The main high street banks in the UK have come under a lot of pressure over the course of the past couple of years or so, and in particular within the last week, since the majority of banks have announced huge half year profits, despite the fact that they still seem to be unable to [...]
Last week saw the majority of the large high street banks announce their profits for the first six months of the year and many ordinary people were shocked to find out the huge amount of money made by those institutions, many of which were recently bailed out with huge loans from the government.
HSBC were the [...]
The majority of high street banks in the UK are generally giving the impression at the moment that things are rather difficult for them financially and that they are struggling with their own money problems, let alone help customers by offering them loans.
However, HSBC, the UK’s largest bank and one of the few which hasn’t [...]
Over the course of the past couple of years, the adverse economic conditions in the UK have meant that a growing number of individuals have been struggling with their personal loans and other debts, with increasing levels of loan arrears and defaults.
Although this is obviously a huge problem for the individual borrower themselves, it is [...]
For a large percentage of individuals in the UK, when they require a new personal loan or other financial services, such as insurance, for example, the first place they go to for advice is the local branch of the bank which holds their current account.
In many cases, this is simply a case of apathy. People [...]
The new Chancellor of the Exchequer, George Osbourne, announced yesterday in his first Mansion House speech that the Financial Services Authority (FSA) would be scrapped and the regulation of loans and other financial products would become the responsibility of the Bank of England. The new regulator will be called the “Consumer Protection and Markets Authority” [...]
The Bank of England base rate of interest for home owner loans and mortgages has now remained at the record low level of just 0.5 per cent for fifteen months, making many people’s loan repayments the lowest they have ever been.
Due to the fact that many borrowers have become used to such cheap loan repayments, [...]
