Banking

BBA: OFT current account study

UK banks offer a wide range of products and services and are committed to providing their customers with high quality service and accounts to meet all their financial needs.

Moneyfacts: OFT current account findings

Michelle Slade, analyst at Moneyfacts.co.uk, comments: "The big named banks have for a long time relied on brand and customer loyalty. As highlighted by the Office for Fair Trading (OFT), the result has been that many consumers find themselves in accounts paying little or no credit interest and/or being charged high fees when they have insufficient funds in their accounts.

moneysupermarket.com: OFT current accounts report

Commenting on today's OFT report, Kevin Mountford, head of current accounts at moneysupermarket.com, said: "This study should be a £4.1 billion wake-up call to over 50 per cent of the UK population languishing on 0.1 per cent interest or no interest at all.

Careless Britons leaving themselves open to identity theft

Despite the growing threat of identity theft, Brits are still failing to take the necessary security precautions to protect their identity, according to research by MORE TH>N.

Lloyds TSB: OFT 'Personal Current Accounts in the UK' report

Lloyds TSB is pleased that the OFT acknowledges that there is high consumer satisfaction with current accounts.

Current account market not working well for consumers

The market in personal current accounts is not working well for consumers, the OFT said today in its report 'Personal current accounts in the UK' which looks at the £8 billion industry.

10 day holiday countdown starts today

Today (15th July 2008) is expected to be one of the most popular shopping days of the summer as parents prepare for the family holiday getaway.

Are summer holidays a financial washout?

The Great British summer get away is looking in danger. Credit crunched families planning to escape to sunnier climes will have to battle high inflation, the spiralling cost of living, a weak Pound against the Euro, and extortionate airport currency exchange rates - all before they even step foot on the plane.

London and South-East are the top fraud hotspots

London and the South-East are the key hotspots for fraudulent applications across all product sectors, according to research by CIFAS.

Group to focus on keeping London globally competitive

Ensuring London maintains its place as a world leading financial services centre in the face of new global trends and challenges is the focus of a new Government-industry group to be chaired jointly by Chancellor Alistair Darling and Citi Chairman, Sir Win Bischoff.

ID theft becomes UK's top safety fear

Identity theft has overtaken street crime (43% versus 41%) and fears of being mugged or attacked (32%) to become the nation's top safety fear - and, overall, more than three in four Britons (76%) have concerns about family and domestic safety - according to research from American Express Insurance Services.

31 million people disappointed by the Bank of England

The Bank of England left interest rates on hold today. However, the decision to sit on the fence will be a huge disappointment to 31 million people. Two out of three consumers (65%) believe the current economic situation is either worse than or as bad as the media reports.