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Marcus Bank cutting its easy-access rate to 0.7%

More misery for savers: Marcus Bank slashes its easy-access account rate to 0.7% – blaming ‘market conditions’ Marcus has continually cut its rate for its easy-access customers  The new rate of 0.7% – down from 1.05% – will come into effect on 12 October  NS&I also slashed its rates earlier this week  By Grace Gausden … Read more Marcus Bank cutting its easy-access rate to 0.7%

Venezuelan president’s Bank of England bullion bid goes back to court 

Venezuelan president’s bid to access £800m worth of gold stored in the Bank of England goes back to court By Matt Oliver For The Daily Mail Published: 21:51 BST, 24 September 2020 | Updated: 22:24 BST, 24 September 2020 Venezuelan president Nicolas Maduro’s attempt to access £800million worth of gold stored in the Bank of … Read more Venezuelan president’s Bank of England bullion bid goes back to court 

Bank failed to act over secret audio feed of its press conferences

Bank of England failed to act over secret early audio feed of its press conferences sold by private news firm By Lucy White For The Daily Mail Published: 21:57 BST, 23 September 2020 | Updated: 22:06 BST, 23 September 2020 The Bank of England has admitted to a string of failures which allowed a tech … Read more Bank failed to act over secret audio feed of its press conferences

Bank overdraft rates double from 12.34% to almost 27% in a year

Bank overdraft costs double in a year: Average rate has risen from 12.34% to almost 27% By Amelia Murray For The Daily Mail Published: 22:00 BST, 22 September 2020 | Updated: 22:52 BST, 22 September 2020 Borrowers are being charged more than double the rate for their overdrafts compared with this time last year. The … Read more Bank overdraft rates double from 12.34% to almost 27% in a year

NYC investment bank assistant fired after catching boss masturbating

Logan Williams claims she caught Chuck Hinckley (above), one of the managing directors at Marathon Capital, masturbating in a conference room at the firm’s New York City offices on July 23 A female administrative assistant at a New York investment bank has filed a lawsuit claiming she was fired after she complained about walking in … Read more NYC investment bank assistant fired after catching boss masturbating

Serial scammer, 33, who told widower, 72, she loved him before stealing £8,000 using his bank card 

A con artist who befriended a recently widowed pensioner and told ‘sob stories’ about being homeless has been jailed for 22 months.  Susan Geary, 33, mercilessly preyed on the lonely 72-year-old, texting him that she loved him, wanted to live with him and they had a ‘great and true love’.  The victim, diagnosed with Alzheimer’s … Read more Serial scammer, 33, who told widower, 72, she loved him before stealing £8,000 using his bank card 

British expats in Europe ‘will be stripped of UK bank accounts in weeks’ after post Brexit rules

Tens of thousands of British expats in Europe ‘will be stripped of their UK bank accounts and credit cards in weeks’ after government failed to negotiate post Brexit rules British expats in Europe risk having their UK bank accounts closed due to Brexit Banks including Lloyds and Barclays have starting giving notice to customers Post-Brexit … Read more British expats in Europe ‘will be stripped of UK bank accounts in weeks’ after post Brexit rules

Taxman set to get new powers over bank details

Taxman being given new powers to seize bank customers’ financial details without their consent By Helen Cahill, Financial Mail On Sunday Published: 21:50 BST, 19 September 2020 | Updated: 21:50 BST, 19 September 2020 The taxman is being given new powers to seize bank customers’ financial details without their consent.  New laws will allow the … Read more Taxman set to get new powers over bank details

Fund tech revolution, Bank chief tells Chancellor

By Andy Haldane, chair of the Industrial Strategy Council, and Sir Charlie Mayfield, chair of Be The Business  UK GDP had, by July, recovered around half of its Covid-related losses, rebounding further and faster than anyone expected. That’s the good news. The bad is that the economy remains 12 per cent smaller than at the start … Read more Fund tech revolution, Bank chief tells Chancellor