Banking
Brits pay out unnecessary foreign exchange fees
Britons incurred a staggering £122 million pounds in unnecessary foreign exchange fees when using their credit card abroad last year, new research by Santander Cards has revealed.
Don’t get stung using expensive plastic abroad
Whether it's Valentine's Day in Paris or a half-term family trip to the Alps, many Brits may be thinking about escaping abroad over the next few weeks.
Saga generation overwhelmingly support a special levy on banks
The Saga generation would support a special banking levy to help the taxpayer recoup some of the money spend on supporting the banks.An overwhelming 85% of the 15,688 respondents to a recent Saga Populus Panel survey said they would support a levy on banks similar to that recently announced by U.S. President Obama.
It’s every man for himself now
The Bank of England has revised down its growth forecast for this year and sounded a cautious note on inflation. Growth in 2011 is likely to be 3.2% rather than 4% and inflation is likely to peak at about 3.3.
Better news for building societies
Andrew Hagger of Moneynet.co.uk comments on the news that the Northern Rock 100% savings guarantee is expected to be lifted.
Nationwide wins responsible lender award
Nationwide Building Society has been judged the winner of The Most Responsible Credit Card Lending Practices Award for the third year in a row at The Card Awards.
Lloyds £1 billion pledge to support businesses over next two years
Lloyds Banking Group is pledging to make available at least £1 billion over the next two years, to eligible firms across the UK, as part of a drive to help businesses benefit from the opportunities created by the London 2012 Olympic and Paralympic Games.
Barclays unveil new design for Barclays.co.uk website
The site has had a full makeover with clearer screens, simpler navigation and new features. The new look is in line with the same theme and design used on the online banking site relaunched in July last year.
Job seekers go online to get in-line for new Tesco Bank Career
Tesco Bank unveils new jobs website as it steps up its local recruitment. Tesco Bank has launched a new, user-friendly, careers website as it recruits over 1,800 new roles at customer service centres opening this year in Newcastle and Glasgow.
Let the cultural battle commence
New Post Office Travel Money research suggests that a combination of exchange rates and living costs may prove the deciding factor in a curious three-cornered fight to attract short break visitors between 2010’s European Cultural Capitals – Istanbul (Turkey), Pécs (Hungary) and the Ruhr Metropolis (Germany).
Rollercoaster currency rates sort holiday winners and losers
Thailand, last year’s ‘value’ option, is now one of the world’s most popular holiday destinations, according to Post Office Travel Money.
UK interest rates held at 0.5%
The Bank of England's Monetary Policy Committee today voted to maintain interest rates at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
Skipton and Legal & General to enter distribution agreement
Skipton Building Society and Legal & General have today announced that they have entered a joint distribution agreement for the supply of protection products.
Current account sales up at The Co-operative Bank
The latest data from The Co-operative Bank Current Accounts has revealed a 38% increase in current account sales in 2009.
City Index launches new product for day traders
City Index, a global leader in Spread Betting, Contracts for Differences (CFDs) and margined foreign exchange, today launches ‘Day Trades', a new product which will give 50% reduced margins and 20% lower spreads compared to standard City Index Equities spread bet products on its 20 leading LSE listed shares.