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UK Spotlight
City analysts today warned the government that the British economy is set to witness a recession which could last up to 18 months. Capital Economics predicts that the gross domestic product for the...
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Wednesday 1st August 2007
High street banks slammed by consumer group Current accounts from the big high street banks, Barclays, HSBC, Lloyds TSB and NatWest, have been criticised in a study by consumer group Which? The study alleged that both borrowers and savers ...
Monday 30th July 2007
Millions of pounds in forgotten bank accounts National Savings and Investments (NS&I) has announced that there is an estimated £435 million languishing in NS&I accounts that have been inactive for at least 15 years. NS&I is l...
Friday 27th July 2007
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 beli...
Monday 9th July 2007
Banks 'need help' in money laundering fight Banks want more support from government and the private sector to help them tackle the growing problem of money laundering, an anti-fraud expert has said. Karen Briggs, global head of anti-money l...
Thursday 5th July 2007
HMRC 'to raid bank accounts' People who refuse to pay their taxes could have their bank accounts directly raided by HM Revenue and Customs (HMRC) under new plans. The idea is among proposals made in a consultation document pu...
Friday 29th June 2007
British Gas looks to direct debits British Gas has announced plans to substantially increase the number of its customers paying their bills by direct debit. The energy supplier is looking to take advantage of the one-day postal str...
Wednesday 27th June 2007
42 million Brits have no idea about ID theft According to Capital One, 42 million people in the UK have no idea how they can check if their identity has been stolen, while just one in ten knows what procedure to follow if they suspect they ha...
Wednesday 27th June 2007
Cash machines 'give out £18m an hour' Every hour cash machines in Britain give out £18 million, equating to £3 million every ten minutes, new figures have revealed. Statistics released by the British Bankers' Association (B...
Monday 18th June 2007
The old can be sold on internet banking Older consumers, although still the least likely age group to use the internet as their main method of banking, can be persuaded by the convenience of the web to use bank sites as a secondary means...
Friday 15th June 2007
Banks 'not the bad guys' Despite the fact that many people seem unhappy with their bank, complaining of extra fees and high charges on borrowing, the banks are really the good guys, the British Bankers Association (BBA) in...
Friday 15th June 2007
Judge calls for bank charges precedent British law lacks a precedent on legal cases dealing with bank charges, a judge has warned. District court judge Stephen Gerlis told the Today programme that no appellate court decision has been m...
Wednesday 13th June 2007
Strapped students scrounge for freebies The British Bankers Association (BBA) has said it is concerned that students looking to open a new bank account may be tempted by freebie offers when the overall service may not be suitable for the...
Saturday 2nd June 2007
RBS customers experience cash machine problems Royal Bank of Scotland (RBS) has experienced cash machine problems which have left customers unable to draw out money. Natwest, which is owned by RBS, has also been affected by the issue. Millions...
Thursday 31st May 2007
IVA providers to meet with banks Insolvency practitioners and banks are meeting later today in a bid to reach agreement on contentious areas surrounding individual voluntary arrangements (IVAs). IVAs have become a popular way of ...
Thursday 24th May 2007
Banks accused of scare tactics over charges The UK's banks have been accused of trying to 'frighten' their customers into abandoning attempts to reclaim money they paid in unauthorised overdraft charges. Consumer group Which? is urging peop...
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