Banking
Treasury faces major challenge in meeting fiscal rules
The Treasury Committee, in its Report on the 2008 Budget, cautions that the Treasury may have given insufficient weight to the risks of continued financial market turbulence in making its forecasts for economic growth.
Scarborough Channel Islands launches new products
Scarborough Channel Islands Limited, the Guernsey based subsidiary of UK based Scarborough Building Society, has announced a trio of changes to its offshore deposit account range.
Zopa most threatening non-bank competitor
Zopa beats PayPal, Wal-Mart, Vodafone and Prosper as the biggest threat to banks across the world
NatWest launches new guaranteed structured deposit account
NatWest International Personal Banking (IPB) is flying high with the launch of a new guaranteed structured deposit account, Autopilot.
Overwhelming member support coincides with record savings inflows
Leeds Building Society, the UK’s 7th largest building society, held its Annual General Meeting in Leeds earlier today. Members voted overwhelmingly for the re-election of Chief Executive, Ian Ward, and Non-Executive Director, Ian Marshall.
Consumers could claim up to £48,000 after FSCS steps in
Consumers can claim compensation of up to £48,000 if they have lost money as a result of their dealings with any one of 35 firms that the Financial Services Compensation Scheme (FSCS) has recently declared in default.
Lending to individuals up in February
The increase in total net lending to individuals in February (£9.8 billion) was above the increase in January and the previous six-month average, according to figures from the Bank of England (BoE).
Consumers are squeezed from all sides
As the purse strings tighten and the credit crunch takes hold, Callcredit Check is advising consumers to take a good look at their finances.
Yorkshire says it’s time to make a mark
Yorkshire Building Society is urging its members – that is its savers and borrowers – to have a say in how the financial business is run.
Anderson Travel and London Mini Coaches choose Alliance & Leicester
Sister companies, Anderson Travel Ltd and London Mini Coaches Ltd have chosen to finance the acquisition of seven new vehicles via Alliance & Leicester Commercial Bank.
Support for small businesses
British Bankers’ Association (BBA) figures for the main high street banks providing small business services show that term lending grew by 10 per cent over the year to £41.7 billion.
Shaping the future
Members of Britannia Building Society can help shape its future by casting their vote at the Society's Annual General Meeting (AGM).
Banking code sponsors made ageist decision, says Help The Aged
Responding to the new banking code which comes into force today, Kate Jopling, head of public affairs at Help the Aged, says: “The new banking code ‘enhanced promise’ to treat customers fairly and reasonably is in stark contradiction to the blatantly ageist attitudes of the code sponsors.
Moneywise challenges Chancellor to take teen money exam
Could Alistair Darling pass a finance test for teenagers? Personal finance website moneywise.co.uk is set to find out as it challenges the Chancellor and other high profile figures such as BBC Business presenter Declan Curry to rate their financial know-how against a sixteen year old.
moneysupermarket.com: regulatory changes to Banking Code
Commenting on the introduction of regulatory changes to the Banking Code from Monday, March 31, Kevin Mountford, head of savings at price comparison site moneysupermarket.com, said: