Royal Bank of Scotland has broken ranks with its high street peers to reveal that it sold controversial interest rate swaps to thousands of small businesses. None of the firms – which have included care home operators, green grocers, family retailers and farmers – is benefiting from low Bank Rates as they are locked into [...]
Money News
Telegraph Reveals Next Banking Scandal! Interest Rate Swaps
April 3, 2012 By
Royal Bank of Scotland has admitted it sold derivatives, called interest rate swaps, to thousands of customers without revealing any more details. On Monday we revealed how Barclays had resorted to out-of-court settlements to stop details of its mis-selling emerging. On Sunday we revealed how the bank gave its staff sales targets for these contracts, [...]
Some of the Best Money Saving Tips
February 10, 2012 By
You can save money. You just need to know the right tips in order to do so. Many do not know how they can save money. So, allow us to help you. For starters, there might be some things that you wish to get in the world of electronics. You can try looking [...]
Money – Five Ways Banks Rip Us Off
November 21, 2011 By
Britain’s high-street banks have sneakily raised the cost of their current accounts this year, despite a High Court showdown with the Office of Fair Trading (OFT), in an effort to squeeze more profits from customers. As the banks defended their overdraft charges in a High Court action brought by the OFT, new research revealed [...]
British travellers are paying too much for their foreign currency
September 21, 2011 By
Alex Spence Last updated September 21 2011 12:00AM British travellers are paying too much for their foreign currency because of complex charges and misleading information that should be investigated, a consumer watchdog says today. Consumer Focus is to lodge a “super-complaint” with the Office of Fair Trading and wants the competition regulator to conduct a [...]
Monetary Policy Committee (MPC) disclosed a “marked deterioration” in the economic outlook.
September 21, 2011 By
The Bank of England could be forced to inject vast sums into Britain’s economy within weeks to stop the economy drying up and to help to head off a double-dip recession, economists predicted today. The Times Reports As the International Monetary Fund warned of a “dangerous new phase” for the global economy, the central bank [...]
How To Spend Spend Spend You PPI Refund!
September 18, 2011 By
Did you know? 0.4 per cent of British consumer spending could be coming from the banks this year. To figure out why, all you have to do is look at the recently announced pay-outs on the Payment Protection Insurance sold byUK banks. As much as £9bn could be winding its way to the pockets of British consumers. [...]
The Independent Commission On Banking’ Report In 2011
September 18, 2011 By
By Martin Waller, Andrew Clark writing in The Times The Independent Commission On Banking’ Report In 2011 The most sweeping changes to British banking for a generation will land on financiers’ desks this morning when a government-appointed taskforce delivers proposals for structural reforms that will be vigorously fought by the City. In a plan to defuse [...]
Barclays And Lloyds Most Complained About Banks In 2011… And……… 2010 And…….. 2009
September 17, 2011 By
Browsing the web I came across this… September 2010 Barclays is top of the bank complaints league table with more complaints per customer than any of its major rivals. There were 250,667 official gripes were made against it in the first half of the year, representing approximately 1.19% of its 21 million UK customers. Tuesday 15 [...]
Claim Back Mortgage PPI Now- Even I You Were Turned Down Before
September 16, 2011 By
Since the Judicial Review found in favour of the consumer the number of PPI complaints to the FSO has soared. Lloyds Bank accounts for 37,000 of these which is twice that of the other banks. Natalie Ceeney, chief executive and chief ombudsman, said: “These latest figures show a significant increase in the number of new [...]