Independent Financial News Network
Wednesday 10th of March 2010

Banking Times


Banking News

Banking Times is targeted at people within the banking profession, and persons who may have a lay interest in the banking industry.

The aim is to cover all relevant information and news relating to developments in the UK banking sector, and economic conditions within the UK and worldwide which may impact the UK banking system.

Website: Banking Times: Banking News

Latest Banking News Headlines:

  • Nationwide reports increasing number of savers
  • In February eight out of 10 consumers described themselves as either regular or occasional savers, a rise that may be due to the corresponding increase in consumer confidence.
    The last Nationwide Consumer Confidence Index saw a six [...]]]>

  • S&L profits increase by 118%
  • Total asset rose from Ksh11.5bn to Ksh.19.2bn, with operating expenses declining by 10%, year-on-year.
    Mortgage Division Director Caroline Kariuki, formerly MD of S&L, has cited a [...]]]>

  • Coventry and Stroud & Swindon confirm merger talks
  • In response to the speculation of the rumour mill, the Boards of the two societies have issued a statement confirming that discussions are taking place.
    However, a conclusion is not imminent, and a merger is by no [...]]]>

  • Nomura Asset Management appoints CIO
  • Namura, who assumes his post from 1 April, will be supported by newly appointed chief investment officers of Equities and Fixed Income.
    President and CEO of Nomura Asset Management Atsushi Yoshikawa has praised Namura’s experience [...]]]>

  • Elgar £20 banknotes to be withdrawn
  • The Elgar notes are presently being used alongside the new Adam Smith £20 note, and will remain legal tender up to and including 30 June.
    After that date, the Elgar £20 note will [...]]]>

  • RBS branch sale hit by funding gap
  • According to the newspaper, a problem has emerged because the loan books of the branches in question are being supported by the Bank of England, and a prospective buyer would need to be in a position [...]]]>

  • Virgin opts for monthly current account fee
  • The group’s chief executive, Jayne Gadhia, told the BBC that Virgin is focused on making sure its customers know what they’re paying for by charging up [...]]]>

  • Coventry and Stroud & Swindon in merger talks
  • Coventry is the UK’s third-largest society with a 48-strong branch network and over one million members.
    Stroud & Swindon ranks 10th having 22 branches across the South West, and a Gloucestershire-based customer contact centre.
    A tie-up between the two could create a society with [...]]]>

  • Offshore tax amnesty deadline draws close
  • The deadline for those completing a disclosure on paper passed on 31st January and HMRC expects online participants in the amnesty to pay all [...]]]>

  • Icelanders vote against Icesave compensation deal
  • The debt, which relates to the collapse of Landsbanki’s online savings brand, Icesave, equates to around €12,000 per Icelander.
    Results so far from a referendum on the compensation deal indicate that 93% of [...]]]>