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.
Bank charges row goes to court
The Office of Fair Trading (OFT) and a group of big-name banks will tomorrow commence High Court proceedings to decide the legality of unauthorised overdraft charges.The OFT has said that it believes the charges to be unfair and is seeking to prove it in court, in a test case that could open a can of worms for the banks if the ruling goes against them.In the interim of the case, the Financial Serv...Read More
Irish government pushed into a corner over deposit guarantees
While just yesterday the headlines were suggesting that the Irish government had been one of the bravest in Europe with a massive rescue package which saw all deposits in Irish banks guaranteed by the authorities, a different story is being told today. Was it more a case of being pushed than jumping?
News is emerging that the Irish government were concerned that as late as the week...
Treasury select committee summons nine UK bankers
The powerful Treasury select committee has issued summonses to 9 of the U.K.'s former leading bankers as they attempt to get to the bottom of the reasons why the UK financial system went into meltdown. Those in attendance include Sir Fred Goodwin, Sir Tom McKillop, Andy Hornby, Lord Stevenson of Coddenham, Stephen Hester, Eric Daniels, John Varley, Paul Thurston and Antonio Horta-Osorio.
EU approves changes at Lloyds bank
The European Union Commission has today approved the UK government state aid invested into Lloyds bank which will be rubberstamped in exchange for an agreement that 600 Lloyds branches will be sold off. This now leaves the way open for the £21.5 billion refinancing which Lloyds bank announced some days ago and which had been subject to speculation regarding potential EU approval. So what next?
Leeds building society announces record savings
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 society's membership number to 680,000 with savings now standing at £6.8 billion, an increase of £225 million over the period in question. Profits at the buil...Read More