The Lloyds Banking Group (LBG) has joined the 40% overdraft club, but some customers could be charged as much as 49.9% when their account goes into the red.
Blog Category: Money Advice
Successful PPI claimants could be owed a £350 million rebate from the taxman because they may have paid income tax twice on their compensation.
Challenger bank TSB is to open a dedicated IT centre as part of its drive towards digital banking.
Santander has become the latest bank to set a single overdraft rate of 40%.
Britain’s financial regulator has warned banks to stop short-changing loyal customers while rewarding new accounts with special ‘teaser rates’.
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.
Britain’s financial regulator has admitted its own ban on the marketing of mini-bonds to retail investors could harm existing bond holders.
Britain’s financial regulator has banned the marketing of mini bonds to ordinary savers from January.
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.
Britain’s financial regulator is growing concerned about the possible effects of a downturn in the economy in 2020.