Chancellor of the Exchequer George Osborne has secured a key agreement allowing the UK government to regulate its banks more strictly than other EU member states. The agreement was secured in Brussels between European Union finance ministers. It allows the UK to ring-fence retail banking operations from riskier investment banking operations in order to protect [...]
The average balance in an easy access savings account soared by 18 per cent to £1,858 in the first quarter of 2012, according to the ING Direct Consumer Savings Monitor. This is the highest level since the second quarter of 2010, when the typical balance in an easy access account was £2,050. It also represents [...]
Bank customers will be able to make donations to charity at 12,000 cash machines in the UK, under changes being launched this summer. The initiative is part of the government’s efforts to boost charitable giving and follows a consultation with UK banks. ATMs owned by Royal Bank of Scotland and Bank Machine will be the [...]