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.
Is the UK government opening up the banking system to foreign participants?
The UK government's decision to force Lloyds bank and Royal Bank of Scotland to sell significant chunks of their assets and their branch networks could play into the hands of overseas financial companies who have long looked at the UK as a potentially lucrative market. The decision, which was effectively taken out of the hands of the UK government by the EU Commission, will see existing participan...Read More
Northern Rock Ex-Management Face Possible Legal Action
In a move which will be welcomed by many investors and economists it seems as though the ex-management of the fallen Northern Rock may face legal action for their part in the run on the bank. It seems as though the present management, led by Ron Sandler, has initiated lawyers to consider whether there is some kind of case against the former directors and the way the business was run.
Power failure leaves Cahoot customers 'locked out of accounts'
Customers of Cahoot have been reassured of the bank's financial stability, after a power cut left them shut out of their online accounts.The internet bank was hit by the incident on Wednesday and some payments were left unprocessed until Thursday as a result.Cahoot is owned by the Santander Group - a Spanish financial services firm that also controls mortgage lender Abbey.Many customers have becom...Read More
Will UK taxpayers lose out if UK banks are split?
Despite the fact that the UK government believes that splitting UK banks will help introduce more competition into the sector there is a feeling that taxpayers could lose out on their direct investments in the likes of Lloyds bank, Royal Bank of Scotland and Northern Rock. It is believed that Royal Bank of Scotland alone could possibly lose around £2 billion a year in profits simply by spinning o...Read More
Has the UK government just wasted £3 billion on Iceland rescue?
While the UK government took a major risk loaning £3 billion to Iceland after the debacle of the last few weeks it looks as though that money may be at risk with news that the country is still well short of the total funds needed to get the economy back on its feet. This was announced just after they country had agreed a rescue loan of £1.3 billion from the International Monetary Fund (IMF), so...Read More