Customers of Barclays used to pay up to £35 a day if any transactions were made beyond the overdraft limit. The penalty will be reduced to £8 for each transaction if in the “red zone”.
This change is going to be occurring in August just as banks prepare to appear in a High Court case to […]
Under new proposal from the FSA , banks could be compared with each other in terms of quality in a league table. The watchdog is considering showing customers how many complaints each bank gets and how they are resolved.
The National Consumer Council has responded positively to the announcement of a complaints table but the […]
Oil Prices have cooled after much worry yesterday as it reached a record breaking $135 per barrel. The sweet crude was valued at just over $130 dollars today.
This year has seen an increase of oil price by 40%.
The graph above shows that after the Asian financial crisis, oil prices started to decline in 2000 however […]
Facebook has taken out a loan of approximately £51m.The loan is part of a plan to expand the core infrastucture.
March 2008 saw a 240% increase in traffic on the previous year and because of this. the money which has been borrowed from Triplepoint Capital will be used to buy new servers to support the increasing […]
It was requested by the Bank of England some time ago that mortgage lenders pass on the interest rate cuts to borrowers.The Royal Bank of Scotland recently decided to cut back interest rates on some of its mortgage packages.
It is expected that other lenders will soon follow so that they dont lose out on any […]
A recent survey by Scottish Widows suggests that more than half of UK families need two salaries to cover the cost of bills, debts and to live comfortably. Half of the families with one or more child states that they could not cope without the 2 salaries.
A quarter of UK families have no savings because […]
HSBC has opened up a new environmentally friendly headquarters in Chicago, North America. The building has been engineered to help reduce the impact on the environment.Even its operating model is designed to help reduce its “carbon footprint”.
The headquarters which combines five HSBC facilities will house over 3,000 employees. Everything from the way the building has […]