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.
Could more UK banks fall?
After the double whammy of the demise of the US led bailout and the failure of the Bradford and Bingley there are some very nervous banking execs in the UK and around the world. While the Bradford and Bingley was by no means one of the leading UK banks, nobody would have even joked about a collapse prior to the credit crunch. However, here we have it, HBOS saved by a rescue bid from Lloyds Bank...Read More
What is happening at the Dunfermline Building Society?
While the very basis on which the UK building society sector is run should in many ways reduce the possibility of a banking style crisis, it would appear from reports in the weekend press that the Dunfermline building society is in serious financial trouble. If the reports are correct it appears as though the society is on the brink of collapse after a number of investments "went bad" leaving what...Read More
New banking code promises fairer deal for customers
UK borrowers are set to benefit from the introduction of a new code of conduct for lenders, it has been announced. As of today, the code has been amended to ensure banks adopt a more proactive approach to preventing customers from falling into debt. Under the new rules, banks must study the financial records of customers and contact those who are at risk of suffering difficulties. They are also to...Read More
Bank collapse compensation changes set for 2011
The UK government and the Financial Services Authority (FSA) have today announced that various new regulations regarding bank collapses will come into play on 31 December 2010. This will see savers compensated within a seven-day period, if their bank collapses, and also afford protection to those who have loans with the same organisation.
This is all within the EU deposit guarantee...
Moody's slashes debt ratings for UK building societies
The UK building society sector was today shaken by a substantial downgrading of debt across the board. A number of well-known UK building societies have seen their debt ratings slashed to junk bond status after a review by the credit ratings agency Moody's. While there have been issues with some building societies in the UK the reduction of some ratings to near junk bond status is a major blow.