September, 2007 news
Cost of loans `to be recalculated`
A new method of comparing the cost of loans could be introduced over the coming months in banks and building societies across the country.... Read more »
Halifax launches multi-currency ATM
One of the UK`s major banks has launched a new multi-currency ATM which it hopes will help its customers avoid commission at travel agents.... Read more »
Bank pledges 10bn `to calm credit crunch`
The Bank of England (BoE) has announced it will inject over £10 billion into the liquidity market in a bid to calm the current credit crunch.... Read more »
Government `to bite loan sharks`
The government has announced the biggest-ever crackdown on loan sharks and illegal lending in the UK.... Read more »
Chancellor guarantees all Northern Rock deposits
Chancellor Alistair Darling has pledged that the Bank of England will underwrite all existing deposits at crisis-hit mortgage lender Northern Rock in a bid to reassure customers.... Read more »
King speaks out over `credit crunch`
Bank of England governor Mervyn King has broken his silence over the financial market turmoil and the high interest rate levels.... Read more »
Chancellor warns consumers over spiraling debts
People should think "long and hard" about the consequences of borrowing before they sign up to loan deals, the chancellor of the exchequer has warned.... Read more »
`Responsible` banks should help with debt problems
All banks and building societies have a commitment to demonstrate "responsible lending", an industry expert has said.... Read more »
Interest rates `likely to be held`
The Bank of England will announce its monthly interest rate decision later on Thursday, September 6th, with many economists predicting levels to remain the same.... Read more »