Banking
Defaqto’s Star Ratings an industry success
Defaqto’s Star Ratings for 2008 have been more widely adopted by providers than ever before. The ratings, which have become the most authoritative and impartial guide to product quality available, cover products in the banking, protection, investment, pension and general insurance areas.
Happy New Year for building societies’ savers
Strong savings inflows into building societies during the latter part of 2007 have continued, with the new year seeing the largest January inflow (£597 million) to societies since 1997.
Non-doms pay income tax too, argues BBA
Foreign workers in the UK contribute hugely to the economy and already pay income tax on their UK earnings, the British Bankers’ Association said today.
Banking industry update on new Faster Payments Service
APACS, the UK payments association, has confirmed that the banking industry is on track to deliver the infrastructure that will enable a new faster payments service to be launched starting on 27th May this year.
Banks back down on overdrafts as rates fall
But going into the red without permission is still very painful, MoneyExpert.com research shows
Cheshire Building Society announce 2007 results
Cheshire Building Society has announced annual results for the financial year ended 31st December 2007.
Skipton’s lending thrives despite market uncertainty
The announcement today of the Skipton Building Society Group’s annual results for 2007 shows the mutual and its 19 subsidiaries delivered a strong lending performance, despite a turbulent market.
Safety tips for cheque users
The Cheque and Credit Clearing Company (C& CCC) and APACS, the UK payments association, has today (26 February 2008) issued a new advice guide for consumers on how to write and receive cheques safely.
China’s currency sprints into the fast lane
Rocketing demand for the Chinese yuan suggests that China may be making the leap from a niche to a mainstream holiday destination, according to Post Office Travel Services.
Newcastle Building Society announces financial results
Commenting on the results, Chief Executive, Colin Seccombe said: “I am delighted to report very strong results for 2007.
Nielsen rate online payment provider PayPal as number one
PayPal, the secure online payment provider has confirmed its position as the UK's most popular online payment service.
Record savings inflow as investors seek security and value
Leeds Building Society has announced record results for 2007 against a background of unprecedented turbulence in the financial services sector.
Are packaged current accounts worth the money?
The majority of the banks offer packaged current accounts, but are these accounts really worth the monthly fee and do any of these accounts offer a better deal than the standard current accounts?
N&P results out-perform market
Norwich and Peterborough Building Society (N& P) reported another good year in 2007 and a healthy financial position – strong profits, comfortable liquidity, very low credit losses and ample capital strength. These features will be important in the uncertain economic environment of 2008.
Base rate – two weeks on
Michelle Slade, analyst at Moneyfacts.co.uk comments on the changes in the mortgage and savings market since the 0.25% base rate cut on 7 February.