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Savings raided to pay debts
By James SalmonLast updated at 1:04 AM on 07th April 2010
Borrowers with one of Britain’s biggest banks could have money from their savings raided to pay off their debts.
Spanish-owned Santander will be able to take cash owed for debts with Abbey from savings and current accounts held by the same customer at Alliance & [...]
millions of current account holders permanently overdrawn
A new study has shown that five million Britons are permanently overdrawn: a trend that could worsen if inflation were to rise further.
Research from moneysupermarket.com shows that 10% of people with current accounts were overdrawn throughout 2009. A further 12% dipped into their overdrafts at least five times during the year, and 38% of people [...]
How you'll pay double to insure with our banks
By Rosanna SperoLast updated at 9:29 AM on 24th February 2010
Britain’s state-backed banks are targeting loyal customers by overcharging them for insurance.
Not content with ripping them off on current accounts and credit cards, the banks are now boosting their coffers with overpriced cover.
A Money Mail investigation has discovered that RBS/Natwest and Lloyds Banking Group [...]
Policy rate unchanged at 12.5%
Policy rate unchanged at 12.5%
By Tanveer Ahmed
KARACHI: The State Bank of Pakistan (SBP) on Saturday kept the policy rate unchanged at 12.5 percent, falling in line with the expectations of the analysts foreseeing the policy rate at the current slab.
SBP Governor Salim Raza unveiling the Monetary Policy Statement at a press conference said that macroeconomic [...]
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