So, the U.S. Treasury has decided not to bail-out Lehman Brothers bank, the fourth largest investment bank in the States. It now makes me wonder what our Government would do should one of our big banks threatened to go bust?
A Lloyds TSB customer who had his telephone banking password set to “Lloyds TSB is pants” rang up to find they had changed it to “no it isn’t”. He’d changed it when he fell out with the bank over an insurance policy, and later found they would not change it for him again – after he requested it to be reset as “Barclays is better”.
The saga of the bank charge court case looks set to continue with the news that the banks have been succesful in their appeal against a judges ruling from last month. It seems that we’ll now have to wait until the Autumn before things can move forward again, and even then, the case could be […]
If you’re wondering how we ended up with the credit crunch, following the problems with sub-prime mortgage lending in the US, then this funny set of slides might help you understand. Beware, there is some adult language, but it’s worth going through the full 40-odd images for a good chuckle. The Sub-Prime Primer Credit for […]
MoneySavingExpert Martin Lewis has just updated his site with his latest views on the bank charge situation, and despite refund claims still being on hold until 22nd May at the earliest, he believes the time is now right to put in your claim if you haven’t already done so. The reason? The six year rule: […]
If you’ve seen today’s new you’ll likely already know that the 7 banks and 1 building society who were taken to court by the Office of Fair Trading (OFT) have lost their case. In the long-running saga, this ruling by the courts is really only the start for the OFT – although the judge ruled […]
It looks as if the long-awaited result to the bank charge court case will be annouced this Thursday, 24th April. If you recall, last year the Office of Fair Trading (OFT) started a court case against 7 different banks and building societies, to decide whether it can claim that their charges are unlawful under unfair […]
Been a bit quiet on the old blogging front here at Money Watch for the last couple of weeks, so here’s a little subject to get us back in the groove. Following a design competition started back in 2005, The Royal Mint has today released the designs for the new British coins, which are due […]
Chip & PIN has been around for a while, but it’s only been in the last couple of years that it has become the standard way for using a debit or credit card in shops or restaurants etc. When the changeover from using signatures to PIN numbers first came in, I had thought that it […]
Just when it seemed things couldn’t get worse for Northern Rock, the government will tomorrow announce that it is to take control of the bank and nationalise it. Despite looking for outside bidders, including Richard Branson’s Virgin group, to take on the debts of the Rock, they’ve decided instead to do something that they haven’t […]