Banking
BBA: Banks' permission to appeal
The BBA said: "Today the Judge has set out the next stages in the test case on bank fees for unarranged overdrafts.
Unauthorised overdraft charges - the case goes on
The case management conference has predictably resulted in the banks being given leave to appeal against the recent High Court judgement.
Don't delay submitting your claims for unfair bank charges
Fool.co.uk comments on confirmation that banks will appeal against the ruling on unfair charges. David Kuo, Head of Personal Finance at Fool.co.uk, says: "The BBA has confirmed that banks will appeal against the High Court ruling on unfair charges.
Nationwide reaffirms commitment to UK call centres
Nationwide Building Society has opened a new call centre in Swindon, further illustrating the Society's commitment to keeping its call centres based in the UK.
Offshore savings
Rachel Thrussell, Head of Savings at Moneyfacts.co.uk, comments: "Offshore savings have long been seen as a tax haven for the rich, but with some accounts accepting a minimum deposit of just £1,000 this is no longer the case.
CHAPS Euro system to close after nine years of service
APACS, the UK payments association, announces the closure of the CHAPS Euro clearing service, which will take effect at the close of business tomorrow (16 May).
Alliance & Leicester launches limited offer 1 year fixed rate bond
Alliance & Leicester International Limited (ALIL), the Isle of Man based offshore savings bank, is launching a new limited edition 1 Year Fixed Rate Bond with a highly competitive fixed interest rate of 6.65% pa gross/AER.
Current account customers feel the pinch
On 10 April the Bank of England announced a 0.25% cut in interest rates. Since that time the current account market has seen plenty of rate changes but some lenders have used the opportunity to tweak their rates by more than the 0.25% cut.
Nationwide issues over 5,000 money guides to schools and colleges
Nationwide Building Society begins the distribution of over 5,000 copies of The Teenager's Guide to Money to secondary schools and colleges across the UK today.
Customers worry about their banks' survival
As British banks write off humungous sums related to the American sub-prime mortgage fallout, customers weigh up their banks' abilities to weather the credit turmoil.
High court ruling on bank charges could lead to silent majority being worse off
Most people would not be prepared to pay for a bank account event it meant a fairer, simpler banking system with no hidden monthly charges, according to new research from Moneyexpert.com.
Debit cards replacing cheques at retailers
The debit card retains its popularity at retailers, with spending rising by 11% last year, according to figures released by APACS, the UK payments association.
Rates on hold should sterling to stabilise
The Bank of England has today elected to keep interest rates on hold at 5.00%, in what must have been one of the Bank's closest calls.
Building Society bosses optimistic despite the credit crunch
New research from the Building Societies Association (BSA), launched at the BSA's Annual Conference, shows that despite the testing market conditions, the majority of building society bosses are optimistic about the year ahead.
Bank of England misses a trick
There's broad agreement among economists that base rate will come down, so why's the Bank of England ‘doing a Gordon' and dithering, asks Robin Amlôt.