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Posted Thu, 11/03/2010 - 21:20

Zürich authorities investigating HSBC data theft

Zürich authorities investigating HSBC data theft

Thursday 11th March 2010

The Zürich authorities are said to investigating an alleged theft of data by a former employee of HSBC which has placed up to 24,000 Swiss client accounts at risk. The authorities are looking into HSBC's individual security measures and ... Full Story>>

Posted Wed, 10/03/2010 - 17:25

Online fraud continues to grow

Online fraud continues to grow

Wednesday 10th March 2010

Despite a concerted effort by the UK banking community, regulators and the UK government it seems that more and more people are falling victim to online banking scams. So called "phishing" attacks have grown in number from just 1,700 five ... Full Story>>

Posted Mon, 08/03/2010 - 06:01

Royal Bank of Scotland branch sales under threat

Royal Bank of Scotland branch sales under threat

Sunday 7th March 2010

In a move which is certain to limit the number of companies potentially interested in the 318 Royal Bank of Scotland branches up for sale, it has been revealed that prospective buyers will need to find additional funding of £2 billion to ... Full Story>>

Posted Mon, 08/03/2010 - 06:00

Coventry building society in merger talks with smaller competitor

Coventry building society in merger talks with smaller competitor

Sunday 7th March 2010

The Coventry building society has today confirmed talks are progressing with the Stroud and Swindon building society to create a group which would have around £20 billion in assets. While talks are at a very early stage it is believed that the ... Full Story>>

Posted Sun, 07/03/2010 - 06:28

Is free banking under threat again?

Is free banking under threat again?

Saturday 6th March 2010

As the UK banking arena moves out of recession and back into a growth phase there are growing concerns that so called "free banking" is again under threat. While in reality there is no such thing as "free banking" in the UK or anywhere around ... Full Story>>

Posted Mon, 01/03/2010 - 06:35

Citigroup looking to offload Egg

Citigroup looking to offload Egg

Sunday 28th February 2010

US financial giant Citigroup is reported to be looking for buyers for its Egg Internet banking operation which was acquired back in 2007 for over £500 million. The operation, which was originally part of the Prudential Group, has been hit by ... Full Story>>

Posted Fri, 26/02/2010 - 06:07

Royal Bank of Scotland to be investigated by the FSA

Royal Bank of Scotland to be investigated by the FSA

Thursday 25th February 2010

The Financial Services Authority (FSA) has today confirmed that the complaints procedure currently in place at the Royal Bank of Scotland is to be investigated. This comes at a time when record complaints have been received by the Financial ... Full Story>>

Posted Thu, 25/02/2010 - 21:51

Are international banking regulation changes being quietly dropped?

Are international banking regulation changes being quietly dropped?

Thursday 25th February 2010

Mervyn King, the Gov of the Bank of England, has today voiced his concern that previous vocal support for wholesale changes to the UK and international banking arena may well be starting to subside. There is a growing concern that as the ... Full Story>>

Posted Thu, 25/02/2010 - 21:49

Lloyds Bank attracts record complaints

Lloyds Bank attracts record complaints

Thursday 25th February 2010

The Financial Ombudsman Service has today issued figures relating to complaints received about banks in the UK. In the final six months of 2009 the ombudsman received just over 20,000 complaints regarding Lloyds bank group, split between ... Full Story>>

Posted Wed, 24/02/2010 - 05:43

Leeds building society announces record savings

Leeds building society announces record savings

Tuesday 23rd February 2010

At a time when the UK banking sector, and the building society sector especially, is under pressure, today saw the Leeds building society announce record savings and more than 71,000 new customers over the year. This now takes the building ... Full Story>>