Following yesterday’s news that the Dunfirmline Building Society is going bust, we’ve since found out that Nationwide is to takeover the more “stable” areas of the business, whilst yet again us tax payers will bear the risk of the dodgy toxic mortgages Dunfirmline polluted its otherwise decent business with.
How will this affect Dunfirmline customers?
Tesco is hoping to capitalise on consumers’ disenchantment with traditional banks by opening its own banks in several of its supermarkets.
The BBC has a run down of the FSA’s bank reform recommendations announced today, which are aimed at bringing us out of this horrible mess and prevent it happening in the future.
You may recall that a few weeks ago I asked for feedback on RBS/Natwest’s MoneySense scheme, where advisors in the branches of these banks were specially trained to give impartial advice on a range of money issues.
Following on from yesterday’s announcement of 2,100 job losses worldwide, of which it now appears that 500 will be in the U.K., Barclays has announced another 2,100 job cuts, this time in its retail and commercial banking divisions, all of which will be from the U.K..
It looks like Barclays is planning at least 2,100 job cuts worldwide, equating to 7% of its workforce.
The details are a little sketchy at the moment, so it’s unclear how many of these jobs will go from the U.K., but these job losses join the 400 redundancies announced by Barclays a couple of weeks ago.
The Bank of England has today decided to cut interest rates, taking them down to just 2%.
Since I’ve been tracking my spending to the penny, I’ve found myself logging into online banking pretty much every day to see what money has come in and most importantly, what has gone out. I can then record any outgoings in Expensr. When I’m not being so hot on tracking my spending, I generally login […]
Following on from my post yesterday about the Icesave compensation process, the first emails have started to arrive, and the following, for those who may be interested, is the text from the email.
It appears that the process put in place to compensate Icesave customers is kicking off this week as was hoped.
Here’s a breakdown of how the process should work.