If you’re trying to grow your savings pot at the moment, expect no help from any quarter – both the Bank of England and High Street banks are not listening.
Not that anyone will be particularly surprised by this, but it turns out that the Big Five banks in the UK are horrid when it comes to customer service.
Well it finally happened – the EU is taking steps to strip away massive bonuses awarded to bankers, and the UK’s High Street lenders are up in arms in fear.
Things just keep getting worse and worse for Barclays, as the beleaguered banking institution announced it would be sacking 3,700 employees sometime soon.
One major personal and business bank account provider has purchased ING Direct UK, even as it struggles to get out from under the LIBOR price fixing scandal.
The FSA says complaints for Barclays and Lloyds TSB are out of control this week, while the Government indicates its patience with the industry draws to an end.
When it comes to current accounts, the debate over whether ‘free’ services should be supplied by banks is a lively one – but you’re never really getting anything for nothing when it comes to financial service providers in the UK. Oftentimes you’ll hear a bank answering complaints about poor customer service by stating that it [...]
Barclays, recently brought low after the Libor-fixing scandal was brought to light, announced that Sir David Walker has been appointed new chairman of the banking group from November of this yar.
The Office of Fair Trading has announced it will be probing the current account market, examining retail banking providers for competition and transparency issues that may be harming consumers.
Current account customers have been leaving big High Street banks in droves in a search for more ethical financial service providers in the wake of so many of the problems recently plaguing the retail banking sector.