One of the biggest and best business bank accounts in the UK has recently been fined heavily by the Financial Services Authority.
The current limits on ISAs in the UK are set to see an increase of £470 in 2011, following on the increases to the limit made at the inception of the current tax year, which pushed the annual deposit limit up to £10,200, up from its previous limit of £7,600, something only made available previously to savers over the age of 50 from October of last year.
Start-up organisation NBNK Investments announced recently it has pans to become a major player High Street as the company has found investors to buy shares in order to raise £50 million in funding.
If a new business deal goes through successfully, one of the UK’s best business bank accounts stands to gain a strong beach-head in the banking market for South Africa.
The Islamic Bank of Britain (IBB), the best business bank account for those of the Muslim faith in the UK, is slated to gain £20m in working capital from one of its founding shareholders.
Spanish-based business bank account Santander has been hinting towards listing its UK operations but lacks any plans to definitively do so, say industry insiders recently. One anonymous source did say that the Euro Zone’s largest bank determined by market value was indeed considering the option.