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Bereaved families trying to tie up their loved ones finances hit by banking delays and blunders in pandemic By Victoria Bischoff for the Daily Mail Published: 22:01 GMT, 16 February 2021 | Updated: 22:01 GMT, 16 February 2021 Bereaved families are facing long delays and costly administration errors when wrapping up their loved ones’ finances … Read more
Finally a glimmer of light for banking heir Kate Rothschild and her partner Paul Forkan – I am delighted to report that the couple are expecting. Their first child together is due in June, Kate has confirmed to me – and it represents some much-needed good news for a family plagued with tragedy in recent … Read more
At the start of September, buried in an otherwise nondescript update about changing terms and conditions, the digital bank Starling made an unusual announcement. From 4 November, the bank would ‘introduce an interest rate of -0.5 per cent on deposits over €50,000’ held in its euro account. Starling had become the first British bank to … Read more
Roadside recovery firm AA banks on £218m private equity rescue: Stock crashes 86% since listing By Matt Oliver For The Daily Mail Published: 22:07 GMT, 23 November 2020 | Updated: 22:07 GMT, 23 November 2020 The AA looks set to end its disastrous run on the stock market after bosses said they were prepared to … Read more
Boss of Lloyds Banking Group on track to receive shares windfall just as he bows out of lender By Emma Dunkley, Financial Mail On Sunday Published: 21:54 GMT, 21 November 2020 | Updated: 21:54 GMT, 21 November 2020 The boss of Lloyds Banking Group is on track to receive a shares windfall just as he … Read more
Blow for loyal savers as plan for minimum interest rates is scrapped by banking regulator Plans to protect loyal savers with a minimum interest rate have been shelved FCA announced earlier this year that it planned to shake up the savings market Move would have required every bank and building society to pay a blanket … Read more
I have an account with Halifax in Chesterfield. My niece registered Power of Attorney (POA) over my financial affairs in April. She needed a debit card as she was taking care of my shopping during the first lockdown. All subsequent correspondence and papers were issued in the name of J. Jones, which is neither her … Read more
Nationwide rules out charging customers for everyday banking after holding secret review By Emma Dunkley And Helen Cahill, Finacial Mail On Sunday Published: 21:52 GMT, 31 October 2020 | Updated: 21:52 GMT, 31 October 2020 Nationwide has ruled out charging customers for everyday banking after holding a secret review. Britain’s biggest building society is understood … Read more
Is this the end of ‘free’ banking and who is winning the current account switching battle? The This is Money podcast By This Is Money Published: 17:15 GMT, 30 October 2020 | Updated: 17:15 GMT, 30 October 2020 Murmurs from HSBC HQ this week warned that an overhaul of its business model could leave customers … Read more
‘It’s the end of free banking, as we know it,’ I sang to myself in the style of R.E.M earlier in the week. A perfect storm is brewing which could potentially see more and more customers charged a monthly fee for having a current account. This is a blend of coronavirus, a crackdown in overdraft … Read more