UK Banking
How To Get The Best From Child Trust Fund
The question, how to get the best from child trust fund, is an important one for all parents...
Opening a Child Account
If you are thinking of opening a child account, there are a number of things you have to consider...
Pros and Cons of Internet Banking
When looking at the pros and cons of internet banking, you’re going to have to admit to yourself that internet banking is going to be the future...
Pros and Cons of a Joint Account
When considering the pros and cons of a joint account, much comes down to how much you want to be financially connected to your partner...
How to switch banks
If you want to consider how to switch banks, then there’s a few things to think about...
Further cuts in UK interest rates expected to be announced today
In yet another attempt to kick start the British economy, it is expected that the Bank of England will announce yet another cut in interest rates today.
US liquidators of Lehman Brothers begin to ask Barclays some uncomfortable questions
Liquidators of the bankrupt Wall Street merchant bankers, Lehman Brothers have posed some questions to Barclays Bank Plc that may cause the bank no little discomfort.
Why is the UK Government putting so much into saving the banks and not the man in the street?
There must be no small number of UK citizens who are slowly sinking in a sea of debt and asking themselves" what did I do wrong?"
Text Message Banking
That might be a nightmare for some, but for most people it will allow them to stay in touch with their financial affairs like never before.
India's Foremost Technology Bank
It is a wholly owned subsidiary of ICICI Bank Limited, India's foremost technology bank, and operates in the U.K offering retail and corporate and investment banking services in the U.K. and Europe.
For RBOS the goose that laid the golden eggs has left the building
Chancellor Alistair Darling announced over the weekend that banks that failed as badly as RBOS failure should be disallowed from awarding large bonuses,
Bank of England reduces interest rates to one percent, the lowest rate in history
The Banks have shown that they can go no lower with rate cuts with the current reduction in interest rates being the fifth since October 2008.
Despite the downturn, Ford and Vauxhall decide that now is the time to increase their prices!
Ford and Vauxhall hastened to add that they have also been among those who considerably reduced their prices, and need this increase to earn some contribution to overheads,
FTSE begin to recover on Wednesday as bank shares climb
The hard-hit banking sector surged in London on Wednesday, with some traders returning to lenders on the belief the U.K. government won't fully nationalize them.
UK the worst of a bad lot as the International Monetary Fund (IMF) anticipates a Global downturn for 2009
A sign that the global economy has taken a very sharp turn for the worst is that as recently as October 2008, the IMF were still predicting that world output would increase by 2.2% in 2009.
A glimpse of hope on the personal credit front?
If you can compare the current global financial crisis to a giant tidal wave carrying all before it, then it might be encouraging to take note that in the tail drift, tiny glimmers of hope are beginning to rise above the surface of the calmer waters while no one was looking.
Gordon Brown about to tell the banks that the era of "free lunches" is over
Gordon Brown and his loyal sidekick Alistair Darling is about to tell the banks, and in particular the RBOS that there is no such thing as a Scottish Mafia, The Royal Bank of Scotland, are among the first and most prominent banks are about to discover that the golden days of free spending are over
A minor glimmer of light seen for UK economy as major drop in inflation for December announced
The briefest of respites from a continuous barrage of negative financial news was the announcement made early Tuesday that inflation figures in December fell sharply to an annual 3.1%, a sharp drop from the November rate of 4.1%.
One eye on America as UK bank shares continue on their freefall
It was difficult to dispel the feelings of despondency in UK financial circles yesterday as more and more eyes were being cast on America and today's inauguration ceremonies for new President Barack Obama.
UK waits in trepidation for the coming of the "toxic bank"
A plan that has been hovering in the breeze for the last few days to establish a bank to handle the billions of pounds of worth "toxic debts" is expected to be announced today.
Banks still being pounded
Any of the more optimistic investors around who stayed with their HSBC shares for another day thinking that things couldn't get any worse, discovered that they could with their groups shares toppling another seven per cent
FTSE loses footing and falls again!
The FTSE took a bit of a beating yesterday closing with around 5% losses. The main area of doubt amongst investors appeared to be small to medium sized public companies.
Here’s a way to fix broken Britain
The Nationwide Building Society says house prices fell 2.5% in December to make 2008 the worst year on record.
Interest for savers slashed to just 0.1%
Banks and buildings societies have silently slashed savings rates over the holidays, with many accounts returning a penny in the pound or 0.1% interest.
Bank of England ‘ambushed’ by recession, says deputy chief
The Bank of England was ambushed by the severity of the recession and failed to realise what was happening to the economy, according to Deputy Governor Sir John Gieve.
Bankers to share £6.4 billion Christmas bonuses
Bankers at four leading City firms will share an estimated £6.4 billion Christmas bonus pool as thousands of workers lose their jobs or go on to short time.
What does it mean when interest rates are at 0%?
The US Federal Reserve is writing a new economic chapter by following the theory of British economist John Maynard Keynes.
Bank of England backed out of bigger rate cut
The Bank of England considered cutting rates to lower than 2%, minutes from the Monetary Policy Committee (MPC) show.
Inflation still running at double the target
The Consumer Prices Index (CPI) – the official measure of inflation – slipped 0.4% to 4.1% last month as fuel and food costs cheapened.
Will politicians and businesses pass the recession test?
The recession is a huge learning curve and a big test for the government, economists and businessmen.
Bank shares hit as HBOS losses hit £1.7 billion
Bank shares on the slide after HBOS revealed bad debts on lending have risen to £1.7bn in the 11 months to the end of November.
New banking giant may axe 40,000 jobs
The new banking goliath rising from the ashes of Lloyds TSB and HBoS is ready to axe up to 40,000 jobs and 600 branches in a cost cutting strategy.
Pound plummets to new low against the Euro
The pound plunged to a record low of 87.5 pence against the Euro following a think-tank report painting a gloomy picture of Britain in recession.
Banks pledge to help small businesses
Banks have promised to try and make life easier for small businesses by agreeing a ‘statement of principles’ brokered by Business Secretary Peter Mandelson.
Sean Connery backs bank merger challenge
Actor Sean Connery is backing a legal challenge to the Lloyds TSB and HBoS bank merger.
Economists bank on interest rates to tumble in 2009
The 58 economists, polled by news agency Reuters yesterday, feel the rate will fall to 1% by March, and will stay there until 2010 before rising again.
Interest rates set to fall to record low
History is in the making as for the first time ever, the Government and Bank of England all but control the UK banking sector.
Banks called to account for rule breaking
The Government’s is set to crack the whip over banks refusing to lend fairly to homeowners and small businesses after bailing out the banking sector with a £500 billion rescue package.
Round Up November 26th
Following Mr Darling’s tax cut announcement, high street retailers Next, Argos and Homebase crept up 2% while Marks and Spencer gently floated up 1%.
The root of the problem - CDS
In the last few years, this market has exploded from $1tr to about $60tr as all sorts of financial institutions sought of offset risk in their dealings...
Gold is great when times are tough
For thousands of years, gold has been the store of value, the medium of exchange and the revered metal used to adorn us as jewellery...
Liquidity, Central Banks and the fly trap
The problem facing the financial system come from one common place....credit and the excesses of easy credit with a corresponding decline in the punishment for getting it wrong...
Killed by the cure
The bailouts in the US and the UK and other countries will have negative consequences that few currently understand. The side effect of printing vast sums to help out the financial system will have the effect of creating inflation and lowering interests to artificially low levels...
UK economy in to hock
Chancellor Alistair Darling has put the UK economy in to hock with his £118 billion spend now pay later gamble to beat the recession.
UK House Price Crises
The origins of this housing crisis lie in a far from equilibrium position. The housing market at its fundamental level is governed by two things...wages and rents...
Nationalisation Of Bradford & Bingley Big Trouble On Monday?
Bradford and Bingley, for so long, the mortgage broker’s darling...
US Bank Rescue Plan
No sooner was the US bailout bill passed...literally 5 minutes later on CNBC, the talking heads were telling us that the bailout wasn’t a panacea and wouldn’t solve much...
Savings at Risk as Banks Topple
Savers with large amounts of cash on deposit should take action now to protect their money as the credit crunch threatens to sink more banks...
Types of Bank Accounts
Personal bank accounts are for day-to-day money management and a place to keep cash for quick and easy access...
Types of Loans
Everyone needs to borrow some money at some time or another – whether for a big purchase like a house or the occasional celebration or luxury like a wedding or holiday...
Payday Loans
Finance watchdogs are about to tighten the rules on payday loans as the first stage of an investigation in to irresponsible lending comes to a close...
Mortgages
Mortgages are not complicated – simply borrow money and pay the cash back with interest over an agreed period...
Business Bank Accounts
If you are in business, you must have business bank accounts to manage money coming in from customers and money paid out to staff and suppliers...
Savings Accounts
If you have money to spare out of your wages after paying your bills, consider saving some as a cushion for unexpected bills, like repairs to your house or car...
Switching Banks: How good an idea is it?
If there were statistics available, they would probably show that people generally stay with the same bank all their lives, although not necessarily the same branch....
Getting the most from your current account
In these difficult financial times, there are very few people that can afford to keep money on deposit, and most are managing their current account on a month to month basis....
The Bank Manager - Friend or Foe
There are many people who never learned or have lost track of what banks are all about. Basically banks are a business like any other. They don’t have any money of their own, at least not to lend out to other people...
Banking is Better Today. The History of Banking
The age that we live in is one of instant access to information and highly competitive market places. As consumers, we are starting to take the conditions of our economy for granted...
Selecting the Best Bank Account for You
Every bank offers a different range of products, but at the very least, you are certain to find a set of basic products that are available through every institution...
Banking Safely When You Bank Online
Most online banks go to extraneous measures to protect your privacy and keep your information secure. There are limits to what they can do, however, and there are ways that you can help their efforts...
Opening a Bank Account - How the Process Works
Do you need to open a new bank account? There are many reasons why a second, third, or even fourth account can be appealing; it can help with budgeting or managing different funds...
Who is the APACS and What Do They Mean to You?
The APACS is responsible for bank clearing in Britain. It is this institution that ensures that when you deposit a cheque into your account, the money will be moved from the cheque's account to yours...
Introducing Children to the World of Banking
Opening an account for your child is an excellent way to introduce them to the world of finance. Many parents do it with the hope that their child will learn the value of money management early, and will look after their financial situation in adulthood as a result...
When Prevention Doesn't Work: Protecting Yourself After Your Personal Data Has Been Lost
Legal advocates and many institutions are imploring people to be wary of situations in which their personal information can be stolen. When details about your life, your identification, and your financial situation fall into the wrong hands, they can lead to you becoming a victim of identity theft...
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There are many different types of Current accounts with deals including cash- back welcome gifts, high interest rates and low APR overdraft facilities.
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There are many different types of Saving accounts with instant access, great
interest rates, or tax-free
savings accounts for your
savings to grow.
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Business accounts - can offer a wide range of benefits including free banking, dedicated local business manager, phone or online banking.
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