banks

Should you back banks now they CAN pay dividends?

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Investors in the leading banks have endured a hair-raising year. At times, Lloyds, NatWest, Barclays and HSBC have seen their share prices dwindle to under half what they were 12 months ago. But are they now turning a corner?  Banks were this month given the green light to restart paying dividends – a huge relief … Read more

Help food banks get more cash – by giving them HEAVIER goods

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Scurrying around the aisles like a contestant in the 1990s TV game show Supermarket Sweep, I don’t know which way to turn among the mountains of groceries. Then, from among a sea of jams, marmalades and peanut butter I spot a single jar of Marmite – and place it into my trolley.  Scanning down my … Read more

Big banks paid just 38 pence interest on £1,000 on cash Isas this year

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Worst year yet for cash Isa savers: Big banks paid just 38 pence interest on each £1,000 in 2020 By Sylvia Morris For The Daily Mail Published: 22:00 GMT, 15 December 2020 | Updated: 22:36 GMT, 15 December 2020 Britain’s biggest banks will pay savers as little as 38 pence interest on each £1,000 in … Read more

Watchdog slams banks’ ‘vague and ineffective’ fraud alerts

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Banks can wriggle out of paying fraud refunds if they can prove victims ignored warnings on their websites. Yet a damning report by the Lending Standards Board (LSB) revealed last week that many of these scam alerts are vague, ineffective and not good enough. The watchdog refused to name and shame the banks with the … Read more

Chaos as banks shut expats’ accounts as end of Brexit transition looms

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Chaos as banks shut expats’ accounts amid fears over restrictions after Brexit transition ends on January 1 UK banks will have to abide by new rules after the end of Brexit transition period  They will lose EU ‘passporting’ rights from Dec 31, prompting service shake-up Banks have told British expats in Europe that their accounts … Read more

Bailey urges big banks to keep on lending and support the UK economy 

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Bailey urges the big banks to keep on lending and support the battered UK economy By Daily Mail City & Finance Reporter Published: 21:51 GMT, 11 December 2020 | Updated: 21:51 GMT, 11 December 2020 Bank of England governor Andrew Bailey Bank of England governor Andrew Bailey has urged industry heavyweights to keep lending and … Read more

Banks told to do more to prevent customers from being scammed

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Britain’s biggest high street banks are still failing to provide proper warnings to customers about the risks of losing money in transfer scams, a review has found. Nine banks which signed up to an industry code introduced in May last year are required to provide customers with ‘effective warnings’ so they can protect themselves from … Read more

Saxo Banks reveals ‘outrageous predictions’ for 2021

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An Amazon ‘buyout’ of Cyprus, the demise of fake news and the widespread adoption of universal basic income are among a bank’s ‘outrageous predictions’ for 2021 which it says are ‘unlikely but underappreciated’.  Denmark’s Saxo Bank says the list of ten potential shocks to the market is an ‘exercise in considering the full extent of … Read more

Big banks that deserted High Street to swell profits are slammed by consumer group Which?

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New generation of banks ‘are best for customer service’: Big banks that deserted High Street to swell profits are slammed by consumer group Which? survey of 4,500 customers rated 24 banking brands Starling Bank finished top with an overall customer service score of 88 per cent RBS had 61 per cent, and TSB and Santander … Read more

Banks will still refund victims of fraud

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A vital refund scheme for scam victims that had faced the axe this month will be extended until June next year, Money Mail can exclusively reveal. High Street banks have pledged to continue to refund customers conned into transferring money to fraudsters — but it is thought the refund scheme will not be extended after … Read more