Fear of more bank branch closures as lockdown lessens use of cash Nearly a third of consumers have stopped using cash since the initial lockdown Some 28% said they have stopped using cash machines altogether By Jeff Prestridge for The Mail on Sunday Published: 22:21 GMT, 2 January 2021 | Updated: 22:21 GMT, 2 January … Read more
So, when WILL we learn truth about bank chiefs? Another year and still no sign of key HBOS probe By Lucy White For The Daily Mail Published: 21:50 GMT, 31 December 2020 | Updated: 21:50 GMT, 31 December 2020 Five years after the City watchdog launched a probe into banking bosses following the near-collapse of … Read more
Thousands of people now depend on others to do their shopping, withdraw cash and pay bills on their behalf because of the pandemic. But this has put them at a greater risk of fraud. Last year, there were 29,180 concerns raised over financial abuse, according to NHS records. And if you hand your bank card … Read more
Armed police aim machine guns at suspect who entered bank ‘with fake firearm’ in dramatic arrest footage Police called to Park Royal after a man claimed he had a ‘suspicious device’ Armed forces were called to the street in west London at 2.36pm today Man detained by armed officers a few minutes away after he left … Read more
Bank of England chief economist Andy Haldane warns over ‘nasty’ inflation that could send debt costs spiralling out of control By Tom Witherow For The Daily Mail Published: 21:50 GMT, 23 December 2020 | Updated: 21:50 GMT, 23 December 2020 The Bank of England must have a ‘laser focus’ on inflation to stop Britain’s debt … Read more
Metro Bank sells off a third of its mortgage book to NatWest: What’s behind the move and how does it affect customers? The challenger bank has sold a third of its residential mortgages to NatWest Around 13,000 loans will be transferred across in the next 18 months Metro Bank says ‘nothing changes at the moment’ … Read more
Bank of England chief Andrew Bailey tried to remove his name from a damning report into a £237m savings scandal – as MPs call for a full inquiry Andrew Bailey ran the Financial Conduct Authority until March He was named and shamed in probe into watchdog’s handling of London Capital & Finance disaster Scandal saw … Read more
Bank of England spent £600,000 on remote-working technology with £375 for each employee to set up home offices during Covid pandemic Figures show bank reimbursed £598,000 to its 4,447-strong workforce Up to £375 set aside for each employee to cover cost of setting up a home office Figures were published following a Freedom of Information … Read more
Britain’s economic recovery is being held back by the Covid clampdown, Bank of England warns By Daily Mail City & Finance Reporter Published: 21:50 GMT, 17 December 2020 | Updated: 21:59 GMT, 17 December 2020 Tough restrictions kept in place after the November lockdowns are slowing Britain’s economic recovery, the Bank of England has warned. … Read more
Bank of England leaves rates at record low of 0.1% and holds off on buying more Government bonds as it awaits the outcome of Brexit talks All nine members of the Monetary Policy Committee voted to keep rates on hold The Bank also left its Government bond-buying programme unchanged The Bank has created £895bn of … Read more