Banking
Businesses to benefit from revolutionary Supplier Payments solution
Abbey UK Corporate Banking, part of the Santander Group and OB10, the leading global e-Invoicing network, have today announced a partnership to deliver cash flow benefits and processing cost savings to businesses in the UK, Europe and internationally.
FSA confirms merger of Nationwide and Portman
The Financial Services Authority (FSA) has today given its confirmation that the merger between Nationwide and Portman building societies can proceed. The merger will become effective from 28 August 2007 and the enlarged society will be known as Nationwide Building Society.
Checking out the current accounts
Customers paying cheques into nearly half of all current accounts have to wait three working days before earning interest on their cash, new research from MoneyExpert.com shows. And some accounts make you wait five working days, analysis shows.
Worrying fraud trends - the rise continues
At the end of June 2007, data provided by Members of CIFAS – The UK’s Fraud Prevention Service, continued to give cause for concern. Comparing the first half of 2007 with the same period in 2006, CIFAS Members have seen a sharp rise in most types of financial fraud.
Millions of Britons suffer from pin code overload
Millions of Britons are suffering from PIN code overload according to the latest research from Abbey Current Accounts.
Former Abbey shareholders eligible for Santander benefits
Since Santander acquired Abbey in November 2004, 1.3m former Abbey shareholders have seen their Santander shares rise 50.8 per cent.
Barclays to take investment education to the high street
Barclays Financial Planning is launching an education programme starting with a series of investment seminars, aimed at educating customers on investment opportunities, to help them make the most of their money.
Nationwide launches US Dollar and Euro Tracker Premium accounts
Nationwide International has announced that it will be launching US Dollar and Euro Tracker Premium accounts with effect from Wednesday 1 August 2007.
Alliance & Leicester launches treasury risk solutions offering
Alliance & Leicester Commercial Bank has established a new team in order to provide business customers with a range of treasury risk solutions. Going forward the bank will provide FX, Interest Rate and Currency derivatives to business and corporate customers.
Moneyfacts.co.uk – top 10 tips for students
Lisa Taylor, analyst at Moneyfacts.co.uk, comments: “With only a few weeks to go before the long awaited A’ Level results are published, some school leavers will be excitedly preparing to go off to university.
Brits fail to add their identity to holiday protection checklist
Brits are failing to take precautions to protect their identity before they go on holiday according to new research from CreditExpert.co.uk, the online credit report monitoring service from Experian.
The day Britain goes overdrawn
Working Brits who are unable to stay in the black, cross into their overdrafts on the 20th of each month and 2.1 million never come out of the red.
UK banks are among the world’s cheapest
The UK offers cheaper banking to customers than almost any other country in the developed world, according to independent research in the British Bankers Association annual report.
Banks call for regulation debate
Customers and banks would benefit from more streamlined regulation of financial services the British Bankers’ Association said today.
Chief Economist at New Star believes rates may have peaked
Simon Ward, Chief Economist at New Star Asset Management, comments on interest rate prospects: “Recent developments have boosted the chances that rates have peaked at 5.75%.