Bank of England makes emergency cut in interest rate from 0.75% to 0.25% ahead of Chancellor Rishi Sunak’s budget to battle coronavirus today By Mark Duell for MailOnline Published: 07:11 GMT, 11 March 2020 | Updated: 07:22 GMT, 11 March 2020 The Bank of England has cut the main interest rate to 0.25 per cent … Read more
Royal Bank of Scotland defers mortgage and loan repayments for up to THREE MONTHS for customers impacted by coronavirus RBS has said it would also waive early closure charges on fixed savings accounts Bank will offer refunds on credit card cash advance fees to affected customers The bank said customers could apply for increased temporary … Read more
George Osborne warns that banks could grind the economy to a halt by slashing lending if Coronavirus causes firms to fail as he urges Chancellor Rishi Sunak to ‘vaccinate’ businesses in Wednesday’s Budget Ex-politician raised spectre of banks refusing to lend money if firms start failing Thousands of ill workers and consumers could be forced … Read more
A university worker who hanged herself after gambling away her entire salary at online casinos was failed by her bank and betting firms, her grieving parents said yesterday. Natasha White, 34, became hooked on games such as online roulette through apps she could play at home – despite having no interest in going to casinos … Read more
Five out of the six High Street banks allow customers to bank cheques made out to their middle names By Samantha Partington For The Daily Mail Published: 22:00 GMT, 10 September 2019 | Updated: 09:13 GMT, 11 September 2019 Current account holders can still bank cheques made out to their middle names in five out … Read more
Swans, cobblestones and lace shops: Bruges doesn’t disappoint if your hopes for a weekend away includes old-fashioned charm. But this medieval masterpiece of a city, reached from London in little more than three hours on Eurostar, also has avant-garde musical installations, irresistible chocolate shops and a thriving beer scene all set on winding, ancient lanes. … Read more
I transferred some money to someone who was doing some work in my garden and unknowingly – and rather stupidly – managed to get the account number wrong. With hindsight I should probably have transferred a smaller value as a test, but instead sent £1,000. Having checked on the Barclays website, it states that transfers … Read more
MARKET REPORT: New Year Beijing bounce for stock markets as China central bank pumps an extra £87bn into the economy Chinese Central Bank gives the market a whooping £87billion kick-start Move comes off the back of the US-China trade war and a weak year for the SSE FTSE, DAX, and the DOW were nudged up … Read more
MPs raise ‘serious concerns’ over next Bank of England chief Andrew Bailey’s record as FCA boss By Daily Mail City & Finance Reporter Published: 21:51 GMT, 5 March 2020 | Updated: 21:51 GMT, 5 March 2020 Andrew Bailey has come under fire over his leadership of the City watchdog just days before taking over at … Read more
People applying for credit cards with two major UK lenders have to roll the dice to check if they will be accepted, putting their credit score at risk in the process. HSBC and Tesco Bank require applicants to do a ‘hard search’ which shows up on their credit file, and can damage their credit score … Read more