banks and building societies

UK banks banned from requesting personal guarantees for loans

UK banks banned from requesting personal guarantees for loans

Rishi Sunak says lenders must ‘do their part’ to aid small businesses during Covid-19 crisisCoronavirus – latest updatesSee all our coronavirus coverageThe chancellor, Rishi Sunak, has banned banks
Loan and credit card payments to be frozen for three months in UK

Loan and credit card payments to be frozen for three months in UK

Financial regulator fast-tracks measures to help consumers during coronavirus crisisCoronavirus – latest updatesSee all our coronavirus coverageThe financial regulator has announced plans to freeze
Banks paid millions in bonuses weeks before ban on cash rewards

Banks paid millions in bonuses weeks before ban on cash rewards

Majority of payouts already in executives’ accounts before UK dividend axe, say sourcesMillions of pounds of bank bonuses were paid out weeks before the Bank of England banned British lenders from
Panic buying on wane as online shopping takes over, says bank

Panic buying on wane as online shopping takes over, says bank

Starling says peak supermarket shopping due to coronavirus was two weekends agoCoronavirus – latest updates See all our coronavirus coverage There is an early sign that supermarket panic buying may be
Panic buying on wane as online shopping takes over, says bank

Panic buying on wane as online shopping takes over, says bank

Starling says peak supermarket shopping due to coronavirus was two weekends agoCoronavirus – latest updates See all our coronavirus coverage There is an early sign that supermarket panic buying may be
How can banks insist that I have a mobile?

How can banks insist that I have a mobile?

I don’t own one but need an authentication code for online transactionsIt is getting very difficult to carry out financial transactions online because I do not carry a mobile phone. In response to the
How UK banks are offering coronavirus support to customers

How UK banks are offering coronavirus support to customers

Lenders to overhaul overdrafts and mortgage repayments to ease financial falloutCoronavirus – latest updatesSee all our coronavirus coverage Britain’s banks have been rushing out measures to help
UK cash usage halves within days as shops close due to coronavirus

UK cash usage halves within days as shops close due to coronavirus

Fears for those without bank cards as shoppers switch to contactless to avoid virus Coronavirus – latest updatesSee all our coronavirus coverageCash usage in Britain has halved in the past few days,
Limit for contactless spending to rise to £45 at beginning of April

Limit for contactless spending to rise to £45 at beginning of April

Retailers say changes, designed to cut the need for contact, may take time to be implemented everywhereThe contactless limit for in-store spending is to increase from £30 to £45 from 1 April as
UK lenders banned from repossessing homes amid coronavirus crisis

UK lenders banned from repossessing homes amid coronavirus crisis

Banks and building societies also warned off charging fees for mortgage holidays as customers spend hours trying to contact lendersCoronavirus – latest updatesSee all our coronavirus coverageThe City
Irish banks told to offer relief to coronavirus-stricken borrowers

Irish banks told to offer relief to coronavirus-stricken borrowers

Health minister urges lenders to show compassion to those made jobless by pandemicCoronavirus – latest updatesSee all our coronavirus coverageThe Irish government has told banks to show compassion
Metro Bank hit with fresh lawsuit by Iranian customers

Metro Bank hit with fresh lawsuit by Iranian customers

Group of claimants expected to seek at least £1.5m in damages over account suspensionsEmbattled lender Metro Bank has been hit with a fresh lawsuit by a group of Iranian customers who say their
Which? calls for all banks to adopt anti-fraud measures

Which? calls for all banks to adopt anti-fraud measures

Consumer group says analysis shows £1bn lost to fraudsters since the start of 2017The consumer group Which? is calling on the government to force all banks to adopt new anti-fraud measures, after
Coronavirus outbreak – how will it affect my rights, pay and debts?

Coronavirus outbreak – how will it affect my rights, pay and debts?

In a crisis with more questions than answers, many worry how they’ll cope. We look at the personal finance issuesPeople across the UK may soon find themselves out of office for lengthy periods of
Is the Junior Isa rise just another budget perk for the wealthy?

Is the Junior Isa rise just another budget perk for the wealthy?

In his budget, the chancellor doubled the amount parents can put into tax-free savingsA welcome boost for the next generation or a perk for the wealthy? Tucked away in this week’s budget, and
Is the Junior Isa rise just another budget perk for the wealthy?

Is the Junior Isa rise just another budget perk for the wealthy?

In his budget, the chancellor doubled the amount parents can put into tax-free savingsA welcome boost for the next generation or a perk for the wealthy? Tucked away in this week’s budget, and
What does interest rate cut mean for mortgages and savers?

What does interest rate cut mean for mortgages and savers?

There will be gain for some consumers but pain for others after the Bank of England’s decisionThe emergency 0.5% rate cut by the Bank of England in the midst of the coronavirus outbreak will mean
What does interest rate cut mean for mortgages and savers?

What does interest rate cut mean for mortgages and savers?

There will be gain for some consumers but pain for others after the Bank of England’s decisionThe emergency 0.5% rate cut by the Bank of England in the midst of the coronavirus outbreak will mean
UK banks offer mortgage holidays for customers affected by coronavirus

UK banks offer mortgage holidays for customers affected by coronavirus

RBS, NatWest, Lloyds and TSB to increase credit card limits and let fixed-term savers withdraw cash early Coronavirus – latest updatesUK banks including Royal Bank of Scotland, Lloyds and TSB are to
'I lost £95,000 in a bank scam after my solicitor's email was hacked'

'I lost £95,000 in a bank scam after my solicitor's email was hacked'

Sally Flood managed to claw two-thirds back, but says lenders should do more to protect customersA Manchester woman lost £95,000 she inherited from her father in a sophisticated bank transfer scam.