Things just keep getting worse and worse for Barclays, as the beleaguered banking institution announced it would be sacking 3,700 employees sometime soon.
RBS has had its fill of complaints recently, vowing this week that it will launch attempts to rehabilitate its customer service image in the New Year.
Big news this week in the retail banking world is that new High Street upstart Metro Bank is continuing its spread out from its Greater London roots.
The largest building society in the UK has finally folded under pressure, agreeing to add the current interest rate to its customers’ online banking pages.
Now that Santander has walked away from the table for the purchase of 316 RBS branches, rumours are that Virgin Money is waiting in the wings to pounce.
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.
It looks like the Government really does have the best interests of small businesses in mind – if the news of £1 billion in Government funding isn’t too good to be true, that is.
Just when you thought it was safe to go back into your high street branch: a new survey says that less than one in 10 SMEs looking for finance at their bank or building society actually walk out with a business loan.
According to the Bank of England’s latest Trends in Lending report, there was £3 billion less disbursed in business loans from March to May of this year.
The majority of NatWest and RBS customers are finally out of the woods, with the IT problem plaguing the banking group nearly completely resolved after a long week of no access to customer accounts and missed payments, though there are still some lingering problems with one last member of the banking group.