British banks have said that they do not expect to increase the amount of lending available to businesses in the second quarter of 2013. This is despite the rise in the amount of companies looking to secure loans to help grow their businesses. A survey by the Bank of England has shown that lenders predicted…

Banks have been reducing the rates of interest that they offer on new savings accounts for months now, as well as closing some accounts that offer particularly good rates. As more and more banks have cut off their best offerings from customers, it has triggered a domino effect that has seen the entire market fall…

Lloyds TSB will be putting the sale of the current account packages it offers on hold. Although the bank denies that this has anything to do with mis-selling of packages, a whistleblower has claimed otherwise, and it is has made this decision suspiciously soon after a number of other high street banks have been accused…

The Bank of England’s Financial Policy Committee (FPC) have gathered today in order to discuss what needs to be done by the UK’s financial services industry to bring them through the current financial situation. Previously, the FPC have said that banks need to raise capital in order to weather any impending failures in markets or…

It’s no secret that there are issues with the computer systems that RBS uses. Earlier this year, customers across the UK and Ireland suddenly discovered they could not access their online banking services and thus were unable to pay bills, monitor their transactions, make loan repayments or transfer money between accounts when they wanted to.…

Public opinion has swung massively against the banks since the start of the financial crisis, and they weren’t anybody’s favourite group before then. With more and more revelations appearing in the media about the amount bankers were paid, the bonuses they could expect, the scandals they were involved with and more, there has been a real hope…

Businesses are complaining that it’s not only a lack of lending from banks that is making them cut spending, but also the “stickiness” of inflation that is hovering over the UK. Even though the CPI index, generally considered to be a good indication of how much the cost of living is increasing by, has dropped…