I have an account with Halifax in Chesterfield. My niece registered Power of Attorney (POA) over my financial affairs in April. She needed a debit card as she was taking care of my shopping during the first lockdown. All subsequent correspondence and papers were issued in the name of J. Jones, which is neither her … Read more
Nationwide rules out charging customers for everyday banking after holding secret review By Emma Dunkley And Helen Cahill, Finacial Mail On Sunday Published: 21:52 GMT, 31 October 2020 | Updated: 21:52 GMT, 31 October 2020 Nationwide has ruled out charging customers for everyday banking after holding a secret review. Britain’s biggest building society is understood … Read more
‘It’s the end of free banking, as we know it,’ I sang to myself in the style of R.E.M earlier in the week. A perfect storm is brewing which could potentially see more and more customers charged a monthly fee for having a current account. This is a blend of coronavirus, a crackdown in overdraft … Read more
Stark warning from boss of Virgin Money: End of free banking if rates go negative By Helen Cahill, Financial Mail On Sunday Published: 21:51 BST, 17 October 2020 | Updated: 21:51 BST, 17 October 2020 The boss of Virgin Money has warned that banks could start charging for basic services if interest rates turn negative. … Read more
Banking giant Investec has confirmed plans to axe 210 jobs from its London headquarters amid a ‘challenging economic backdrop’. The firm said it will slash around 13 per cent of roles in the capital in order to help ‘simplify and focus the business’ amid the pandemic. Investec added its performance in the five months to … Read more
NatWest banking goes DOWN across much of the UK leaving customers locked out of their accounts Customers have complained about a variety of problems with online accounts Some are unable to log in, make payments or view their accounts with the bank NatWest have confirmed the issue and said they are investigating urgently By Jack … Read more
Santander’s online banking system crashes leaving millions of customers unable to access their accounts By Tom Pyman For Mailonline Published: 14:23 BST, 28 August 2020 | Updated: 14:35 BST, 28 August 2020 Santander customers were unable to access their bank accounts online for what seemed to be several hours on Friday. The bank said on … Read more
Coronavirus strikes at heart of British banking system as it wreaks havoc on finances of two of the biggest lenders Barclays hit by £3.7billion bad loans Santander UK writes off £5.4billion By Matt Oliver For The Daily Mail Published: 22:27 BST, 29 July 2020 | Updated: 22:27 BST, 29 July 2020 The coronavirus struck at … Read more
No going back: Roger Jewitt is now banking online For years, Roger Jewitt had absolutely no interest in banking online. The 70-year-old had heard horror stories of people losing thousands of pounds after their personal details were stolen by fraudsters and feared the same could happen to him. But he is now among a growing … Read more
Goldman Sachs paying Malaysia £3bn to apologise for its employees’ part in international scandal By Daily Mail City & Finance Reporter Published: 21:51 BST, 24 July 2020 | Updated: 22:06 BST, 24 July 2020 Goldman Sachs will pay Malaysia £3billion to apologise for its employees’ part in an international scandal. Its bankers were accused of … Read more