Money Advice Archives | Gladstone Brookes

Blog Category: Money Advice


TSB to open dedicated IT centre for digital banking

TSB to open dedicated IT centre for digital banking

Challenger bank TSB is to open a dedicated IT centre as part of its drive towards digital banking.

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Santander latest to set 40% overdraft rate

Santander latest to set 40% overdraft rate

Santander has become the latest bank to set a single overdraft rate of 40%.

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FCA warns banks to stop short-changing loyal customers

FCA warns banks to stop short-changing loyal customers

Britain’s financial regulator has warned banks to stop short-changing loyal customers while rewarding new accounts with special ‘teaser rates’.

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Bank of England to set new climate tests for UK banks

B of E to set new climate tests for UK banks

In a world first the Bank Of England is set to order the UK financial system to undergo a new series of tests to establish their readiness to cope with problems brought on by climate change.

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FCA warns own ban on mini-bonds could cause trouble

FCA warns own ban on mini-bonds could cause trouble

Britain’s financial regulator has admitted its own ban on the marketing of mini-bonds to retail investors could harm existing bond holders.

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FCA bans marketing of mini bonds to ordinary savers

FCA bans marketing of mini bonds to ordinary savers

Britain’s financial regulator has banned the marketing of mini bonds to ordinary savers from January.

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PPI News – Genworth liable to pay for PPI mis-selling

Genworth liable to pay for PPI mis-selling

A High Court judge has ruled that an American insurer – Genworth Financial – is legally liable for 90% of the £265 million cost of PPI policies mis-sold through Spanish-owned bank Santander.

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Regulator worried about economic downturn in 2020

Regulator worried about economic downturn in 2020

Britain’s financial regulator is growing concerned about the possible effects of a downturn in the economy in 2020.

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FCA demands explanation from Lloyds

FCA demands explanation from Lloyds

Britain’s financial regulator has demanded an explanation from Lloyds Banking Group (LBG) for the findings of a report into the £245 million HBOS Reading fraud case.

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HSBC overdraft charges could quadruple

HSBC overdraft charges could quadruple

Overdraft charges for some HSBC could quadruple in March of next year when the bank plans to adopt a single 39.9% interest rate for anyone in the red.

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