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Posted Mon, 30/08/2010 - 23:44 by tmark938

General Electric looking at UK online banking market

General Electric looking at UK online banking market

Monday 30th August 2010

US giant General Electric is said to be looking at setting up a UK online banking operation which will be able to take in customer deposits. This is a company which has many different branches and many different operations throughout the world ... Full Story>>

Posted Mon, 30/08/2010 - 05:01 by tmark938

Former Northern Rock chief issues apology

Former Northern Rock chief issues apology

Sunday 29th August 2010

Matt Ridley, the former boss of Northern Rock between 2004 and 2007, has today issued a seemingly heartfelt apology regarding the collapse of the former leading mortgage provider in the UK. Matt Ridley, together with a number of former ... Full Story>>

Posted Sun, 29/08/2010 - 20:42 by tmark938

Will we see the emergence of new banking institutions in the UK?

Will we see the emergence of new banking institutions in the UK?

Sunday 29th August 2010

News that a group of Scottish investors have ploughed £10 million into the relatively unknown Airdrie Savings Bank has caught many in the financial industry by surprise. There is now a feeling that the strained relationship between high street ... Full Story>>

Posted Sun, 29/08/2010 - 00:08 by tmark938

Little-known Scottish Bank receives massive investment injection

Little-known Scottish Bank receives massive investment injection

Saturday 28th August 2010

The Airdrie Savings Bank may well have been around for 175 years but it is a relatively small operation based in the county of Lanarkshire. However, this is a bank which may well hit the headlines in the weeks and months ahead after a group of ... Full Story>>

Posted Thu, 26/08/2010 - 23:30 by tmark938

Lloyds Bank receives record number of complaints

Lloyds Bank receives record number of complaints

Thursday 26th August 2010

In the first six months of 2010 Lloyds Bank received the equivalent of 1850 complaints each and every working day. This is by far and away the highest number of complaints for any banking brand in the UK and surprisingly only 12% of the ... Full Story>>

Posted Mon, 23/08/2010 - 03:17 by tmark938

Which? magazine points to disappointing services in the UK

Which? magazine points to disappointing services in the UK

Sunday 22nd August 2010

Which? magazine has this week placed the UK banking arena at the centre of an argument regarding the level of services available in the UK. A number of prominent banks in the UK have been mentioned with regards to "substandard services" with ... Full Story>>

Posted Sun, 22/08/2010 - 23:21 by tmark938

Barclays Bank customers hit by computer problem

Barclays Bank customers hit by computer problem

Sunday 22nd August 2010

A number of Barclays Bank customers were unable to withdraw money yesterday after a power outage caused the company's LINK ATM service to go down for a 20 minute period. This comes only days after the company announced a deal to outsource ... Full Story>>

Posted Fri, 20/08/2010 - 23:25 by tmark938

New banking group raises £50 million

New banking group raises £50 million

Friday 20th August 2010

A new banking group in the UK, known as NBNK Investments, is looking to attack the UK banking arena and build up a business representing a market share of between four and 6%. It is hoped that the new operation, which so far has no ... Full Story>>

Posted Fri, 20/08/2010 - 20:22 by tmark938

Lloyds Bank exits Ireland

Lloyds Bank exits Ireland

Friday 20th August 2010

Lloyds Bank has today confirmed that its banking licence which enables the company to operate in Ireland will be handed back to the authorities. The company is no longer taking on new business in Ireland as the operation has been a disaster ... Full Story>>

Posted Fri, 06/08/2010 - 01:14 by tmark938

Lloyds Bank to withdrawal interest payments on business current accounts

Lloyds Bank to withdrawal interest payments on business current accounts

Thursday 5th August 2010

In a move which is sure to upset the UK business arena, Lloyds Bank has announced plans to withdraw interest payments on business current accounts, which is currently the norm at Bank of Scotland. While in reality Bank of Scotland business ... Full Story>>