The main high street banks in the UK are keener than ever to attract good quality customers with their current account packages and as a result of this, the majority of banks now offer many additional benefits, such as cheap loans, car breakdown cover and holiday insurance in order to entice new customers away form [...]
In the aftermath of the recent banking crisis in the UK, several of the major high street banks in the country had to be bailed out with help for the Government in the form of Treasury loans, in order to keep them afloat and not breach liquidity rules.
One of the main criteria of being granted [...]
It’s the list which no company wants to be at the top of. The Financial Ombudsman Service (FOS) has just published its six monthly report on the number of complaints received regarding financial institutions such as Banks, building societies, insurance companies and other loan companies.
The report has focused on the number of complaints regarding individuals’ [...]
As consumer confidence in the housing market and increased availability of competitively priced home owner loan and mortgage deals steadily improves as we head into 2010, lenders across all sectors of the market have seen an increase in the number of new home owner loan applications being made and loans being offered to customers, who [...]
A large percentage of the UK’s high street banks are focusing their attention towards their existing customers, when it comes to selling personal unsecured loans and other financial products, such as insurance and credit cards.
Of course, this has been the case for several years, but according to a new report from Defaqto, banks are now [...]
There were no major surprises yesterday (Thursday 10th December) following the Bank of England’s Monetary Policy Committee (MPC) meeting to discuss the economy and the base rate of interest for savings and loans.
It was decided that the base rate of interest should be kept at its current level of 0.5 per cent for another month, [...]
Alistair Darling, the Chancellor of the Exchequer, announced yesterday that two of the UK’s biggest high street banks are to be split up in order to comply with competition rulings from the European Union.
The Royal Bank of Scotland (RBS) and the Lloyds banking group are both to be broken up into smaller companies and the [...]
