It’s easy to bemoan our country as being too easy on our banks, but things could be worse – we could be living in a country where bad banks get off Scot free.
It seems like that the Government will find a way to profit on the UK personal and business bank account industry come hell or high water!
The personal and business bank account world is not-so-secretly in a shambles this week, as disastrous and embarrassing mis-steps come to light.
The state of the UK personal and business banking system is in a shambles – banks are re-branding or shuttering branches left and right, but will this help?
It’s a case of ‘two steps forward, one step back’ for the banking industry this week as Lloyds Banking Group turns a profit and Bank of Scotland gets fined.
Personal and business bank account holders have been up in arms lately about the failures on the part of their banking providers, and for good reason!
Bad news this week as not one but two major banking providers go forward with plans to completely disregard the needs of their customers.
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.
Come 1 January 2013, one major high street financial service provider will no longer be offering its Premier current accounts to its customers.