Barclaycard customers facing credit limit cuts handed more confusion

Barclaycard customers who have had their credit limits cut by as much as 95 per cent have faced yet more confusion, after wrongly being told new limits were based on their average balances over the last two years. Several customers, many of whom have had perfect payment histories, told This is Money they were informed … Read more

Credit Suisse’s departing chairman issues a rare apology

Credit Suisse’s departing chairman issues a rare apology as he signs off at the scandal-stricken bank By Lucy White For The Daily Mail Published: 21:51 BST, 30 April 2021 | Updated: 21:51 BST, 30 April 2021 Credit Suisse’s departing chairman issued a rare apology as he signed off at the scandal-stricken bank.  Urs Rohner, who … Read more

JC Flowers and Bain Capital Credit take stake in the Co-operative Bank

US private equity giants JC Flowers and Bain Capital become major shareholders in the Co-operative Bank By Daily Mail City & Finance Reporter Published: 22:01 BST, 28 April 2021 | Updated: 22:48 BST, 28 April 2021 US private equity giants JC Flowers and Bain Capital Credit have become shareholders in the Co-operative Bank Two US private … Read more

Energy providers owe 13m homes £1.8bn in credit balances

Energy suppliers owe roughly 13million households a total of £1.8billion in credit balances, new research has revealed. More than one million bill-payers are due more than £300, according to data from Uswitch, at a time when some may be facing financial hardship. It found that coming out of winter, 45 per cent of all households … Read more

Borrowers applying for new 95% mortgages will need faultless credit

Borrowers applying for new 95% mortgages will need ‘squeaky clean’ credit histories, brokers warn By Fiona Parker For The Daily Mail Published: 22:00 BST, 27 April 2021 | Updated: 23:34 BST, 27 April 2021 Borrowers applying for a raft of new 95 per cent mortgages will need ‘squeaky clean’ credit histories, brokers warn. Dozens of … Read more

Credit Suisse revolt to remove risk chief, 53,after Archegoes and Greensill scandals 

Andreas Gottschling, a 53-year-old German with a $1million salary — has come under fire after the Swiss bank’s clients lost billions when two big businesses collapsed The German boss at Credit Suisse in charge of risk at the troubled bank could be forced out as major shareholders revolted over two scandals that have cost clients … Read more

Taylor Swift’s boyfriend Joe Alwyn is a Grammy winner after a retroactive credit on Folklore

Taylor Swift’s boyfriend Joe Alwyn is now a Grammy winner… after a retroactive writing and producing credit on her Folklore album By Dan Heching For Dailymail.com Published: 02:08 BST, 25 April 2021 | Updated: 02:08 BST, 25 April 2021 They’ve been in a starry relationship since 2016.  And now eagle-eyed fans of Taylor Swift have … Read more

BEN WILKINSON: Barclaycard’s sweeping credit cuts may cost it dearly

Pushed to the limit: Barclaycard’s sweeping credit cuts may cost it dearly, says BEN WILKINSON By Ben Wilkinson for the Daily Mail Published: 22:00 BST, 20 April 2021 | Updated: 22:00 BST, 20 April 2021 Surely credit card firms want us to spend? You’d think they would be licking their lips in anticipation after economists … Read more