£80 billion scheme to kick-start bank lending begins
2 August 2021
An £80 billion scheme designed to encourage bank lending was put into action yesterday, in the latest move to help revive the economy.
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Spending power down as bank balances shrink
1 August 2021
UK households saw their spending power drop once again in the first quarter of 2021, according to the Office for National Statistics (ONS).
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Would you deposit cheques with your mobile phone?
31 July 2021
Reuters reports that the Bank of America and Wells Fargo & Co are introducing new mobile banking services - including cheque deposits. Combined, these banks have nearly 20 million active mobile banking users across the USA.
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Parliament's banking inquiry begins
30 July 2021
The parliamentary inquiry into banking got underway late last week, starting with calls for written evidence on standards and ethics in the banking industry as it currently stands, The Independent reports.
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How could new banking watchdog help customers?
26 July 2021
The new banking watchdog proposed by the Government should make it simpler for banking customers to get information about financial products in order to avoid any 'nasty surprises', peers have said.
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Could we all be paying for bank accounts in the near future?
25 July 2021
With the chairman of the Financial Services Authority (FSA) recently claiming that free bank accounts are "bad for competition", it's looking increasingly likely that most (if not all) bank accounts will carry some kind of monthly fee before long.
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Northern Rock sale to bring in another £500m
24 July 2021
When Northern Rock was sold to Virgin Money in November last year, 'the taxpayer' got £747 million out of the deal - but that wasn't the end of it. There's more money coming in to the public coffers.... read more »
Bank lending to shrink this year
23 July 2021
Banks are expected to lend less this year, according to an independent forecaster.
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'Everyone's time is worth the same' say time bankers
23 July 2021
Here at Think Money, we are interested in all things to do with personal finances, and we were pleased to learn about a growing movement that replaces the concept of 'money' with 'time'.
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Co-op agrees terms on Lloyds bank branches
19 July 2021
The Co-operative Group has now agreed the terms for the buyout of 632 Lloyds Banking Group branches, as the BBC reports.... read more »
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