Banking
Banks should set aside more funds as PPI complaints double
Which? is calling on the banks to ensure they set aside more funding to pay back customers who were mis-sold Payment Protection Insurance (PPI), as complaints continue to rocket and the £10 billion set aside by the banks could run out within months.
M&S' new premium current account goes live
The M&S Premium Current Account officially goes live today.
Euro set to decline further due to Spain and weakness of the economy
Andy Scott, premier account manager at foreign currency exchange brokers HiFX, comments: "The Euro had seen a strong recovery over the last few weeks following the ECB's announcement and the German court decision on the country's involvement in the European Stability Mechanism.
Co-operative Bank triples renewable energy lending
The Co-operative Bank has seen a marked increase in the number of new renewable energy projects it has funded, which has led to it almost tripling its lending to the sector in the past year.
Are you a dinosaur with foreign exchange dealing?
Are you a dinosaur when it comes to transferring money across international currencies?
Recession-hit entrepreneurs delaying retirement
The effect of the market downturn has led to Britain's entrepreneurs delaying their retirement, according to the latest research from borro's Enterprise Ladder Report.
New online tool to max young people’s money skills
Young people are now able to go online for a free tailored money action plan, thanks to the launch of Max Your Money Skills, a new online tool designed to improve the financial skills of 14 to 18 year olds.
New business bank to support up to £10 billion of business lending
Business Secretary Vince Cable has announced the first steps in creating a Government-backed business bank, including new Government funding of £1 billion.
Young entrepreneurs get access to first start-up loans
A start-up scheme that will help launch up to 30,000 new companies has begun providing business support and loans to young people.
Which? calls for Big Change in banking
Which? launches a major new campaign, ‘Big Change', today calling on the banks to put customers first not bankers, as new research shows that banking is one of the least trusted professions.
Nprime opens new site thanks to Santander funding
Sheffield-based data and instrumentation specialist Nprime is expanding its business with the purchase of new premises, backed by a new funding package from Santander Corporate Banking.
Co-operative Bank reviews basic bank account
In response to a lack of positive industry action on the issue of basic banking, The Co-operative Bank has announced a change to its basic bank account - Cashminder, for new customers.
HSBC customers to benefit from access at 11,500 Post Office branches
HSBC has announced that from Spring 2013 all nine million HSBC and first direct personal current account customers will be able to access their bank account at Post Office counters.
Generous Poles send £3 billion home a year
Polish migrants are earning up to four times as much in the UK as they would at home, with a large proportion of the 400,000 plus UK-based Polish community sending their hard earned cash back to Poland to cover the cost of their family’s monthly rent or mortgage, a survey has found.
Brits more likely to switch bank if they could keep account number
Six out of ten people (63%) support the introduction of portable account numbers in the UK and three-quarters (76%) believe that this would make switching accounts easier, according to a survey by Which?.