Wed 07th Jun 2017
Customers choose banks based on security over rates
Banking customers are placing a greater importance on security rather than savings rates, new research has revealed..
FOS reveals rise in internet and phone banking complaints
The number of complaints received by the Financial Ombudsman Service (FOS) regarding internet/phone banking rose during 2016...
60% believe capital requirements increase will prevent new bank entrants
The new capital requirements will make competition with the large banks more difficult, one challenger has warned...
Wesleyan Bank to provide additional £50m to SMEs
Wesleyan Bank has announced a new asset finance funding programme to help SMEs to grow and compete against larger, more established competitors...
FCA to consult on new rules for current account providers
The FCA has announced proposals to help customers make effective comparisons on the service levels offered for personal and business current accounts...
Lloyds Bank removes arrangement fees for small business customers
Lloyds Bank has announced the removal of term lending arrangement fees for small businesses...
Charter Savings Bank increases rate on one-year fixed cash Isa
Charter Savings Bank has increased rates on its one-year, fixed-rate cash Isa by 0.05% to 1.21% AER...
PCF Bank launches
PCF Bank has announced that it has received notification from the PRA and FCA that its regulatory restrictions have been lifted and it has become a fully operational bank...
UTB provides £140,000 loan for overdue tax bill
When United Trust Bank (UTB) was approached by one of its key broker partners to assist a firm of solicitors that had an overdue tax bill owed to the HMRC, it appeared to be an unusual request for the specialist bank...
Fidor partners with Seedrs
Challenger bank Fidor has announced its partnership with equity-based crowdfunding provider Seedrs...
Temenos highlighted in digital banking report
Swiss software specialist for banking and finance Temenos has been named a ‘leader’ in the Forrester Wave: Digital Banking Engagement Platforms (DBEPs) report for Q3 2017..
Paragon Bank’s combined deposits top £3bn mark
Paragon Bank has welcomed its 100,000th customer and recorded combined deposits of £3bn..
Monzo starts to roll out current accounts
Monzo has announced that it has started rolling out its current accounts...
British Business Bank increases finance provided to SMEs by 24%
The British Business Bank (BBB) has increased the total stock of finance it provided through its programmes to SMEs to £9.2bn during the past financial year...