The five pound note is to re-establish itself in the wallets and purses of the nation on the news that all banks and building societies will be dispensing fivers from ATMs in the future. Currently, scarcity means that £5s change hands many more times than other notes before being returned for sorting...
Posted to
Finance
on 09-03-2010
Filed under: All Financial News, Bank of England, Banking News, 5%, ATMs, Link, five pound note, fivers, Note Circulation
UK banks are facing mounting losses from credit card customers, with figures from the Bank of England showing write-offs rising to £2.1 billion in the three months to the end of June, up from £1.3 billion in previous quarter. According to a BBC report, the 2010 total for bad credit card debt now looks...
Posted to
Finance
on 09-01-2010
Filed under: All Financial News, Banking News, losses, Credit Card News, credit card, Debt News, debt management, bad debt, Consumer Credit Counselling Service, CCCS, debt management companies, new advertising codes
Bank of Japan (BoJ) has announced new measures aimed at enhancing “easy monetary conditions” and holding back the rise in the value of the yen. Following an unscheduled meeting of its Monetary Policy committee, the Bank is to provide the country’s lenders with and additional 10 trillion...
Posted to
Finance
on 08-30-2010
Filed under: All Financial News, Economy News, Banking News, US economy, recovery, yen, outlook, Bank of Japan, risks, loan facility
Banking giant HSBC is in talks with South African insurer Old Mutual about acquiring a majority stake in Nedbank Group – South Africa’s fourth biggest bank. The media has speculated that the price could be around £4.5 billion for a 52% stake, in the latest in a series of assets Old Mutual...
Posted to
Finance
on 08-23-2010
Filed under: All Financial News, Banking News, deal, talks, HSBC, stake, acquire, Nedbank, Old Mutual, South Africa