Banks still have low levels of customer satisfaction
September 17, 2011
Over recent years, since the onset of the global financial crisis, High Street banks in the UK have seen their credibility plummet, with consumers having increasingly less faith in these institutions. Whilst the High Street banks still have general market dominance a recent survey has shown that compared to other financial institutions the UK’s High [...]
Half of Brits hoping for interest rate increase
September 12, 2011
According to a recent report the relief that many people have been feeling in the past over the rock bottom base rate is starting to wear off, with a rising number of people who are now hoping to see the base rate rise. The base rate has been at its all time low of just [...]
Official claims there is little demand for loans from small businesses
May 31, 2011
Over recent months the leading High Street banks in the UK have received a lot of flack over their lack of lending to small and medium sized businesses in the UK. The Business Secretary, Vince Cable, as recently said that banks are falling behind with quarterly lending compared to the amount that they promised to [...]
Dubious honour for Barclay’s Bank
April 1, 2011
High Street banking giant Barclay’s has recently earned the dubious honour of being the most complained about bank in the latter part of last year. The UK’s financial regulator, the Financial Services Authority, recently revealed that more than five thousand complaints per day are lodged against banks in the UK and in the last six [...]
No change to interest rates
March 11, 2011
Following the latest Monetary Policy Committee meeting it has been announced that the base interest rate is to remain at its all time low of just 0.5 percent. This means that the base rate will have been at this record low for two years, as it was slashed to this level back in March 2008 [...]
Some investors getting ripped off with fees
February 28, 2011
It has been claimed that some investors are being ripped off by various financial institutions and financial advisors but have not even realised that this is happening. According to reports many investors are satisfied with the advice and value for money that they are receiving on their investments because they are blissfully unaware of the [...]
Base rate remains on hold for 22nd month
February 10, 2011
Borrowers were delighted this week after it was announced that the base interest rate is to remain on hold for yet another month. The announcement came after the February Monetary Policy Committee meeting. Whilst some people thought that the decision may have been to increase the base rate due to high levels of inflation most [...]
More money needed by households to deal with debt
January 18, 2011
It has been claimed that by 2015 households in the UK will need to find around £1800 a year extra in order to pay the interest on their credit cards, loans, and other borrowing. Officials claim that this is due to interest rate increases, with rates expected to increase by between 2 and 3 percent [...]
Banks fined over customer complaints
January 11, 2011
A leading High Street bank and its equally as well known subsidiary have been fined by the UK’s financial regulator, the Financial Services Authority, over the way in which customer complaints are dealt with. The fine has been imposed against the Royal Bank of Scotland (RBS) and its subsidiary, NatWest.
The banks have been fined a [...]
Banks still being rejected by consumers
January 10, 2011
A recent report has shown how the general public still seems to have little confidence in the banking system in the UK, with a huge number of consumers rejecting the banks and deciding to stash their cash in their own homes instead. New research indicated that consumers could be stashing away as much as £7 [...]
