Banking

Tipton and Coseley Building Society - Getting back to business

Preliminary figures released today highlight the ongoing success of the Tipton and Coseley Building Society during 2010.

Santander to lend almost £7bn to UK businesses in 2011

Santander has agreed to deliver £6.7bn of gross new lending commitments to support UK businesses this year, following direct negotiations with the Government. Of this, almost £4bn will be used to support small to medium enterprises (SMEs). This represents an increase of 25% for SME lending and of 12% for its total business lending.

Slippers a few quid for Stress Down Day

Employees at Northern Rock swapped their shoes for slippers in a day which raised another £4,000 for Samaritans on its annual fixture in the fundraising calendar, Stress Down Day.

MPC postpone tackling rising inflation amidst renewed weakness

As expected, the Bank of England left interest rates unchanged at its monthly policy meeting today but it was a less straightforward call than usual.

Bank of England hold firm on interest rates

The Bank of England left rates on hold at 0.5% today for a 23rd consecutive month despite consumer price inflation rising at almost twice the pace of the Bank's 2% target.

10 million Brits can’t find a reason to recommend their bank

As the nation's biggest banks are busy sharing their latest profit reports with the City, research from Triodos Bank reveals that over 10 million bank customers (21% of the adult population) cannot find a single reason to recommend their bank to someone else.

Britons saving for the long haul

American Express Currency Index reveals British heading outside of Eurozone to get better return on their holiday spend.

Customers need simplified advice, BBA tells regulator

Regulatory proposals to reform the financial advice regime need to provide a way for mass market customers to get the advice they need, the British Bankers' Association has told the Financial Services Authority.

Abbey International introduces new 2 year fixed account

Complementing its current Moneyfacts listed Best Buy 3 year and 5 year Fixed Rate Deposit Contracts, Jersey based offshore banking specialists Abbey International has added a new 2 Year Fixed Deposit Contract to their portfolio, with a minimum deposit balance of £100,000.

Travel light this Valentine’s Day with my Travel Cash

Last Valentine’s Day Cupid bestowed a staggering £4.9 billion price tag on romance, with figures revealing that loved-up couples spent an average of £550 on their better-halves.

Northern Rock launches new customer brand campaign

Northern Rock plc has today launched a new brand campaign, ‘Northern Rock. Works for me’. The new campaign has been created following extensive research by Northern Rock into what its customers think about the Company, banking in general and how things can be improved on an everyday basis.

East Londoners at greatest risk of money laundering scam

New research by Financial Fraud Action UK - the name under which banks co-ordinate their fraud prevention activity, shows that consumers are alarmingly unaware of the fake job recruitment scams criminals are increasingly using to dupe people into assisting them in money laundering activity.