The Money Stop » banks

Santander admits to glitch over statements

Reno — Fri, 24 Dec 2010 09:51:50 +0000

Banking giant Santander has recently admitted that it has made a grave error that resulted in tens of thousands of its customer receiving the details of other customers on their bank statements. This is another of a string of security breaches made by banks and building societies over the past couple of years that has [...]

Santander admits to glitch over statements is a post from: The Money Stop

Loan hikes have made millions for UK banks

Reno — Tue, 11 May 2010 15:19:01 +0000

According to a recent report banks in the UK have managed to make millions of pounds as a result of sneaky hikes on loans and other forms of borrowing. The claims have been made following an investigation by a finance group, which shows that since they started making huge losses during the credit crunch the [...]

Loan hikes have made millions for UK banks is a post from: The Money Stop

Consumers not happy over treatment by banks

admin — Wed, 16 Sep 2009 11:35:59 +0000

A recent report has suggested that many consumers are still furious over how they are treated by some of the nation’s major banks, and think that many of the banks are badly managed. Public opinion and confidence in banks has been falling, and officials have said that banks can no longer use being huge and [...]

Consumers not happy over treatment by banks is a post from: The Money Stop

Banks take taxpayer’s money but won’t lend any back out!

admin — Thu, 20 Aug 2009 08:10:42 +0000

Over the past year the UK government has spent billions of pounds bailing out the banking industry following the global credit crunch and the ongoing financial crisis. Banks have run into severe difficulties in terms of their finances, and at one point the banking industry in the UK was said to be on the verge [...]

Banks take taxpayer’s money but won’t lend any back out! is a post from: The Money Stop

Are banks becoming more generous with their lending?

admin — Wed, 19 Aug 2009 11:23:23 +0000

A number of reports that have been released recently have suggested that mortgage lending amongst banks in the UK has been increasing, and whilst the past couple of years has seen lending becoming increasingly restricted recent figures have indicated that mortgage lending levels have increased to their highest in around fourteen or fifteen months. Some [...]

Are banks becoming more generous with their lending? is a post from: The Money Stop

Banks try to recover by making customers pay

admin — Mon, 17 Aug 2009 14:54:51 +0000

It has been suggested that many banks and building societies in the UK are trying to rebuild their financial portfolios and profits by making customers pay, according to a recent report. Figures have shown that whilst the Bank of England base rate has stayed at its lowest level in history, at just 0.5 percent, for [...]

Banks try to recover by making customers pay is a post from: The Money Stop

Many bank staff as confused as customers about cheques

admin — Sat, 08 Aug 2009 07:24:28 +0000

Following a recent investigation it has been revealed that many bank staff members are as clueless as many consumers when it comes to the clearance times for cheques. The problem was brought to light in a recent investigation by the industry watchdog, the Banking Code Standards Board. The results of the investigation are quite worrying [...]

Many bank staff as confused as customers about cheques is a post from: The Money Stop

Tougher Regulation For Banks – More Protection For Consumers

admin — Thu, 09 Jul 2009 06:02:35 +0000

“We need a change of culture in the banks and their boardrooms, with pay practices that are focused on long-term stability, and not on short-term profit.” These were the words of Alistair Darling today when he outlined his White paper on banking. The proposed measures are aimed at preventing a repeat of the banking [...]

Tougher Regulation For Banks – More Protection For Consumers is a post from: The Money Stop

Iceland agrees to compensate UK

admin — Fri, 19 Jun 2009 09:25:41 +0000

It has been revealed that the Icelandic government has finally agreed to repay the UK as well as the Dutch authorities following the collapse of the Icelandic banking system. The UK government had to shell out over £2 billion to compensate savers who had money in Icesave accounts after the Icelandic banking system dramatically collapsed, which [...]

Iceland agrees to compensate UK is a post from: The Money Stop

Bailed out banks acting up

admin — Mon, 01 Jun 2009 07:12:58 +0000

Earlier this month a number of MPs expressed their concern over how many of the leading UK banks that have been bailed out with the use of taxpayers’ money are acting terribly in the current recession. The MPs accused the banks of being too greedy, and said that many of those that had managed to weather [...]

Bailed out banks acting up is a post from: The Money Stop