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07/09/2010 - Loan claim: Virgin Money to open new Edinburgh HQ | 07/09/2010 - PPI: HSBC chairman to become trade minister | 07/09/2010 - Bank claims: Bob Diamond to become new Barclay's boss | 06/09/2010 - PPI: Six million Britons affected by HMRC blunder | 06/09/2010 - Loan Protection: Interest rates expected to be frozen for rest of 2010 | 03/09/2010 - Credit card rates could be set to rise following record write-offs | 03/09/2010 - Bank claim: Economists predict interest rate freeze until mid-2011 | 03/09/2010 - Loan protection: HSBC threatens to leave UK | 02/09/2010 - PPI Claim: RBS to cut 3,500 UK jobs | 02/09/2010 - PPI: UK pensioners advised to shop around for best annuity rate

Latest PPI News

PPI News Archive

Loan claim: Virgin Money to open new Edinburgh HQ

Virgin Money has announced it will open a new operations centre in Edinburgh next year.

The move will create an initial 200 jobs, with the firm planning to offer more positions as it expa...

07/09/2010 17:39:38

PPI: HSBC chairman to become trade minister

HSBC chairman Stephen Green is set to join the coalition government next year as trade minister, it has been revealed.

The move will bring an end to Mr Green's 28-year association wit...

07/09/2010 17:38:44

Bank claims: Bob Diamond to become new Barclay's boss

Barclays has confirmed that US banker Bob Diamond will become the firm's chief executive next year.

Mr Diamond will take over from current boss John Varley in March 2011, who has been...

07/09/2010 17:37:51

PPI: Six million Britons affected by HMRC blunder

Six million Britons could be affected by a computer error by HM Revenue and Customs which has miscalculated the amount workers owe in tax.Around 1.5 million employees will be forced to pay an average ...

06/09/2010 16:27:18

Loan Protection: Interest rates expected to be frozen for rest of 2010

Interest rates will be frozen at their historically low rate for the rest of the year, according to an expert.The base rate is currently set at 0.5 per cent and the Bank of England's Monetary Poli...

06/09/2010 16:26:51

Credit card rates could be set to rise following record write-offs

Credit card rates could be set to rise following the record level of debt that banks have been forced to write off, it has been claimed.Figures released by The Bank of England show that providers wrot...

03/09/2010 17:38:01

Bank claim: Economists predict interest rate freeze until mid-2011

Interest rates will be frozen until the middle of 2011 as the international economy slows down and government cuts take affect, according to experts.A poll of 60 economists conducted by Reuters has re...

03/09/2010 17:37:24

Loan protection: HSBC threatens to leave UK

HSBC could leave its London headquarters if the coalition government pushes through plans to split up big banks, according to a senior official.The Liberal Democrats proposed that traditional retail b...

03/09/2010 17:36:46

PPI Claim: RBS to cut 3,500 UK jobs

Royal Bank of Scotland (RBS) has announced it will cut 3,500 jobs across the UK as it aims to drive down costs.Staff in the firm's back office, technology and property units will be laid off as a ...

02/09/2010 17:22:15

PPI: UK pensioners advised to shop around for best annuity rate

UK pensioners should shop around before purchasing an annuity to ensure they are getting the best deal, according to an expert.Research by financial website moneyfacts.co.uk has found that the average...

02/09/2010 17:20:43

Bank claims: 4m still unable to use LINK ATMs

Around four million benefit recipients can not withdraw funds from an ATM, according to new research.LINK, the UK cash machine network, has revealed that the four million consumers who have a governme...

02/09/2010 17:20:03

Bank claim: Banks write off record level of credit card debt

UK banks wrote off a record level of credit card debt in the second quarter of this year, according to new figures.

The Bank of England has revealed firms wrote off £2.1 billion in ...

01/09/2010 17:26:42

PPI claim: Credit Suisse avoids tax with late bonuses

Credit Suisse avoided the banker bonus tax by announcing it will award its executive staff with a surprise one-off payment, it has been claimed.

Yesterday (August 31st), the Swiss bank co...

01/09/2010 17:25:41

PPI: Saving account rates are 'unclear'

The interest rate being paid on certain saving accounts is often unclear, it has been claimed.

Some UK banks send an annual list of the rates available with every account to their custome...

01/09/2010 17:24:47

PPI: BoE could restrict mortgage lending

The Bank of England (BoE) could restrict mortgage lending in an effort to reduce the risk of another financial crisis, it has been revealed.Homebuyers could be required to put down deposits of between...

31/08/2010 17:56:22

Good credit card rates 'unobtainable'

The majority of UK consumers are unlikely to be successful in their application for an attractive credit card deal, it has been revealed.Financial website thisismoney.co.uk has reported that one in tw...

31/08/2010 17:54:39

Payment Protection Reclaim: Annuity rates hit all-time low

Annuity rates have hit an all time low following a spate of reductions over the summer, according to new research.Financial website moneyfacts.co.uk has revealed that the average rate for a male aged ...

31/08/2010 17:53:32

Credit Card Claims: UK building society lost customer data

Yorkshire Building Society has confirmed it lost confidential customer information earlier this year.An unencrypted laptop containing a portion of Chelsea Building Society's customer database was ...

27/08/2010 16:39:48

PPI: Consumers urged to consider merits of high-rate accounts

UK consumers have been urged to carefully consider if an account with a high introductory rate is right for them.A recent Which? report revealed there are often strict conditions attached to regular s...

27/08/2010 16:38:21

Bank claims: Santander received nearly 250k complaints in six months

Around 250,000 complaints were made to Santander in the first half of the year, it has been revealed.The Spanish bank has confirmed that it received 244,978 complaints from January until the end of Ju...

27/08/2010 16:37:11

Loan Protection: Lloyds receive 2,000 complaints a day

Lloyds TSB has revealed that it has received just under 2,000 complaints a day since the beginning of 2010.Around 300,000 complaints were sent into Britain's biggest bank in the first six months o...

26/08/2010 18:02:07

Bank loan: UK building society to withdraw inflation-beating Isa

A UK building society is set to withdraw its inflation-beating Isa after just ten days, it has been revealed.
National Counties Building Society has confirmed that it has had to stop selling the...

26/08/2010 18:00:49

PPI Reclaim: UK consumers should 'monitor' finances

UK consumers should consistently monitor their finances in order to ensure they do not go into debt, it has been claimed.David Rodger, managing director of the Debt Advice Foundation, has warned that ...

25/08/2010 17:15:24

Bank claims: Societe Generale fined £1.6m

The Financial Services Authority (FSA) has fined the London branch of Societe Generale £1.6 million for failing to provide accurate transaction reports.The firm did not hand over 80 per cent of ...

25/08/2010 17:14:21

PPI: Savers 'forced' to accept low rates

UK savers are now forced to accept low rates as all banks are currently offering poor returns, it has been claimed.The Daily Mail reports that rates have been cut on 31 fixed and variable savings acco...

25/08/2010 17:13:29

Bank claims: UK consumers should 'consider' switching current accounts

UK consumers should seriously consider switching their current accounts to make sure they are getting the best deal, it has been claimed.Recent research by Spanish bank Santander revealed that Britons...

24/08/2010 17:11:37

PPI claim: A&L customers 'unable' to access accounts following transfer

Former Alliance and Leicester (A&L) customers are unable to access their accounts, according to reports.Financial website thisismoney.co.uk has revealed that numerous ex-A&L customers have bee...

24/08/2010 17:09:57

Loan protection: UK at 'risk' of double-dip recession

The UK may be at risk of slipping back into recession, it has been claimed.Martin Weale, the newest member of the Monetary Policy Committee (MPC), expressed his belief that it would be "foolish&q...

24/08/2010 17:09:12

PPI: Interest rates could soar to 8 per cent, borrowers warned

Consumers with credit card debts or mortgages could be hit hard by an anticipated rise in the base rate of interest over the next couple of years.While the Bank of England's monetary policy commit...

24/08/2010 17:08:37

Loan claim: UK consumers 'unhappy' with high-street banks

UK consumers continue to be disappointed with the levels of customer service provided by the major high street banks.Consumer magazine Which? has released its Money People's Choice poll which surv...

23/08/2010 17:31:30

PPI: 'Reckless' lenders offer cheap credit card deals

Lenders are being "reckless" by offering consumers introductory credit card rates following the economic downturn, it has been claimed.Research from comparison website moneysupermarket.com h...

23/08/2010 17:30:47

Bank claims: Insolvencies lead to higher credit card rates

Credit card rates are continuing to rise as lenders fear customers may not be able to keep up their repayments, it has been claimed.The Bank of England's (BoE) latest Trends in Lending report has ...

23/08/2010 17:30:05

PPI claims: MasterCard buys Datacash in £333m deal

MasterCard has agreed to buy electronic payments provider DataCash for £333 million, it has been revealed.The online payment market has become increasingly competitive and MasterCard is aiming t...

20/08/2010 17:29:41

PPI claims: Lloyds exits Irish banking market

Lloyds banking group has confirmed it is set to withdraw its banking operations in Ireland.The firm will hand back its license after posting huge losses in the country in recent months.From the end of...

20/08/2010 17:28:57

Bank charges: Lenders urged to clarify saving account rates

Financial institutions have been urged to clearly display the interest rate they are paying on savings accounts.Lenders do not currently show the interest rate on paper or online statements which has ...

19/08/2010 17:33:20

Loan Protection: Credit card borrowing rises despite low base rate

The cost of borrowing on a credit card has increased despite the historically low interest rate, according to new research.The Bank of England's latest Trends in Lending report has revealed that t...

19/08/2010 17:32:37

Loan protection: MPC member votes for rates rise

A member of the Monetary Policy Committee (MPC) voted for a rise in interest rates for the third consecutive month, it has been revealed.Minutes from this month's MPC meeting have been released wh...

18/08/2010 17:15:00

Loan protection: Savers 'must pay' £155 to beat inflation

Savers have to pay a large sum for a packaged account or switch bank accounts to beat inflation, it has been revealed.The retail prices index for July dropped to 4.8 per cent and the consumer prices i...

18/08/2010 17:13:33

Bank charges: Consumers have 'no proof' of deposit at paying-in machines

UK consumers have been warned that some bank paying-in machines do not provide sufficient evidence of a deposit.The machines are prevalent throughout bank branches across the country but many of them ...

18/08/2010 17:12:30

Loan protection: Banks should form relationships with smaller firms

Banks should form personal relationships with smaller firms in a bid to stimulate the economy, it has been claimed.Last week, the British Banking Association announced that it would set up a taskforce...

17/08/2010 17:32:30

PPI: Barclays to pay $298m for trading breach

Barclays bank has agreed to pay a settlement of $298 million (£190 million) after it allegedly conducted illegal transactions with five different countries.The firm has been charged with violati...

17/08/2010 17:31:28

Bank claims: Savers still struggling despite drop in inflation

Savers are still struggling to beat inflation despite a drop in the Consumer Price Index (CPI) this month.CPI fell to 3.1 per cent in July, a drop of 0.1 per cent compared to June following reduced tr...

17/08/2010 17:30:36

Loan Protection: Credit Suisse cuts 75 jobs

Swiss bank Credit Suisse has announced it will cut 75 jobs from its UK operations.The firm has been hit by reduced income following the European debt crisis as clients become more cautious with their ...

17/08/2010 08:04:21

PPI: General Electric set to open online bank

US conglomerate General Electric is expected to open the first online bank in the UK since the credit crunch.GE Capital, the group's financial arm, will offer a range of savings accounts to attrac...

16/08/2010 17:40:36

Bank claims: Natwest charter is a 'farce'

Natwest's customer charter has been deemed a farce by an ex-employee of the firm, it has been revealed.The firm pledges to be 'Britain's most helpful bank' by extending opening hours a...

16/08/2010 17:39:31

PPI: No bank accounts are 'free'

No bank accounts can be considered to be free even if they do not charge a monthly fee, according to an expert.Many firms claim to offer free banking but low interest rates, high overdraft char...

16/08/2010 17:38:26

Credit card charges: Barclays rejects lending plan

A leading Barclays' executive has rejected proposals to encourage banks to increase lending to smaller firms.The coalition government has introduced lending targets to part-nationalised firms Lloy...

13/08/2010 17:18:09

PPI claim: Barcap announces 400 global job cuts

Barclays Capital (Barcap), the investment banking arm of Barclays, has announced it will cut 400 global staff in a bid to cut costs.Around 130 European staff will be made redundant, with the vast majo...

13/08/2010 17:17:07

Bank claims: HMRC issues warning over phone scam

A group of thieves is attempting to steal taxpayer's bank details in a telephone scam, it has been revealed.The group pretend to be from HM Revenue & Customs (HMRC) and inform consumers that t...

12/08/2010 17:14:18

PPI refunds could reach £2.7bn

UK lenders could issue around £2.7 billion in payment protection insurance (PPI) refunds, it has been revealed.The Financial Services Authority (FSA) recently announced new guidelines which will...

12/08/2010 17:12:29

PPI legislation could cost lenders £3.2bn

Firms could face a collective bill of £3.2 billion for implementing the new set of payment protection insurance (PPI) regulations.The Financial Services Authority (FSA) has introduced new measur...

12/08/2010 17:11:53

Hackers steal £675k from online bank accounts

A banking trojan has stolen around £675,000 from 3,000 UK bank accounts, it has been revealed.The zeus v3 virus has only affected customers who bank online at one financial institution which is yet to...

11/08/2010 17:24:49

PPI: Bank of Ireland posts £1bn loss

Bank of Ireland has announced a pre-tax loss of 1.24 billion euros (£1billion) for the first half of this year.The firm has been hit badly by a series of bad loans which cost the company around 1.8 bi...

11/08/2010 17:23:08

Bank claim: Interest rates could be frozen as BoE predicts inflation drop

Interest rates could remain at their current rate for the foreseeable future following the Bank of England's (BoE) prediction that inflation would drop within two years.BoE governor Mervyn King claime...

11/08/2010 17:22:30

FSA aim to improve PPI complaints process

The Financial Services Authority (FSA) has announced a raft of measures aimed to help protect consumers who purchase and complain about payment protection insurance (PPI).The body has confirmed that a...

10/08/2010 17:37:33

Bank charges: Credit card rates continue to rise

Credit card interest rates are continuing to rise, it has been revealed.Research by consumer website moneysupermarket.com has revealed that although credit card promotion offers are at an all time hig...

10/08/2010 17:36:31

PPI claim: High bank fees 'unjustified' alongside high-profits

UK consumers should not be charged high bank fees while banks register such large profits, it has been claimed.Several major UK banks have recently announced substantial profits in their interim resul...

10/08/2010 17:35:02

Loan claim: Lenders cut mortgage rates

A host of mortgage lenders have cut the cost of their fixed-rate mortgages, it has been revealed.Last week, Nationwide and Coventry building societies both reduced rates, while HSBC recently launched ...

09/08/2010 17:46:11

PPI: Bank chiefs to form lending taskforce

Six UK bank chiefs are set to form a new taskforce designed to help increase lending to smaller companies.The new group will assess applications for credit by firms and make recommendations in order t...

09/08/2010 17:44:56

Loan Protection: Banker bonuses rise by 25%

Banks have increased their bonus payouts by around 25 per cent over the past year, it has been revealed.Financial website thisismoney.co.uk has obtained figures from the Office of National Statistics ...

09/08/2010 17:44:09

Bank charges: Barclays Capital set aside £1.7 billion for bonuses in last six months

Barclays Capital – the investment banking division of Barclays - set aside £1.7 billion for bonuses in the first half of the year, according to figures released this week.The bank announced profits of...

06/08/2010 17:45:04

Bank claim: Figures show a drop in bank lending to small businesses, despite profits

Banks are not lending enough to small businesses despite massive profits and government pressure, according to a non-profit business organisation.The Forum of Private Business claims that despite a mo...

06/08/2010 17:42:29

Loan Reclaim: Citigroup set to sell Egg

Citigroup is set to sell its online bank Egg in an effort to reduce costs, it has been revealed.

The American banking group is hoping to attract interest from a number of potential bidder...

05/08/2010 17:20:20

PPI: Interest rates held at 0.5%

The Bank of England has decided to keep interest rates at 0.5 per cent amid apparent concerns over the strength of the economic recovery.The bank's Monetary Policy Committee (MPC) voted to freeze the ...

05/08/2010 17:19:08

Bank loan: Football savings accounts offer poor returns

Football fans are paying for their club loyalty as they receive poor returns on their side's branded savings accounts.

Many financial institutions, such as Norwich & Peterborough buil...

05/08/2010 17:17:46

Loan Reclaim: Arrests made over bank scam

Six people have been arrested for their role in an internet banking scam which affected over 20,000 bank accounts and credit cards.

The group are thought to have compiled fake websites an...

04/08/2010 17:39:38

PPI: Norwich & Peterborough savers hit by rate cuts

Norwich & Peterborough is set to cut the interest rates on three of its easy-access savings accounts.

The building society will slash rates by up to 0.35 per cent from October 6th as ...

04/08/2010 17:38:07

Bank claims: Interest rates 'could rise' next year

Interest rates could rise significantly over the next 12 months, it has been claimed.Sir John Gieve, the former Bank of England (BoE) deputy-governor, expressed his belief that the base rate will have...

04/08/2010 17:36:45

PPI claim: Santander set to buy RBS branches

Santander is set to complete the purchase of over 300 Royal Bank of Scotland (RBS) branches.The Spanish firm will take control of 318 RBS branches in a deal which will make Santander the fourth bigge...

03/08/2010 17:35:32

Bank claim: Interest rates predicted to be frozen

Interest rates are likely to remain at their current levels for the foreseeable future, according to a leading economist.Michael Baxter, editor of Investment and Business News, expressed his belief th...

03/08/2010 17:34:44

Loan reclaim: Savers warned over 'bonus' accounts

Savers have been warned about applying for accounts which come with a short-lived introductory bonus rate.Many banks attempt to attract consumers to savings accounts by offering a preferable interest ...

03/08/2010 17:32:18

Bank claims: Nationwide to charge for foreign transactions

Nationwide current account holders will soon be faced with more charges for using their cards abroad.

The firm has confirmed that FlexAccount customers will have to pay a two per cent cha...

02/08/2010 17:13:12

Britons set to waste £62m on foreign credit card charges

Britons are set to spend £62 million on unnecessary credit charges while abroad between now and the end of the year, according to research.The Post Office has revealed that £3 billion will be spent on...

02/08/2010 17:11:54

PPI: Savers struggling to find good rates

Savers are struggling to achieve a decent return on their investments and should consider fixed-rate accounts to beat the historically low interest rate, it has been claimed.George Ladds, head of inve...

02/08/2010 17:10:54

Bank Claims: Northern Rock cuts Isa rates

Savers have been dealt another blow after Northern Rock confirmed it has cut the rates on its Isas.The firm has announced that returns on its one-year, three-year and five-year Isas will all be reduce...

30/07/2010 16:47:07

Tesco Bank loses PPI complainant's data

Tesco Bank has lost the personal details of customers who were complaining about being mis-sold Payment Protection Insurance (PPI), according to reports.Financial website thisismoney.co.uk has found ...

30/07/2010 16:46:16

Lloyds urged to re-consider PPI withdrawal

Lloyds TSB has been urged to re-consider its decision to stop selling Payment Protection Insurance (PPI).Earlier this week, the UK bank announced it would no longer sell the policies for any financia...

29/07/2010 17:21:58

Bank claims: FSA plans to extend bonus rules

The Financial Services Authority (FSA) could extend current legislation on bonus restrictions to all financial institutions.Currently, the rulings only apply to 27 major banks, building societies and ...

29/07/2010 17:21:04

PPI claim: Metro Bank 'fails to revolutionise' banking system

Metro Bank fails to offer consumers the "full-scale banking revolution" they have been craving, it has been claimed.The firm is the first new high street bank to open in the UK for over 100 years foll...

29/07/2010 17:19:00

PPI: King predicts interest rates unlikely to return to 'normal' level soon

Bank of England governor Mervyn King has expressed his belief that interest rates are unlikely to rise in the near future.Mr King, addressing the Treasury Select Committee in London today (July 28th),...

28/07/2010 17:27:20

Bank charges: Savers kept in dark over rate changes

UK savers are often not properly notified about changes in interest rates, according to new research.Consumer magazine Which? has revealed that only five of the 12 banks investigated guarantee to pers...

28/07/2010 17:26:35

PPI reclaim: Savers missing out on £9.4bn

Savers are missing out on £9.4 billion worth of interest every year by failing to shop around for the best deal, according to new research.Comparison website moneysupermarket.com has revealed that 57 ...

27/07/2010 17:16:15

Lloyds stop selling PPI

Lloyds Banking Group has confirmed it has stopped selling payment protection insurance (PPI).All of the firm's brands, including Halifax and Bank of Scotland, will no longer sell the policies for lo...

27/07/2010 17:15:34

Credit card charges: Holidaymakers should avoid currency conversion fee

Holidaymakers should always pay using local currency to avoid hidden credit card charges, it has been claimed.Financial website thisismoney.co.uk has urged Britons planning a trip abroad to be vigilan...

26/07/2010 17:21:55

PPI reclaim: Interest rates could be frozen until 2014

Interest rates could be frozen at their current rate until 2014, it has been claimed.In March 2009, The Bank of England cut interest rates to just 0.5 per cent – an historically low rate which has not...

26/07/2010 17:19:31

Loan protection: Banking tax 'may be cut'

The banking tax introduced by the coalition government may be cut in the future, it has been claimed.In June, George Osborne announced that all financial institutions with liabilities of more than £20...

23/07/2010 17:09:55

PPI: Economy growth could lead to interest rate rise

The growth of the UK economy could lead to a rise in interest rates, it has been claimed.Research from the Office for National Statistics has revealed that the economy grew 1.1 per cent in the second ...

23/07/2010 17:07:57

Bank Claims: HSBC customer accounts changed without permission

HSBC are switching customer's bank accounts without seeking their permission, it has been revealed.Financial website thisismoney.co.uk has revealed that the bank is automatically moving customer's fro...

23/07/2010 17:07:16

Bank claims: BoE chief expresses concern for UK economy

The UK economy is set to be hit by the effects of lower growth, high inflation and rising unemployment, according to the chief economist of the Bank of England (BoE).Spencer Dale expressed his belief ...

22/07/2010 17:13:57

Credit card charges: Britons waste £150m a year on late payment charges

UK consumers are wasting £150 million a year on late credit card payment charges, according to research.Comparison website confused.com has revealed that the 33 million UK credit card accounts are cha...

22/07/2010 17:12:57

Bank claims: UK taxpayers could pay out more to RBS

UK taxpayers could be forced to help bail out Royal Bank of Scotland (RBS) again in the future, it has been claimed.The Asset Protection Agency, has revealed that the Treasury may have to give more m...

22/07/2010 17:12:17

Bank Refunds: Clydesdale and Yorkshire customers hit by payment error

Thousands of Clydesdale and Yorkshire bank customers will be hit with higher mortgage repayments after their monthly charges were miscalculated.Around 18,000 UK consumers have been alerted to the faul...

21/07/2010 17:24:13

Bank Claims: UK Consumers should consider packaged accounts

Britons should carefully consider the merits of packaged accounts before applying for them, an expert has claimed.Packaged or bundled accounts charge consumers a monthly fee of around £15 in exchange ...

21/07/2010 17:23:03

Bank Claims: UK banks must fill £390m funding gap

UK banks will need to replace around £390 million of income next year as maturing bonds and the withdrawal of grants hits firms.Financial analysts Nomura warned of the impending funding constraints du...

21/07/2010 17:22:15

Loan Protection: Goldman Sachs staff share £2.5bn remuneration pool

Goldman Sachs staff received a £2.5 billion remuneration package despite the company reporting huge losses.The Wall Street firm confirmed that net income in the second quarter of 2010 fell to $613 mil...

20/07/2010 17:18:02

PPI refunds: Banks to 'benefit' from withdrawal of tax-free savings certificates

UK banks will benefit from the withdrawal of National Savings and Investments (NS&I) savings certifcates, it has been claimed.NS&I pulled its popular interest and index-linked deals yesterday ...

20/07/2010 17:16:58

PPI: Inactive bank accounts will be raided to fund Big Society

David Cameron has announced that the government's Big Society scheme will be funded by inactive bank accounts.The prime minister confirmed that 'hundreds of millions of pounds' will be taken from dorm...

19/07/2010 16:57:41

Bank claims: NS&I withdraws inflation-linked savings certificates

National Savings and Investments (NS&I) has withdrawn its inflation-beating savings certificates following unprecedented demand.With high levels of inflation and low interest rates, consumers have...

19/07/2010 16:09:57

Loan Insurance: Government should 'protect' savers from inflation

The government should do more to help savers protect their investments from inflation, it has been claimed.Inflation figures show that Consumer Price Index (CPI) has fallen marginally to 3.2 per cent,...

19/07/2010 16:08:24

Bank Claims: Treasury boosted by bankers' bonus tax income

The British Treasury has been boosted to the tune of $358 million just by the taxes levied on bonuses given out to JP Morgan Chase staff, it has been reported.According to newly-published figures from...

16/07/2010 10:24:11

Bank Charges: Bank of England 'not blameless for economic crisis'

The Bank of England should acknowledge its role in helping to create the current financial crisis gripping the UK, it has been claimed.Coming as many British consumers struggle with their personal fin...

16/07/2010 10:19:38

Scottish consumers dealt fresh bank charges refund blow

Scottish consumers keen to sue over unfair bank charges have been dealt a blow in a landmark court case.Until this week, it had been the case that any customer keen to take a high street bank to court...

16/07/2010 10:06:45

Bank loan: More Britons likely to be in debt in the future

The number of Britons struggling with debt over the coming years is likely to increase in the future, it has been claimed.David Rodger, managing director of Debt Advice Foundation, claimed job cuts, p...

15/07/2010 17:37:58

PPI: Credit card rates hit eight year high

Credit card interest rates have reached their highest level for eight years, it has been revealed.Moneysupermarket.com has found that the average credit card rate charged last month was 16.69 per cent...

15/07/2010 17:36:40

Bank Charges: Banks turn away 'unprofitable' bankrupt consumers

Bankrupt consumers in the UK are being refused bank accounts because they are not seen as profitable consumers by providers, it has been claimedIan Boden-Smyth, spokesperson for The UK Insolvency Help...

15/07/2010 17:34:33

Payment Protection: Treasury considers £2.5bn bank tax

The proposed £2.5 billion banking levy moved a step closer today (July 14th) as the Treasury launched a consultation into the issue.Industry officials are due to give feedback on the proposals by Octo...

14/07/2010 16:31:59

Loan Insurance: UK banks face competition probe

The Commons Treasury Select Committee is set to launch an inquiry into the lack of competition among top British banks.The government panel will also look into the lack of transparency in banking, inc...

14/07/2010 16:30:49

PPI claim: Easy access savings offer 'poor' returns

Many easy access savings accounts are offering rates below one per cent, it has been revealed.Research from moneyfacts.co.uk has revealed that the average easy access savings account now pays out just...

13/07/2010 16:51:02

Loan Protection: New mortgage rules could hit UK consumers

New legislation proposed by the Financial Services Authority (FSA) could result in fewer consumers obtaining a mortgage.The new rules would effectively ban self certification mortgages in which borrow...

13/07/2010 16:49:48

Loan claim: Inflation rates fall for second successive month

Consumer inflation fell for the second successive month, it has been revealed.Figures from the Office for National Statistics show the Consumer Prices Index (CPI) dropped from 3.4 per cent to 3.2 per ...

13/07/2010 16:48:17

Loan reclaim: UK banks accused of mis-selling sub-prime loans

Three of the UK's biggest banks have been accused of mis-selling sub-prime mortgage loans by a US investment firm.Cambridge Place Investment Partners has filed a $2.4 billion (£1.6 billion) laws...

12/07/2010 17:05:19

Bank claims: UK banks 'wrongly' denying basic bank accounts

UK banks have no legal reason for refusing to give basic accounts to those who have been made recently bankrupt, it has been claimed.A Citizens Advice report revealed that only two out of 17 banks all...

12/07/2010 17:04:11

PPI claim: Consumers to access £2 credit report

UK consumers will now be able to access their credit report for £2 from the three biggest credit reference agencies.Experian, Equifax, and Callcredit will now charge the nominal fee for the serv...

12/07/2010 17:03:11

Loan reclaim: UK Banks to 'avoid' EU bonus caps

UK banks will easily avoid new European Union regulation which caps banker bonuses by raising salaries and adapting reward schemes, according to experts.The European Parliament voted overwhelmingly in...

09/07/2010 17:07:20

Credit card charges: Consumers rack up debt for holiday

Britons are willing to accrue credit card debt in order to go on holiday, according to new research.A survey by life insurance firm Bright Grey found that almost a third of UK adults will be in debt f...

09/07/2010 17:06:06

Bank charges: Coutts to charge customers £600

Coutts has announced it will charge its customers £600 a year for a basic current account, it has been revealed.The firm, who counts a host of celebrities and the Queen among its clientele, will...

09/07/2010 17:05:15