The Bank of Ireland and Bristol & West have both jumped the rate of interest on their tracker mortgages by a huge amount, which will have a massive effect on…
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The minutes from the Monetary Policy Committee’s (MPC) latest meeting show that there is a more sizable portion of the committee willing to engage in further quantitative easing (QE) than…
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It’s no secret that wages have suffered during the financial crisis. Whether it’s been people taking pay cuts, fewer hours or just the increases in their wage packet not competing…
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Recent figures from the Financial Services Compensation Scheme (FSCS) have revealed that the number of claims submitted in 2012 for mis-sold payment protection insurance (PPI) was almost double the number…
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The consumer group Which? has estimated that the money currently set aside by the banks to pay consumers compensation for mis-sold PPI could run out as early as December of…
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The British Bankers’ Association (BBA) is in talks with the Financial Services Authority (FSA) about setting a deadline for mis-sold payment protection insurance (PPI) claims. The banks are hoping that…
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An investigation by journalists has revealed that some banks are charging insane rates for overdrafts on their accounts, resulting in annual interest rates of as much as 53,000,000% for money…
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The amount of debt that people will carry into their retirement this year has fallen compared to last year’s figure, dropping to an average of £31,200. This average is also…
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Both banks and those involved in the claims industry have said that 2013 is likely to see more than £6 billion paid out to victims of the Payment Protection Insurance…
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With the festive season over, many Britons will be looking at their bank balances and wondering if they may have gone a little overboard this year. The temptation to go…