A New Credit Crunch Threatened As Banks Cut Back On Mortgages
Read this article explaining how banks are cutting back on granting mortgages as Coronavirus threatens a credit crunch.
Tag: bank
UK Banks Are Planning Credit Card Cost Hike
Banks are planning to increase the cost of credit card borrowing in run-up to Christmas. See the full story here.
Banks Getting Sneaky To Compete with NS&I Savings Rates
See this story about how the high-street banks are getting customers to save with them rather than National Savings and Investments (NS&I).
Banks Now Required To Give 12 Weeks’ Notice of Branch or ATM Closure
New FCA rules mean that Banks and Building Societies are now required to give customers and the regulating authorities notice of closures of ATMs and branches. See this story for full details.
Starling is the First British Bank to Charge Interest on Savings
Starling has started to charge interest on user savings, albeit those held in Euros, as a result of negative interest rates from the European Central Bank. Is this the first of many? Full story here.
Tandem To Close Down Its Credit Card Range
Challenger will be closing down its Credit Card range in November. See the full story here.
Had an Unfair Bank Charge? Money Saving Expert Explains How To Claim Back
oney Saving Expert gives advice on how to claim back unfair bank charges in this article.
Barclaycard Apologises For Setting Credit Limits Too High
Barclaycard has apologised to customers after admitting it may have set credit limits too high in this article.
TSB Not Accepting Mortgage Applications from Furloughed Workers
Read this article about how TSB are refusing to accept application from furloughed workers.
NHS Worker Accuses Lloyds of ‘Hollow’ Support
Read this article about how Lloyds Bank is demanding repayment of a loan from NHS worker.