Northern Rock has revealed plans to shed around 1,300 jobs as it reorganises operations and looks to the future.
Published:7/31/2010
The Halifax has so far reunited holders of accounts that have been forgotten about with over GBP16.5 million of their savings since starting its campaign earlier this year.
Published:7/31/2010
Good news for home buyers comes from the HSBC which is cutting both interest rates and fees on some of their fixed rate mortgage products.
Published:7/31/2010
Zurich Insurance has named Theo Bouts the new Chief Operating Officer of Global Life, an arm of the Zurich group.
Published:7/30/2010
Abbey National owner Santander has reported profits for the first six months of the year up by 6 percent compared with the same time last year.
Published:7/30/2010
The Abbey National has just released figures showing that, for the first half of the year, they had over a quarter of the UK new mortgage market.
Published:7/30/2010
As part of the Mortgage Club Legal and General has added a conveyancing service for customers, something they feel is an essential part of the whole mortgage process.
Published:7/29/2010
Tesco Finance is understood to be aiming for a full retail bank status, offering the full range of bank products and services to customers.
Published:7/29/2010
Liverpool Victoria has just introduced a new Flexible Lifetime Mortgage, accessible to financial advisors through their existing systems.
Published:7/29/2010
Technology is not always right is the message being sent out by car insurance companies such as Direct Line, suggesting drivers should not take the advice of the system blindly.
Published:7/28/2010
Michael Klein, reported recently to be leaving Citigroup, of which Citibank is a part, is set to receive one of the largest payouts in the industry for a departing executive since the credit crunch started.
Published:7/28/2010
It is rumoured that the RBS could be ready to sell its stake in Tesco Finance, with a move expected within a few days.
Published:7/28/2010
The largest lender in the UK, the Halifax, is cutting some of its mortgage interest rates for new customers as of today. This is the third mortgage rate cut the Halifax has announced this month.
Published:7/27/2010
The Halifax is weighing in to the student bank account market with an offer that includes a GBP3,000 interest free overdraft, reduced cost card insurance and discounted AA membership.
Published:7/27/2010
The Nationwide Building Society has just launched a new range of investment bonds, with interest rates of up to 6.8 percent per year.
Published:7/27/2010
Citigroup, the huge financial organisation of which Citibank is a part, is being urged to break up by some union representatives.
Published:7/26/2010
Long standing Citigroup executive is leaving the organization, of which Citibank is a major part, after 23 years with the organization. The move is seen to be part of the business transformation being led by new CEO Vikram Pandit.
Published:7/26/2010
Direct Line has revealed its latest home insurance product to be an all inclusive package that covers all aspects and should save consumers money.
Published:7/26/2010
The recent suggestion about the Alliance and Leicester being taken over by a larger European financial institution has been seen as both a good and bad thing by some experts.
Published:7/25/2010
The common idea that pet insurance is needed more for when an animal gets older is a perspective Churchill Insurance would like to change.
Published:7/25/2010
The Prudential is heading back to the pensions buy out environment with a deal worth around GBP350 million to pick up some of the Rank pension scheme.
Published:7/25/2010
Northern Rock has named a new chief executive to lead the government funded bank forwards.
Published:7/24/2010
The current state of the housing market means that most home improvements are not adding any more to the asking price than they cost said the Abbey National.
Published:7/24/2010
New from the Natwest Bank is a three year tracker mortgage that, as well as being free of fees, has a step down interest rate that reduces each year.
Published:7/24/2010
HSBC is continuing its progress towards acquiring the sixth biggest lender in South Korea, KEB, as it signs an agreement with the labour union.
Published:7/23/2010
American Express has just announced quarterly profits significantly lower than originally expected, leading to a fall in the share price.
Published:7/23/2010
Tesco Finance has introduced a range of vehicle warranties to its list of products, with prices starting at less than GBP10 per month.
Published:7/23/2010
The Alliance and Leicester is giving a GBP100 incentive to customers going online and switching to their Premier Current Account from a competitor.
Published:7/22/2010
A study by the Abbey National Business Bank department has found that around a third of small business owners are worried about the coming 12 months.
Published:7/22/2010
The Prudential has found that new pensioners are not budgeting effectively for retirement, spending more in the first year and then finding it harder to manage.
Published:7/22/2010
Direct Line are asking all van owners to make sure they have the correct insurance cover otherwise they could find themselves out of pocket in the case of a claim.
Published:7/21/2010
A new survey carried out by Tesco Finance has come to the conclusion that van drivers are the safest motorists on the UK roads.
Published:7/21/2010
Citibank parent citigroup has posted another loss for the third successive quarter, though it is less than was expected.
Published:7/21/2010
The Brazilian arm of Zurich Insurance has just announced the purchase of two insurance companies in the South American country.
Published:7/20/2010
Zurich Insurance has expanded the number of funds it offers to investors, aiming to give more options to better suit customer requirements.
Published:7/20/2010
School holidays means children at home, which means more accidents around the home according to Tesco Finance.
Published:7/20/2010
Halifax has just announced the eighth cut in their mortgage rates this year, with almost half of their mortgage products having their interest rates reduced by up to 0.15 percent.
Published:7/19/2010
Marks and Spencer Money has received the award for best unsecured personal loan provider by Your Money Direct.
Published:7/19/2010
More Than Insurance has confirmed what most parents already knew, that they show less patience than their children on car journeys over the summer.
Published:7/19/2010
The Abbey National has been speaking to families in the UK and found them cutting their holiday budgets so they can allocate more of their money to day to day living expenses.
Published:7/18/2010
A new Legal and General Portfolio bond will be available from 21 July, ideal for financial advisors to use when putting together an investment portfolio for their clients.
Published:7/18/2010
Swiftcover are expecting around 100,000 teenagers from the UK will go on holiday this year without their parents – but also without travel insurance.
Published:7/18/2010
The quarterly AA Insurance review of car insurance premiums has found that costs are on the rise again, with the average fully comprehensive policy now costing GBP700.
Published:7/17/2010
New research by Zurich Insurance has shown that people in the UK are not retiring at the expected age, primarily because they have not planned their finances adequately.
Published:7/17/2010
Sainsburys Bank believes that credit card users are not claiming the rewards being earned through loyalty point schemes, ultimately costing themselves money.
Published:7/17/2010
A recent study carried out by the Abbey National has found that over 80 percent of people in the UK are changing their lifestyles to manage the effects of the credit crunch.
Published:7/16/2010
Although we are always told that saving should be one of the first things we do the latest survey results from the Nationwide Building Society show that only a quarter of us are ranking it highly.
Published:7/16/2010
Tesco Finance are telling UK consumers that there are savings to be made on insurance products, it is down to people to go and get them.
Published:7/16/2010
An agreement has been reached on the German consumer banking arm of Citibank, with the operation being sold to Credit Mutuel of France.
Published:7/15/2010
Alliance and Leicester shares leapt by almost 50 percent today as news of an agreement regarding the takeover of the bank by Santander was announced.
Published:7/15/2010
Lloyds TSB has announced a new home insurance product for those aged 50 and over, with the option to tailor the protection to suit specific requirements.
Published:7/15/2010
The changing face of our planet has brought interest in environmental issues very much to the fore, and nowhere more so than in the world of credit cards. Customers are looking to do something for the greater good in every aspect of their life now, which is why there is now a Co-op credit card that helps do just that.
Published:7/14/2010
Barclaycard is acknowledged as being the most powerful credit card brand in the UK according to an independent study of the market.
Published:7/14/2010
An agreement regarding flood insurance between the government and the Association of British Insurers has been supported by AA Insurance.
Published:7/14/2010
An American Express survey has shown that identity theft is more of a worry to people now than many physical attacks.
Published:7/13/2010
Sainsburys Bank is supporting the use of reward schemes for credit card customers, saying they can help save money.
Published:7/13/2010
The Nationwide Building Society has just announced cuts to its range of fixed rate and tracker mortgage products.
Published:7/13/2010
Research from AA Insurance has found that around 22 percent of people in the UK are intending to take a holiday in Britain this year in order to cut down their costs of travel.
Published:7/12/2010
The HSBC has been looking at the different university cities to see which ones will cost the most to live in.
Published:7/12/2010
The Abbey National has announced rate cuts on their two and three year fixed rate mortgages of up to 0.15 percent, the second round of cuts in the last 10 days.
Published:7/12/2010
Direct Line home insurance will now include an automatic 10 percent increase in the level of cover for contents around the time of a wedding.
Published:7/11/2010
Abbey National is about to introduce some new investment bonds, including ones specifically for children, the over 50s and also a fixed rate option.
Published:7/11/2010
The regular Halifax house price report has shown that, in the year to June, property prices have fallen by 6.1 percent.
Published:7/11/2010
Churchill Insurance are asking all pet owners to make sure they have suitable pet insurance in place to ensure the animal can receive the best care should it be needed.
Published:7/10/2010
Good advice comes from Sainsburys Bank as they advise consumers to look at the different savings accounts available and choosing the one that best suits their needs.
Published:7/10/2010
Car insurance company Admiral have been looking at car theft and what is taken, with some surprising results.
Published:7/10/2010
The credit crunch has brought with it rising prices and access to borrowing much harder than it used to be. Looking at how this impacts on UK residents the Post Office, insurance providers as well as much more, have seen the over 50 market hit the hardest.
Published:7/9/2010
A survey carried out by the Abbey National mortgage department suggests that the general view is of house prices stopping their fall within the next 12 months.
Published:7/9/2010
Published:7/9/2010
The latest Tesco Finance report on green activity shows that 53 percent of homeowners were driven by the chance to save money when it came to assessing energy efficient improvements in their homes.
Published:7/8/2010
The Abbey National announced rate cuts on some of its mortgage products at the weekend as well as bringing out two new fixed rate mortgage offers.
Published:7/8/2010
The Bank of Scotland has found that small businesses are saving some of their money rather than investing it back into the business.
Published:7/8/2010
82 percent of households in Britain are changing their behaviour in response to rising costs and future economic concerns say Legal and General.
Published:7/7/2010
The German retail banking arm of Citibank, part of the Citigroup financial giant, saw the number of interested German parties drop to one when Commerzbank withdrew from the race.
Published:7/7/2010
The Prudential has advised with profits policyholders that there will not be a windfall payment to them of surplus funds after considering the option fully.
Published:7/7/2010
It comes as little surprise to anyone that the young drivers on our roads today are being charged much more for their car insurance than their older counterparts. The differences though are considerable.
Published:7/6/2010
Having looked at the savings habits of the nation the Halifax can now highlight which parts of the country save the most, and the least.
Published:7/6/2010
A recent Legal and General survey has shown that the Welsh are the most likely to have money left at the end of the month after covering bills and essential payments.
Published:7/6/2010
A new cash ISA has been introduced by the Alliance and Leicester, with an interest rate of six percent per annum and a minimum balance of just one pound.
Published:7/5/2010
A word to the wise comes from Direct Line with a reminder that any modifications made to a vehicle change the risk profile and therefore the insurance premium.
Published:7/5/2010
The Abbey National Super Saver account offer is being extended beyond the previous deadline of 7 September to give more people a chance to benefit.
Published:7/5/2010
Tesco Finance have introduced the well known Finest branding to their home insurance, with this top of the line cover introducing a concierge service and even higher values of protection.
Published:7/4/2010
A Sainsburys Bank spokesman feels that there are more restrictions and conditions applied to savings accounts than ever before.
Published:7/4/2010
The Summer months are expected to be a busy time for those with credit cards according to Sainsburys Bank, with consumers expected to hit the cards hard to cover their spending.
Published:7/4/2010
According to information from the Abbey National savings division the people of the UK have been putting their money away to pay for a summer holiday, with Europe being the most popular choice.
Published:7/3/2010
Travellers aged 65 and over, of which there are many, can find it very difficult to get travel insurance according to information provided by Saga Insurance, although they do add that it is not as difficult as it first appears.
Published:7/3/2010
The Abbey National is aiming to help smokers kick the habit by encouraging them to save the money they would normally spend on cigarettes.
Published:7/3/2010
The Alliance and Leicester has extended the offer period on its 9 percent gross interest paying fixed rate savings account to give more customers the opportunity to benefit.
Published:7/2/2010
The monthly review of house prices provided by the Nationwide Building Society has shown another fall in house prices for June, though much less than it was in May.
Published:7/2/2010
Abbey National is bringing a 10 year fixed rate mortgage to the market this week aimed at bringing peace of mind to buyers concerned about changing interest rates.
Published:7/2/2010
Special Summer offers have been announced by the Co-op, better known in financial circles as CIS. Their key offer is on a three year tracker mortgage that is only available to CIS current account holders.
Published:7/1/2010
It has been suggested by the Alliance and Leicester that small business owners can make their lives easier by carefully selecting the best bank to suit them, rather than just going for the nearest or most advertised.
Published:7/1/2010
The people at Tesco Finance feel that the best car insurance for a family should include cover for child seats and other family safety fitments.
Published:7/1/2010
We try and keep the news section accurate, please contact us if you spot any errors or omissions.
