British Banks Won’t Increase Business Lending to Meet Demand
British banks have said that they do not expect to increase the amount of lending available to businesses in the…
Banks
Two Banks Massively Increase the Interest Rates on their Mortgages
The Bank of Ireland and Bristol & West have both jumped the rate of interest on their tracker mortgages by…
Banks Target Pre-Existing Saving Accounts for Interest Rate Cuts
Banks have been reducing the rates of interest that they offer on new savings accounts for months now, as well…
Lloyds TSB Pauses Package Sales
Lloyds TSB will be putting the sale of the current account packages it offers on hold. Although the bank denies…
Extent of Barclays’ Internal Review Revealed in Banking Standards Commission
The level of effort that Barclays has put into in order to try and reform its image following the Libor…
Bank of England Asked for Clarity on Their Advice
The Bank of England’s Financial Policy Committee (FPC) have gathered today in order to discuss what needs to be done…
Nationwide May Not Buy RBS Branches due to IT Issues
It’s no secret that there are issues with the computer systems that RBS uses. Earlier this year, customers across the…
Number of Bankers Expecting Bonuses Drops to 8 in 10
Public opinion has swung massively against the banks since the start of the financial crisis, and they weren’t anybody’s favourite group before…
The Co-Operative Bank Stops Paying out Bonuses for Selling Financial Products
In a move that could indicate a big change in the ethics of big banks, The Co-Operative have announced that…
“Sticky” Inflation Deterring Business Investment
Businesses are complaining that it’s not only a lack of lending from banks that is making them cut spending, but…