Banks Change Way Returned Direct Debit Charges Work
Seven of the UK’s largest banks have changed the way that they charge people for returned direct debit payment, which…
Bank of England Leaves Interest Rates at Record Low
The Bank of England has held interest rates at a record low and also decided not to implement more quantitative…
Cooperative Bank Puts Hold on New Loans to Small Businesses
The Cooperative bank has been forced to put lending on hold to small businesses that submit new applications as part…
Bank of England Holds off on Further QE
The Bank of England will not be injecting more cash into the economy following a meeting of the Monetary Policy…
Bank of England expected to increase inflation forecast again
The Bank of England has been doing a dreadful job of trying to bring inflation under its 2% target and…
Financial Services Authority Finds Banks Misled Small Businesses
The banking industry has suffered another blow after the Financial Services Authority (FSA) ruled that the rate swapping deals they…
Leading Banks in the UK Delay PPI Claims Unnecessarily
The banking industry in the UK has been rocked by the payment protection insurance scandal over the last couple of…
RBS Technology Chief May Step Down over Computer Glitch
Mike Errington, the chief of technology at RBS, may be forced to step down due to a computer glitch that…
Banks May be Forced to Help Regulate Libor
Following the revelations of the Libor scandal this year, the Financial Services Authority (FSA) began putting in place the processes…
Bank of England Almost Certain Not to Cut Interest Rates
Despite repeated speculation from numerous sources, the minutes from the Bank of England’s last meeting of the Monetary Policy Committee…