Banking
Overhaul for overdraft charges
Over one million customers are awaiting the outcome of the Supreme Court Case between The Office of Fair Trading (OFT) and the UK's biggest banks over alleged unfair overdraft charges.
Bank charges, ifs buts and maybes
Andrew Hagger of Moneynet.co.uk looks at the possibilities for current account customers ahead of the Supreme Court ruling tomorrow.
Lloyds launches world's largest ever rights issue
This morning Lloyds Banking Group announced that it will be offering its shareholders a 59.5% discount on its shares in a bid to raise £13.5bn in fresh capital.
Sterling set for a positive start to the New Year
Duncan Higgins, senior analyst at Caxton FX says that, "The pound has mirrored this improvement, gaining 8% from its lowest point in December 2008, when it hovered just above parity with the euro. As we near the end of this year, sterling is trading in a far stronger position with economic figures continuing to show improvement."
Borrowers warned over SVR complacency
Standard Variable Rate (SVR) mortgage deals are now charging on average, 4.7 per cent interest; a reduction of just 0.98 per cent in twelve months compared to a 2.5 per cent fall in Base Rate over the same period, according to analysis from moneysupermarket.com.
Banks may face further 8 million bank charges claims
The UK's banks could yet be flooded with another 8 million bank charges claims, says Which?.
Barclays Local Business responds to flood crisis
Responding to the implications of the recent flooding across areas of the UK, Barclays Local Business has today announced that it will be offering a financial support package to all of its affected business banking customers.
Skipton International launches two new fixed rate bonds
Two new fixed rate bonds have been launched by Skipton International offering customers competitive rates of interest over six and twelve month terms.
Moneyextra.com: New Santander current account
Peter Gerrard from Moneyextra.com provides his advice to customers on the new Santander current account: "A new current account without fees is definitely a step in the right direction in shaking up the lethargic current account market.
Santander Zero Current Account
Commenting on the launch of the new Santander Zero Current Account, Kevin Mountford, head of banking at moneysupermarket.com, said:
Santander launches ZERO Current Account
Santander has outlined the first of a series of initiatives aimed at radically changing retail banking in the UK, giving existing customers the chance to benefit from its success in becoming the most efficient bank in the UK.
Government welcomes approval of Lloyds restructure
The Government has today welcomed the European Commission's state aid approval for the restructuring of Lloyds Banking Group.
Brits spending and saving habits
Following the unveiling of last week's biggest ever UK lottery winners, new research from The Co-operative Bank Current Accounts reveals the nation's current attitudes to money.
Bank charges court result date has been set
The Supreme Court has announced its judgement on the Bank Charges test case will be given at 9.45am at its Parliament Square HQ, London, next Wednesday 25 November 2009.
Santander celebrates five years in the UK
Since Banco Santander acquired Abbey, five years ago this week, former Abbey shareholders have seen their Santander shares rise 61%.