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 [...]
The recent trend over the course of the past few years, of banks and building societies merging and taking one another over in buy out deals, seems to be showing no signs of slowing down, as Barclays bank has announced that it intends to buy Standard Life Bank, for a sum of £226 million, although [...]
It may be fairly difficult to imagine life without access to a bank account of any kind for the majority of individuals in the UK and most of us take for granted the services which are offered through our bank, such as billing services for regular monthly payments, use of cheque books, debit and credit [...]
We have reported recently on the growing competition amongst the large high street banks, many of whom are now offering attractive home owner loan deals to what has become known as the “super prime” cases, that is those borrowers with a perfect credit history and who only require a low loan to value of around [...]
Although there have been the first signs of recovery in the housing and home owner loan markets, this sector of the UK economy is still extremely slow compared with the figures for new loans prior to the credit crunch.
Despite the huge programme of quantitative easing by the Treasury and various other schemes from the government [...]
