My colleague Maynard Paton and I had a fallout over the collapse of the online poker sector this week. I said that risky Internet poker companies should never have been allowed to float on the London market. I also believed that bankers who brought companies such as PartyGaming (LSE: PRTY) and 888 Holdings (LSE: 888) to market should have done more to protect unsuspecting private investors. But Maynard reckons that stock market investors should always be allowed to make their own choices.
Category: Banks
Motley Fool: Current Accounts Which Beat Savings Accounts
A saver’s Golden Goal is simple: to maximise the interest earned on any money sitting safely on deposit in a bank or building society. However, this is a far from easy task, thanks to the wide variety of different accounts on offer. Who wouldn’t be confused when faced with choosing between over four thousand different savings accounts?
Motley Fool: Two High Interest Alternatives
Despite the recent rise in interest rates, the table-topping savings accounts haven’t been jumbled around much. This isn’t good as lack of competition means no pressure for banks to provide a better service. So, if you’re looking for alternatives to top savings accounts such as those from Birmingham Midshires, ICICI Bank or Alliance & Leicester, here are some ideas.
Motley Fool: It Had To Be…
Lloyds TSB (LSE: LLOY). The bank share that you couldn’t exclude from any HYP (High Yield Portfolio) constructed for quite some years now. An HYP without Lloyds would be like Hamlet without Yorrick. At least until another bank becomes a higher yielder. Which will happen for certain sooner or later.
This Is Money: Borrowers Piling Up Debts They Can’t Repay
Almost two-thirds of lenders, from banks to building societies, say bad debts are at their highest since the recession of the early 1990s
This Is Money: Two New Premium Bonds Winners
A man from Cheshire and a woman from Edinburgh are Britains newest millionaires, after taking the jackpot in Octobers Premium Bonds draw
This Is Money: Bank Details On Sale For A Fiver
Credit card and bank details stolen from hundreds of thousands of Britons are on sale in India for as little as £5 each
MoneyExpert: UK Consumer Credit Dips, As Mortgages Rise
UK consumer credit rose less than predicted in August, with an increase of £755 million against a forecast £900 million, down from the previous month’s £1.1 billion rise.
Scotsman: Cheque Out Your Payments
PEOPLE who still write cheques, made payable only to a bank or building society, may have them declined by their lender from today.
MoneyExpert: Introductory Saving Rates “misleading”
Consumers should be wary of savings accounts offering interest rates of five per cent or more, according to new research.