Banking

Sales of Turkish currency soar as Brits seek holiday bargains

As the popularity of destinations outside the Eurozone grows among British tourists, Turkey has emerged as a holiday hotspot for 2008.

Barclays Personal Reserve overdraft system

Commenting on the upcoming launch of the Barclays Personal Reserve overdraft system, Kevin Mountford, head of savings and current accounts at moneysupermarket.com, said: "There is real confusion and lack of transparency when it comes to overdraft charges.

New service saves time and stress for victims of identity fraud

Victims of identity fraud will find the task of setting their credit record straight much easier with a new Victims of Fraud service, unveiled by the three leading UK credit reference agencies, CallCredit, Equifax and Experian.

Barclays ‘Personal Reserve' overdraft system

All Barclays current account customers will see changes to their accounts from next week as the new overdraft service, Personal Reserve, is introduced on 18th August, simplifying banking.

FSA fines Credit Suisse £5.6m

The Financial Services Authority (FSA) has fined the UK operations of Credit Suisse (the subsidiaries) £5.6 million for breaching FSA Principles 2 and 3 by failing to conduct their business with due skill, care and diligence and failing to organise and control their business effectively.

Society hands out birthday gifts

948 charities and good causes have received financial gifts as part of Yorkshire Building Society Charitable Foundation's birthday celebration - Together We Make a Difference Week. In total over £54,000 has been donated to charities and community groups across the country.

Loyalty to your bank will hurt your pocket

Michelle Slade, analyst at Moneyfacts.co.uk, comments: "Many people are loyal to their bank and go to them for everything from their current account to their mortgage and credit card. However, by doing so you could find yourself seriously out of pocket as the big named banks do not tend to have the best rates.

Bolton Mum becomes M&S points millionaire

A Bolton mum-of-four is celebrating after winning one million M&S loyalty points worth £10,000 to spend in store.

UK rates on hold as Bank of England strikes delicate balance

Commenting on the decision by the Bank of England Monetary Policy Committee (MPC) to keep the UK base rate unchanged, Ted Scott, manager of the F&C UK Growth & Income Fund, commented:

CML: Interest rates held at 5%

CML director general, Michael Coogan said: "The MPC faced a difficult decision today in the face of rising inflationary pressures and a slowing economic outlook.

Bank of England to maintain interest rates at 5 per cent

Commenting on the Bank of England's decision to maintain interest rates at 5 per cent, Louise Cuming, head of mortgages at moneysupermarket.com, said: "Undoubtedly many thousands of homeowners would have been hoping for a cut in base rates today to ease pressure on their mortgage payments.