With the British public’s opinion of the major high street banks in the gutter, it’s rather unsurprising that they are doing their best to change their image. If anything, it’s shocking that is has taken this long and there have been so many scandals that not much surprises the public anymore. Since the beginning of […]
Category: Business
Lloyds Being Investigated By FSA for Mis-selling Financial Products
The Lloyds Banking Group is being investigated by the Financial Services Authority (FSA) for mis-selling its financial products to its retail customers. The investigation into the Lloyds group was announced today by the financial regulator, which has promised to look at the whole financial industry for the mis-selling of products. The FSA announced that it planned to […]
Vince Cable Tells Investors to Curb Daredevil Casino Traders
Vince Cable, Business Secretary yesterday issued a call for British bank shareholders to help curb the ‘daredevil’ behaviour of the UK’s ‘casino banks. The Business Secretary made the call in a speech to the Association of British Insurers, which are one of Britain’s most powerful and influential investor groups. Cable said that the Government could […]
Business Finance Conditions Still Getting Worse
Business credit conditions in the UK are still getting worse the Bank of England has warned. Banks are being much more proactive in trying to call in their outstanding debts from UK companies. New loans for companies are much harder to get, and those companies that are managing to get new loans are paying much […]
On-going Credit Squeeze Becoming Critical Because Banks Still Not Lending
The Federation of Small Businesses (FSB) has issued a warning that ‘The on-going credit squeeze is becoming critical’ after it has been revealed today that four out of ten small businesses are still being turned down when they apply for business loans. The FSB who interviewed 2,850 small businesses found that 41% of them who […]
Money Saving Website Sells For £87million
The popular financial advice website moneysavingexpert.com has been sold in a deal worth £87million to the comparison website moneysupermarket.com. The website is owned by Martin Lewis, who is a money saving expert that often appears on television shows and other media to offer financial advice. Moneysavingexpert.com has become a dominant force on the internet and […]