According to reports this weekend, Coventry Building Society is in merger talks with its smaller rival, the Stroud & Swindon.
The talks follow a series of recent mergers between Britain’s building societies and, should a deal be successful, will bring more consolidation to the mutual sector.
The...
Posted to
Finance
on 03-07-2010
Filed under: All Financial News, Economy News, Banking News, talks, Financial Services Authority, Company News, Derbyshire, consolidation, merger, West Bromwich Building Society, Skipton, Cheshire, Britannia, Co-operative Financial Services, Coventry Building Society, Chelsea, Chesham, Stroud & Swindon, Dunfermline, Yorkshire, mutuals
City watchdog, the Financial Services Authority (FSA), has granted a banking licence to Metro Bank - which is set to become Britain’s first new high street lender for more than a century.
Metro Bank, which is backed by US billionaire and former Commerce Bank owner Vernon Hill, is planning to open...
Posted to
Finance
on 03-07-2010
Filed under: All Financial News, Banking News, licence, Financial Services Authority, FSA, expansion, Tesco, Virgin Money, London, Metro Bank, new bank, Anthony Thomson, Vernon Hill
The Financial Services Authority (FSA) is to investigate the way Royal Bank of Scotland (RBS) deals with customers’ complaints. The City Watchdog is to examine “certain aspects” of the way the bank deals with complaints but the bank has said it would fully co-operate.
A spokeswoman...
Posted to
Finance
on 02-25-2010
Filed under: All Financial News, Banking News, Royal Bank of Scotland, RBS, Financial Services Authority, FSA, complaints, Financial Ombudsman Service, investigation, customer, watchdog
Leeds-based independent financial advice company, Park Row Associates, has failed to give suitable advice, according to the Financial Services Authority (FSA) and has therefore been ordered to pay compensation to customers.
The City Watchdog has established that customers of Park Row Associates were...
Posted to
Finance
on 02-24-2010
Filed under: All Financial News, Financial Services Authority, FSA, Company News, advice, financial, customers, payout, millions, compensation, Park Row Associates, ordered, unsuitable