded another positive voting turnout for today's Annual General Meeting (AGM).

American Express: Findings from the Which? report

Chris Rolland, Head of American Express Insurance Services commented: "We welcome the findings from the Which? report; its totally right for consumers to be price driven but not to the expense of quality and cover that meets important needs for valuable insurance protection - this is the key issue."

UK money numbers badly distorted by credit crisis

New Star's Simon Ward comments: Broad money supply and credit numbers have been boosted by the financial crisis and the Bank of England's special liquidity scheme (SLS) has increased the distortion.

Currency investors benefit from slide in sterling

With the pound suffering its worst fall against the dollar since 1971 last week, currency investors took advantage by trading heavily in GBP/USD: Barclays Stockbrokers saw 70 per cent of all trades in this currency pair over the 11 days that the pound was falling.

Coventry Building Society announces excellent half year results

The Coventry, UK building society, has announced its interim results for the six months ended 30 June 2008.

Comparison sites that leave people confused

People shopping online for insurance or other financial products may not always get the best deal if they rely on a single price comparison site, according to research by Which? Money.

Tescocompare.com: Which? report on price comparison sites

Matt Dransfield, Car Insurance Expert at Tescocompare.com responds to the Which? report on price comparison sites: "The Which? investigation highlights some important short-fallings of the three price comparison sites reviewed.

Confused.com: Which? report on price comparison sites

Carlton Hood, CEO of Confused.com, says: "We are surprised by the findings of the Which? report, as Confused.com prides itself on the accuracy of our prices and the transparency of our service.

Alliance & Leicester add to Mobile Banking service

With mobile phones an essential part of everyday life, and the need to keep a sharp eye on finances even more important in the current economic climate, Alliance & Leicester's current account customers will be able to keep better track of their cash thanks to the introduction of Text Alerts.

Gocompare.com: Which? report on price comparison sites

Commenting on findings from Which? Hayley Parsons, chief executive officer of Gocompare.com said: "The Gocompare.com service combines extensive market coverage and a clear display and explanation of the comparison results and features.

moneysupermarket.com: Which? report on price comparison sites

Commenting on findings from Which? into price comparison sites, Stuart Glendinning, managing director of moneysupermarket.com, said: "This is not a comprehensive report from Which? on price comparison sites.

Personal finance literacy worsens amongst British adults

Despite personal finance issues taking centre stage over the past 12 months, the latest research from Abbey Banking has found that financial literacy amongst British adults has in fact declined since this time last year.

Benefit from strengthening dollar with Cater Allen currency accounts

UK customers can take advantage of the strengthening of the Dollar relative to Sterling by opening a Cater Allen Private Bank Account in Dollars. Cater Allen allows customers to hold currency accounts in Euros, Dollars or Sterling - with a minimum balance of just £5000, €10000 or $10000.

HSBC student bursary awards

From 11 August 2008, students will be able to send a short online application of approximately 150 words, explaining why they think they deserve to receive one of the bursaries, which fall under the categories of Science & Engineering, Arts & Humanities, Business & Commerce and a further award for an outstanding application.

Nationwide prepares ground for Irish operation

Nationwide Building Society has announced that it is putting plans in place to operate in the Irish Republic.