British banks will unveil their first-half profits this week with the five biggest banks expected to reveal they are back in the black.
Banking giant HSBC will kick off the reporting season tomorrow, with Lloyds Banking Group and Standard Chartered announcing their results on Wednesday, Barclays on Thursday and Royal Bank of Scotland (RBS) on Friday.
They [...]
Banks are keeping their customers in the dark about interest rate changes on their accounts, new research has found.
The study by Which? Money found most banks rely on newspaper adverts or customers popping into their local branch to keep savers informed of rate cuts
Only four of the twelve banks investigated guaranteed to keep customers informed [...]
A report by the Government-backed watchdog, Consumer Focus, has found nearly a million adults in Britain do not have a bank account.
The report, called “On the Margins“, comes as the Government introduces a reform of mainstream banking, and explores why these individuals do not have a basic bank account.
The Focus group, which is made up [...]
The British Bankers’ Association (BBA) has reported that gross mortgage lending amounted to £8.7 billion in March, with the figure 0.4% down on a year earlier and below the average of the previous six months (£9.2 billion).
According to the BBA, repayments were stronger than usual as lenders actively encouraged borrowers to use surplus cash to [...]
In yesterday’s Budget, Chancellor Alistair Darling said that every UK citizen will have the legal right to have a bank account.
According to the Treasury’s Financial Inclusion taskforce, there are 1.75 million people in the UK that do not have a bank account.
The taskforce said half of the 1.75 million come from the poorest 20% of [...]
In tomorrow’s Budget, Chancellor Alistair Darling is expected to announce that a basic bank account will be available to everyone.
The announcement, which was leaked to the BBC today, will mean everyone has a legal right to have a bank account.
According to the Treasury’s Financial Inclusion taskforce, there are 1.75 million people in the UK that [...]