Scant consolation for savers as banks cut accounts within hours of the Bank of England slashing the base rate By Sylvia Morris For The Daily Mail Published: 23:37 GMT, 17 March 2020 | Updated: 23:51 GMT, 17 March 2020 Banks and building societies have been quick off the mark to slash savings rates. Within hours … Read more
German leaders have ordered the closure of all non-essential shops and told people to ‘stay at home’ as part of sweeping nationwide measures to scale back public life in order to slow the spread of the coronavirus. Chancellor Angela Merkel called on Germans to cancel any holidays at home and abroad, while president Frank-Walter Steinmeier … Read more
FTSE opens down again as it falls 8 per cent to dip below 5,000 to lowest level in nine years – despite global central banks stepping in to battle virus crisis By Mark Duell for MailOnline Published: 08:04 GMT, 16 March 2020 | Updated: 08:41 GMT, 16 March 2020 The FTSE 100 plunged yet again … Read more
FTSE opens down again as it falls 2.3 per cent despite global central banks stepping in after one of the worst weeks in its history amid virus crisis By Rory Tingle For Mailonline Published: 08:04 GMT, 16 March 2020 | Updated: 08:12 GMT, 16 March 2020 The FTSE 100 opened down again today as it … Read more
Bank of England teams up with central banks in Canada, Japan, Europe, the US and Switzerland in extraordinary co-ordinated global response to coronavirus crisis Banks agreed to offer three-month credit in US dollars cheaper than usual rate Move follows a surprise rate cut by the Federal Reserve amid Covid-19 crisis Fed’s move was designed to … Read more
Banks withdraw savings accounts after base rate is slashed to a joint record low of 0.25% By Fiona Parker For The Daily Mail Published: 21:51 GMT, 13 March 2020 | Updated: 21:59 GMT, 13 March 2020 Banks and building societies have rushed to pull more than 25 savings accounts, dealing another blow to long-suffering savers. … Read more
Banks set to hand £20bn in emergency cash to small firms crippled by coronavirus By Daily Mail City & Finance Reporter Published: 23:09 GMT, 12 March 2020 | Updated: 00:27 GMT, 13 March 2020 Britain’s biggest banks pledged last night to immediately make available £20billion of emergency cash to small and medium-sized enterprises brought to … Read more
Banking giants Santander, Lloyds and Halifax have moved their rates to help mortgage borrowers by passing on the full Bank of England 0.5 per cent interest rate cut. Outgoing governor Mark Carney gave his response to the coronavirus crisis as he unveiled an emergency package to stave off recession. The central bank slashed interest rates from … 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
Metro Bank’s risk boss Grahame McGirr is ousted just days before he was due to take up his responsibilities By Daily Mail City & Finance Reporter Published: 21:51 GMT, 4 March 2020 | Updated: 22:06 GMT, 4 March 2020 Grahame McGirr joined Metro Bank as interim chief risk officer on February 10 but was ousted … Read more