Millions face hefty car insurance price rises and the cost of travel cover could double if firms are no longer able to take customers’ ages into account when assessing risk, insurers claim.
All other forms of insurance will also be hit by the ‘unintended consequences’ of the Government’s legislation, the Association of British Insurers said.
But […]
Simon Moon from This is Money replies: I put your question to First Direct, which has 1.2m customers who run their accounts by phone or online. It pointed to a possible risk from using a non-digital cordless phone when speaking to your bank.
>>Check your credit report online>>How to identify a bank ID fraud
First […]
Demands for fresh bailouts for financial giants HSBC and AIG sparked a rout in global stocks.
The bad news from both sides of the Atlantic pushed the FTSE down 204.26 points to 3625.83, the first time it has closed below 3,700 since April 2003, just after British and US troops invaded Iraq.
Investors switched into panic-selling […]
Savings deposits at Tesco Personal Finance, the grocer’s banking arm, have almost doubled in the past six months.
More accounts were opened in December of last year than the whole of 2007.
It has around 500,000 savings account holders.
Yesterday Tesco unveiled plans to recruit more than 200 finance workers in Edinburgh.
Tesco Personal Finance was set up […]
HSBC is following similar steps taken by Royal Bank of Scotland Halifax Bank of Scotland and Standard Chartered last year.
Despite the size of the offer, HSBC chairman, Stephen Green, has asserted that the bank is launching the rights issue from a position of strength.
He said: ‘We are well capitalised, liquid and […]
The Building Societies Association today said an additional 1.2m accounts - net of closures - were opened in 2008. It meant an extra £9.9bn was held by building societies at the end of 2008 than the start.
Building societies attracted £20bn in net receipts in the 16 months after September 2007 when Northern […]
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