Banking
Record year for Society’s charitable donations
Newcastle Building Society has become a proud supporter of the well-loved charity, Samaritans Purse, also known as Operation Christmas Child. Last year over 100,000 of the 1.25 million gift-filled boxes came from the North East.
New deposit insurance system required to restore public confidence
Responding to the HM Treasury, FSA and Bank of England discussion paper on protecting depositors the Investment Management Association (IMA) has welcomed the Government's desire to maintain a well functioning banking system and believes that the interests of depositors and restoring public confidence are paramount.
Banks back finance for everyone
Banks are leading the way in helping people join the financial mainstream the British Bankers Association said today as the government launched its financial inclusion action plan.
Basic bank accounts improved financial inclusion
BBA figures show that there are over 7 million ‘basic functionality’ accounts being used by UK customers. This is a clear demonstration of improved financial inclusion in recent years.
Rate cut won’t ease pressure on sterling
Currency specialist HiFX anticipates that today’s cut is unlikely to ease the pressure on Sterling for the time being.
Bank of England cuts interest rates to 5.5%
The Bank of England’s Monetary Policy Committee today voted to reduce interest rates by 0.25 percentage points to 5.5%.
Credit blacklist hits 4 million people
As many as four million people fear they have damaged their credit rating beyond repair after falling into financial difficulty, according to new research from AXA.
Identity theft fears soar in 2007
Public fears over identity theft have doubled during 2007 – and it has overtaken yob culture to become the top safety concern for British women – according to new research from American Express Insurance Services.
Have you seen your bank manager recently?
More than half (55 per cent) of Brits confess they have not seen their bank manager in the last ten years, according to new research from Lloyds TSB.
New standards set to help people in debt
Step by step standards to help people in serious financial trouble to resolve their debt difficulties have been agreed by banks and providers of Individual Voluntary Arrangements (IVAs), the British Bankers Association announced today.
Easy come, easy go: generational attitudes to borrowing
Rising borrowing among the young to fund lifestyle is common place while debt consolidation and insolvency are seen as easy ways out for many young people, according to a report by the Personal Finance Research Centre commissioned by Standard Life.
FSA warns lenders over liquidity and credit risks
The Financial Services Authority (FSA) today urged lenders to protect themselves against a possible worsening of liquidity and credit risks.
Consumers want whole of market advice
The Association of Independent Financial Advisers (AIFA) has released research highlighting the attitude of IFA clients towards financial advice.
Bank of England must ‘wake up’ and slash rates by 1 per cent
The Bank of England must jettison its usual caution and slash interest rates by 1 per cent to bolster the UK banking system and boost investor confidence, says Argonaut European Income fund manager Oliver Russ.
Internet has revolutionised the lives of expats
They may be living overseas, but staying in touch with friends and family back home is a priority for expatriates, with almost two thirds (63%) using the internet daily to email loved ones, according to a recent study from Alliance & Leicester International (ALIL).