Banking
New Banking Code launched
The new Banking Code and Business Banking Code contain an enhanced promise by banks and building societies to treat customers fairly and reasonably.
The ‘typical’ victims of Identity Fraud
If you are a forty-something male, you are more likely to become a victim of identity theft than any other age range or group.
Interbank crisis aggravated by Northern Rock loan pay-back
Upward pressure on interbank interest rates has been aggravated by a flow of cash back to Northern Rock, according to New Star economist Simon Ward.
Abbey International launches new 1 year fixed rate deposit
Abbey International has launched a new 1 year fixed rate deposit contract paying up to 6.25% gross p.a/AER to complement its range of offshore deposit and Base Rate tracker accounts. The account is a limited offer so can be withdrawn at any time, without any prior notice.
Consumer Panel responds to Northern Rock Review
The Financial Services Consumer Panel today welcomed the FSA's Internal Review of Northern Rock, but was disappointed that there had not been more independent input to the Review.
BBA: FSA report on Northern Rock failures
British Bankers' Association (BBA) response to the FSA report on Northern Rock failures: This is an honest report. The Financial Services Authority has highlighted its internal failures in respect of the Northern Rock and we welcome its openess and proposals for change.
FSA moves to enhance supervision in wake of Northern Rock
The Financial Services Authority (FSA) today published a summary of a review carried out by its internal audit division into its supervision of Northern Rock.
Skipton Group continues growth of financial advice offering
The Skipton Building Society Group has announced that it has acquired an 86% shareholding in Torquil Clark Holdings Ltd, as part of its strategy to strengthen its financial advice offering.
moneysupermarket.com: regulatory changes to the 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:
moneysupermarket.com comment on HBOS
Commenting on rumours of liquidity problems at HBOS, Kevin Mountford, head of savings at price comparison site moneysupermarket.com, said: "HBOS has a very strong business – and rumours that it is on its last legs are ridiculous.
Abbey strengthens current account offering
Mike Naylor, personal finance expert at uSwitch.com, the independent online price comparison and switching service, comments on Abbey’s move to strengthen its current account offering with a 0% overdraft for 12 months:
Bank customers warned: avoid fee paying accounts
Bank customers paying fees for so-called packaged accounts are getting very little for their money compared with customers in free accounts, according to new research from MoneyExpert.com.
Callcredit: Collapse of Bear Stearns bank
Melanie Mitchley, Director at Callcredit said; “The current focus on the emergency rescue of US investment bank Bear Stearns should be a real wake-up call to British consumers. People need to start thinking about how the reality of the Credit Crunch is going affect their own financial situation.
Rock business plan - unfair competition still a worry
Commenting on the publication of the provisional business plan by Northern Rock bank, Adrian Coles, Director-General of the Building Societies Association, said: “This does little to allay our fears of unfair competition from the taxpayer-funded bank.
moneysupermarket.com: Northern Rock's new business plan
Commenting on Northern Rock's new business plan, Kevin Mountford, head of savings at price comparison site moneysupermarket.com, said: "Northern Rock has clearly put together a plan with two aims – to turn a healthy profit again and to get its unfair savings advantage over its rivals approved by regulators in the EU.