This is set to drag savings accounts down even further over the coming weeks.
For savers looking to protect their cash their are some good rates out there, however, be warned some either require large deposits, have onerous withdrawal restrictions, are boosted by short-term bonuses and fall to negligible rates after the account has […]
The country’s 8.5m pensioners with savings have lost massively through the base rate collapsing from 5% in October to 0.5% yesterday.
Many of them rely on the income from their savings accounts for their day-to-day survival.
Last night, the country’s biggest pensioner group warned that yesterday’s cut would push a further 50,000 older people below the […]
Professor William Perraudin is chair of Finance at Imperial College Business School .
What is it with macroeconomists? You think you understand how the economy works and then they come up with some subtle new monetary operation called ‘quantitative easing’.
With interest rates rapidly approaching zero, central banks in many countries right now face […]
High Street banks could start charging customers to have accounts in a bid to recoup falling profits related to lower rates.
The Bank of England has cut rates from 5% to an all-time low of 1% since October and was expected to act again today. Banks make profits through their ‘interest rate margin’ - the […]
Some of the money would help the tens of thousands of elderly people who are forced to sell their houses to pay for residential care.
The call came in advance of a Government green paper which is expected to set out long-term reforms of the system.
But the Joseph Rowntree Foundation - which has led complaints […]
A predictive dialer is a computerized system that will automatically dial batches of telephone numbers and the agents assigned in the sales or other campaigns get connected to the clients. Predictive dialers are also known as auto dialers and they are widely used in the call centers.
Telemarketing organizations generally use predictive dialer systems making B2C […]
My opinion is that I would claim from the bus company who would then claim for their losses from the other driver.
I cannot understand how I am expected to claim damages from a driver who was not involved in an accident with my vehicle T.S., Dunfermline, Fife
Ian Crowder at AA insurance replies: […]
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 hardline stance follows a decision last Thursday by the Court of Appeal to dismiss the banks’ plea over a High Court verdict on the controversial account charges.
It was a victory for customers who have argued that the fines for accidentally slipping into the red were excessive and unfair.
But within moments of the ruling, […]
The pay cuts are expected to come from a shift to ’short working’ as businesses reduce the working week because of low demand.
The situation has echoes of the three-day week of the 1970s, which was triggered by power shortages linked to the miners’ strike.
The problems for the private sector are in stark contrast to […]
© 2008 Daily Financial News