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 [...]
Only two out of seventeen high street banks allow people going through bankruptcy to open a basic, no credit bank account, new research has found.
A study by the Citizens Advice Bureau found only the Co-operative and Barclays offer bank accounts to undischarged bankrupts, despite there being no legal reason to deny these people access to [...]
New data from Safe Home Income Plans (SHIP) suggest that the equity release market could be turning a corner.
In the second quarter of 2010, the value of advances slipped to £196.7 million but the decline was smaller than in the previous three month period.
Drawdown equity release proved to be the most popular course, [...]
The Children’s Mutual has suspended all new business to its most basic Child Trust Fund (CTF) accounts following the government’s decision to scrap the CTF scheme.
CTFs were one of the first things to face the coalition’s axe as they seek to make massive cutbacks to tackle Britain’s national debt.
David White, chief executive of the Children’s [...]
The Office for National Statistics (ONS) has today revealed UK economic growth for the second quarter today surged ahead by 1.1% – almost double the rate analysts had forecast.
Meanwhile, economic growth rose by 1.6% on an annualised basis – the highest in two years.
The UK is the first G7 country to release its quarter two [...]
BlueOrchard, the world’s biggest private sector investor in microfinance loans, has raised $195 million for a fund to help microfinance institutions (MFIs) expand and modernise.
The private equity fund will buy minority stakes in MFIs to pay for their expansion and modernisation.
BlueOrchard claims many MFIs need capital injections to improve their corporate governance and risk management [...]