Five out of the six High Street banks allow customers to bank cheques made out to their middle names By Samantha Partington For The Daily Mail Published: 22:00 BST, 10 September 2019 | Updated: 09:13 BST, 11 September 2019 Current account holders can still bank cheques made out to their middle names in five out … Read more
Lloyds Bank comes under fire for its ‘disappointing’ efforts to help small businesses through coronavirus crisis By Lucy White For The Daily Mail Published: 22:15 BST, 27 April 2020 | Updated: 22:15 BST, 27 April 2020 Lloyds Bank has come under fire for its ‘disappointing’ efforts to help small businesses through the coronavirus crisis. Though … Read more
It’s now easier to get a mortgage on a zero hours contract as HSBC becomes the latest lender to relax the rules for those not in full-time work HSBC relaxes its application rules for zero hours contract workers Applicants will now have to submit less evidence of income and tax paid Bank says this will help … Read more
Will Sainsbury’s bail out its own bank? Analysts warn bank is likely to lose money Sainsbury’s could be forced to ‘inject capital’ into Sainsbury’s Bank But supermarket is set to announce strong sales figures for the past two months By Ben Harrington For The Mail On Sunday Published: 22:21 BST, 25 April 2020 | Updated: … Read more
Bank of England probes how long banks can survive the lockdown as UK’s biggest lenders set aside £3.4bn to cover defaults on loans The results of the tests are expected to inform the Government’s strategy BoE said it will report on the health of the financial system in early May A separate investigation into the … Read more
The cost of living is likely to keep easing up as Britain’s economy falters, according to economists tracking the financial toll of the coronavirus pandemic. Inflation could fall to 0.5 per cent over the summer, Howard Archer, chief economist at the EY Item Club, claims. This is well below the Government’s 2 per cent target. … Read more
Emergency loan scheme has already lent £10.8bn to 35 of the biggest firms, says Bank of England chief By Ruth Sunderland for the Daily Mail Published: 23:13 BST, 21 April 2020 | Updated: 23:13 BST, 21 April 2020 A Bank of England scheme set up to help larger companies with emergency loans has already dispensed … Read more
The governor of the Bank of England today issues a stark warning that Britain should be cautious about lifting the coronavirus lockdown too early. In his first interview since taking the top job, Andrew Bailey told the Daily Mail that a premature end to the restrictions could cause a severe loss of confidence and inflict … Read more
The governor of the Bank of England today issues a stark warning that Britain should be cautious about lifting the coronavirus lockdown too early. In his first interview since taking the top job, Andrew Bailey told the Daily Mail that a premature end to the restrictions could cause a severe loss of confidence and inflict … Read more
Economy ‘will remain weak after lockdown is lifted’, warns Bank of England By Daily Mail City & Finance Reporter Published: 21:50 BST, 20 April 2020 | Updated: 21:50 BST, 20 April 2020 The Bank of England has cautioned that even if the Covid-19 lockdown is lifted the economy will remain weak. Deputy governor Ben Broadbent … Read more