Am I at risk from identity theft?
Over the last few years the threat of ID theft in the UK and around the world has increased dramatically with more and more people now on the radar of the fraudsters and scammers. However, the vast majority of people who may be at risk from identity theft are still unaware of problems which may await them in the future. So are you at risk of identity theft?
There is no doubt that the introduction of the Internet to many homes and businesses around the world has increased the potential market for identity theft. Each of us is just a click away from a potentially fraudulent e-mail or fraudulent contact via a website. We all need to be aware of the risks, retain control of our confidential information and ensure that we do not give information to unknown third parties.
Many of the scams appearing at the moment are financial offers and financial advice which are literally too good to be true. If you have not requested any financial advice or neither inquired about a financial product then why would you entertain anybody who cold calls you? There is no doubt that the fraudsters have taken advantage of the economic situation to maximise their potential victim base.
FSA looking to investigate UK banking collapse
It has been revealed that the Financial Services Authority (FSA) is set to investigate the collapse of the UK banking sector which led to the bailout of Royal Bank of Scotland, HBOS and eventually Lloyds bank. Quite why the investigation has been instigated at this moment in time is a little mysterious with some suggestions that the government and the authorities are looking to deflect any potenti...Read More
Irish government steps in to save its own banking system
They could not do it in the US, they keep talking about it in the UK but the Irish government has taken the bold step of guaranteeing the debts and deposits of the country's six largest financial institutions. The move, which has given a massive lift to the sector after weeks of concern, will cost around $700 billion in its entirety but the chances are that the vote of confidence will be enough a...Read More
2008 ends on a disappointing note for the banking system
It has today been revealed that many Nationwide customers are missing December salary payments which have not yet been credited to their accounts. It appears that after an "overnight processing problem" a number of accounts have not been updated with automatic debit and credit payments leaving many customers short of funds and possibly facing late payment charges for direct debits which have not b...Read More
Moody's slashes debt ratings for UK building societies
The UK building society sector was today shaken by a substantial downgrading of debt across the board. A number of well-known UK building societies have seen their debt ratings slashed to junk bond status after a review by the credit ratings agency Moody's. While there have been issues with some building societies in the UK the reduction of some ratings to near junk bond status is a major blow.
Royal Bank of Scotland to be scaled down
This week will see plans unveiled for the substantial scaling down of the Royal Bank of Scotland banking operations. Over the next 3 to 5 years it is expected that 25% of the balance sheet will disappear as the group returns to basics for future stability. The banking operation will also see up to £300 billion of potentially toxic investments moved into its separate operation which will be wound...Read More