The writing is definitely on the wall for some banks after the new current account switching rules have gone into effect, and the common scrawled word is loser.
Tag Archives: branches
FSA wants more transparency from UK lenders, experts say
Business bank account experts have recently reported that the Financial Services Authority wants more transparency in the nation’s financial services providers by forcing them to publish the amount of compensation its customers are entitled to in the event of a bank failure.
Lloyds to cut nearly 600 posts from multiple operations
In a sign that many will see as portentous, Lloyds Banking Group has announced 570 posts are to be cut across a multitude of its operational divisions.
Nationwide raises its ISA interest rate
In a move that has catapulted one of its financial products into second place in the best buy tables, Nationwide has recently upped the interest rate on its Champion ISA to 2.84 per cent.
Santander delays business flotation until 2011
Spain-based financial provider Santander, who offers both personal and business bank accounts, has decided to delay floating its £20 billion UK business until the second half of next year.
Out of branch cash machines show record charges
Cash machines located outside of branches have been charging their users more and more, mostly in motorway service stops and railway stations.
Online banking customers privy to best rates
UK banking customers who utilise their finance provider’s online banking programmes are the ones most likely to have access to the best banking options, according to newly released research conducted by Which? magazine.
Bank of Baroda to launch ISAs this year
Finance website This Is Money recently reported that international Indian finance institution the Bank of Baroda is set to begin issuing its first ever ISAs by the end of this coming year.
Virgin Money to revitalise Edinburgh jobs market
In an era that has seen little more than job cuts to the financial sector, new retail and business bank account provider Virgin Money has announced in a recent statement that it is bringing up to 200 new jobs to the Edinburgh area.
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