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Virgin Applies For Banking Licence In UK

Virgin Money, Richard Branson's Virgin finance offshoot, has today confirmed it has applied for a UK banking licence with the Financial Services Authority (FSA). While this is not a surprise, when...

Is Richard Branson Targeting Northern Rock?

As we covered earlier this week, Richard Branson, via his Virgin Money subsidy, is looking to obtain a banking licence for the UK. While the company would have you believe this is just a natural...

UK Banks Agree To Simplify Future Accounts

The British Bankers Association has confirmed that UK banks have all agreed to abide by simpler accounting methods in the future as a means of comparing like-for-like across the UK financial and...

Is This The End Of Free Banking?

A report in the press today suggests that the vast majority of the UK population are paying a monthly fee for their banking services and indeed we are seeing the end of "free banking". So is this...

HSBC Looks To Reduce Branch Numbers

HSBC is coming under immense pressure after campaigners unearthed plans to close an additional 17 branches on top of the 37 which have been closed this year already. When you also consider the 31...

UK Government Looking To Reorganise UK Banking Sector

It has been revealed by Treasury sources that the UK government has begun a plan to reorganise, and arrange substantial disinvestment, by large UK financial institutions. While many people had...

New Banking Reforms Hit The Marketplace Today

The 1st November will forever be remembered as the pivotal day in the future make-up of the UK consumer banking industry after the Financial Services Authority (FSA) took control. The FSA has...

Halifax Attracts The Wrath Of UK Consumers

The Halifax financial operation, now part of the Lloyds banking group, has today attracted significant criticism from the general financial sector as well as UK consumers. In response to the...

Confusion And Disagreement On UK Bank Split

Despite the fact that the UK government and the Bank of England appear in favour of spitting UK banks into smaller more competitive components, Lord Adair Turner, the chairman of the Financial...

Is It Sensible To Split The UK Banking Sector?

For many years the strength of the UK financial sector has been the very small number of large banking institutions which had very strong balance sheets and access to massive amounts of capital...

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Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

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