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Public Anger Growing At Bank’s Refusal To Offer New Loans

Bank Loans - Monday, July 13th, 2009

One job which I expect the majority of the population would place at the bottom of their ideal career list at the moment would be that of dealing with customer complaints in any one of the major high street banks or building societies.
According to a recent survey amongst consumers, there is a growing amount of [...]

Banks Encouraged Not To Repay Loans Early

Bank Loans - Thursday, June 11th, 2009

Over the course of the past couple of years or so, a number of major high street banks have effectively been partly, or fully, nationalised by receiving a financial bail out in the form of a loan from the Government.
Northern Rock was the first bank to receive a loan, followed by the Royal Bank of [...]

Big Changes For Lloyds Banking Group

Bank Loans - Wednesday, June 10th, 2009

Lloyds Banking Group has announced major changes to its operations this week, which will see further job losses within the organisation, the closure of branches and the loss of two well known brands for mortgages and homeowner loans.
The bank, which has been part nationalised with a bail out from a Government loan, announced this week [...]

Are Banks Ripping Off Loan Customers?

Bank Loans - Friday, June 5th, 2009

With the way that many individuals feel about their bank, and financial institutions in general, at the moment, it would be no surprise to learn that the answer to this question is a resounding “yes” from the majority of consumers.
This general feeling has been backed up by new research from the financial website Moneyextra.com, who [...]

Bank Of England Should Buy Up Toxic Loans

Bank Loans - Tuesday, June 2nd, 2009

In recent months the governments has announced plans to introduce quantitative easing in a bid to drag the country out of recession and restore some growth to the UK economy and so far this seems to be having a positive effect, as banks and building societies have been able to exchange their “toxic” debts, on [...]

Banks Becoming Happier To Offer Loans

Bank Loans - Friday, May 22nd, 2009

There have been several conflicting reports recently on the state of the economy and the willingness of banks to start offering loans once again, but generally, the news is slowly starting to become more positive, as economists, banks and building societies and even consumers are starting to see the light at the end of the [...]

Nationalised Bank To Be Sold

Bank Loans - Tuesday, April 28th, 2009

Northern Rock is back in the news again this week, as the latest episode in the saga of the nationalised lender unfolds.
 The bank was taken over by the government in 2007, with a huge loan to stop the lender going under due to the bad debts it had accrued on bad credit loans. Since that [...]

 
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