Banking
Threadneedle: Lloyds Interim Results
UK Growth & Income Fund Manager and Banking Sector Specialist, Chris White, gives his views on the Lloyds' Interim Results: "There was fuel for the bulls and the bears in today's results for Lloyds TSB.
Ten minutes is a long time in banking
The enormous volume of business transacted round the clock through the UK's banks is highlighted in the British Bankers' Association's latest Abstract of Banking Statistics.
Alliance & Leicester launches new business centre in Nottingham
Alliance & Leicester Commercial Bank has announced the launch of the Bank's latest regional Business Centre in Nottingham's city centre.
Liverpool Victoria Banking Services to pay £840,000 fine
The Financial Services Authority (FSA) has fined Liverpool Victoria Banking Services Limited (LVBS) £840,000 for serious failings in the sale of single premium Payment Protection Insurance (PPI).
Chinese currency sales increase as Brits prepare for Olympics
With only ten days to go until the start of the Olympic Games, foreign currency expert M&S Money has seen a 25% increase in sales of Chinese currency as British sports fans prepare to cheer on Team GB in Beijing.
Post Office sees boom in pre-Olympics Yuan sales
During July the Post Office has seen a 44% increase in sales of Chinese Yuan compared to the same period last year.
Facility takeover and application fraud continues to rise
The rises in facility takeover and application fraud seen earlier in the year are indicative of a continuing trend rather than just a ‘blip', according to data from the CIFAS - the UK's Fraud Prevention Service.
Brits' attitude to holiday money is pants
Stuffing money in your pants - a trick that has long been popular with revellers during nights out on the town - is also being used by travellers according to a new survey by the recently launched Tesco Travel Money Card.
Stepped-up foreign currency lending to UK banks
Since the credit crisis erupted commentators have frequently speculated that the Bank of England has advanced funds outside the framework of its normal money market operations to banks other than Northern Rock.
FSCS handles 22,000 claims and contains costs
The Financial Services Compensation Scheme (FSCS) improved its service to consumers while cutting its costs during 2007/08, according to its annual report. At the same time, the Scheme passed the billion pound mark in compensation paid to consumers.
Britons want a return to values of the past
As Britain struggles with growing fear of crime, soaring inflation, failing pension provision and a fast food generation new research by Chelsea, UK building society, shows consumers want a return to the values of the past.
Halifax unveils market leading Student Account
Halifax has announced details of its new market leading Student Current Account offering. Applications for the new account can be made from Monday 4th August 2008. The account is available to both new and existing customers.
FSA delay bank charges claiming process
Commenting on the decision by the FSA to maintain the freeze on reclaiming bank charges for a further six months, James Caldwell, Director at FairInvestment.co.uk said, "Consumers shouldn't have to wait any longer to claim their money when they have the law on their side.
moneysupermarket.com: UK online banking figures
Commenting on figures showing the number of people in the UK banking online has increased to 21 million, Kevin Mountford, head of current accounts at moneysupermarket.com, said: "Clearly there is demand for online day-to-day banking services and this is being heavily pushed by most banks as it greatly cuts their operational costs.
Now more than ever is the time to switch
Dick Parkhouse, The Co-operative Financial Services Managing Director, Retail commented: "For years now, the big four banks have continually lagged behind the smaller banks in providing high levels of customer service and competitive products.