Banking

BBA: Financial stability and depositor protection

The British Bankers' Association and its members have already raised many of the issues in the government's paper, 'Financial stability and depositor protection: strengthening the framework' and will now consider the detail of the document.

Yorkshire Building Society encourages members to act!

Ahead of the Government’s proposal to use unclaimed assets in bank and building society accounts for good / worthy causes, Yorkshire Building Society is actively trying to encourage its members to act and avoid their money being grouped with these forgotten funds.

Financial stability and depositor protection

A consultation on proposals for strengthening the current framework for financial stability and protecting depositors has been launched by the Chancellor of the Exchequer.

Bank of Scotland launches International Private Banking service

Bank of Scotland International has launched a new International Private Banking service.

New standards for IVA providers come into force

A new set of standards to help people resolve their debt difficulties through Individual Voluntary Arrangements (IVAs) will come into force on Friday, following an agreement struck today between IVA providers and the credit industry.

FSA's consumer website revamped

As the Financial Services Authority (FSA) warns today in its Financial Risk Outlook that we could all be facing more difficult economic conditions this year, it has also relaunched its dedicated consumer website to help people manage their money.

Internet bill payments almost double

Alliance & Leicester Commercial Bank has announced that it has seen a significant increase in the number of consumers choosing to pay their bills online over the last 12 months.

Bank robbery no longer pays

Last year saw the lowest ever number of bank robberies recorded in the UK, according to figures published today by the British Bankers’ Association.

Single Euro Payments Area Credit Transfer Scheme goes live

From today (28 January) the new SEPA Credit Transfer (SCT) Scheme will enable euro credit transfers to be made within a maximum of three days, and without any deductions from the principal amount.

Over £1bn in compensation paid to consumers since FSCS set up

Consumers have benefited from more than £1bn in compensation from the UK’s compensation scheme of last resort since the Financial Services Compensation Scheme (FSCS) was set up.

Loss for banks in OFT court case could be bad news for consumers

As one of the most important court cases to hit the financial industry in years finally begins, the Office of Fair Trading’s (OFT) court case against eight leading UK banks into unfair bank overdraft charges has been widely publicised in the media as a battle between consumers fighting for their rights and unfair actions by leading banks.