References in periodicals archive
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SIR Richard Branson's Virgin Money have asked an industry veteran to lead their push to become a high-street bank.
High-street bank machines don't charge for debit card withdrawals, so use these instead.
Metro Bank PLC was granted its licence by the Financial Services Authority in March 2010, becoming the first high-street bank to be granted one for over 150 years.
UK Finance said Isa cash deposits across the high-street banks saw a slight increase on the previous month to coincide with the end of the tax year.
The research found that consumers needing as little as PS100 could be charged over 12 times more by major high-street banks than the amount the Financial Conduct Authority (FCA) allows payday lenders to charge, when borrowing over the same period.
Today, the confidence helped high-street banks with Barclays up 59p at pounds 21.06, Lloyds TSB up 8p at 708p, and Royal Bank of Scotland ahead 24p at pounds 16.54.
Jo Barnett, marketing director at Virgin One, said the Taylor Nelson Sofres survey showed the big four high-street banks were 'suffering from a fall in public confidence'.
Looking at unarranged overdraft charges, the consumer group's research found that consumers needing as little as PS100 could be charged over 12 times more by major high-street banks than the amount the Financial Conduct Authority (FCA) allows payday lenders to charge when borrowing over the same period.
WHEN Ross and Julie Laird, from Edinburgh, wanted a savings account with a good return, they side-stepped the big high-street banks. Instead, company director Ross and whisky industry worker Julie, both 36, stashed their cash with Anglo Irish Bank.
BRITAIN'S top high-street banks were shamed in a Competition Commission report yesterday, after it emerged that Royal Bank of Scotland, Barclays, Lloyds TSB and HSBC have been overcharging small business customers and had formed a monopoly.
Communities Minister Jeff Cuthbert has targeted expansion of the credit union movement as an alternative to high-street banks and high-interest payday loan merchants.
MANY SMEs feel that large high-street banks are unwilling to lend to them.
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