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.
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
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
UK banking sector continues to grow
A survey by the Confederation of British Industry and PricewaterhouseCoopers has confirmed that the UK financial sector continues to improve with profitability increasing for the fifth quarter in a row. However, despite the fact that the growth figure was the fastest quarterly increase since June 2007 it would appear to have fallen short of forecasts from analysts. So what does this mean for the f...Read More
Sir Fred Goodwin's former deputy returns to RBS
Gordon Pell, the former deputy to Sir Fred Goodwin at Royal Bank of Scotland, has today returned to the group after being appointed deputy chairman of the Coutts banking subsidiary. This comes despite the fact that he left Royal Bank of Scotland with a £580,000 pension after the clearout at the top of the management chain at RBS. It is believed that Gordon Pell will receive a salary in the reg...Read More
Irish government claims banks will honour their obligations
The Irish government has today confirmed that it fully expects Irish banks to honour their obligations because a failure to do so would seriously jeopardise the government's ability to raise finance in the future. There is no doubt that concern regarding the Irish banking situation continues to grow and with Anglo Irish Bank's senior debt downgraded by three notches today it is easy to see why som...Read More