The Bank of England is expected to announce today that it is ready to embark on a programme of ‘ quantitative easing’.
A letter from Chancellor Alistair Darling, giving permission to the Bank to go ahead with the move, is likely to be published this morning.
The Bank’s monetary policy committee, which sets interest rates, decided […]
A staggering £2.3bn was pulled from bank deposit accounts in January, and a further £390m was withdrawn from building societies as the rates on savings plunged to an alltime low.
Meanwhile, a record £1bn was ploughed into corporate bond funds in the same month.
These are effectively IOUs issued by companies on which they pay interest.
But […]
The building society is therefore abandoning the strategy of completely free overseas card use that it has previously promoted.
It will start to pass on a 1% fee charged by Visa for transactions outside of Europe and associated countries, initially at a lower rate of 0.84% and at the full 1% from July.
Nationwide […]
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 […]
Boss Michael Grade effectively admitted that his vision to take ITV more upmarket had failed and that ‘feelgood’ entertainment will dominate its schedules in future.
He said programme budgets will be slashed by £135m over the next two years after the company announced a £2.7bn loss for last year. It follows a massive downturn in […]
If you are looking for the best auto insurance quotes in Michigan, here are a few things that will ease the process and guarantee that you get a good deal.
Safety and security features – when you purchase a car, make sure that you have the alarm system, anti-lock brakes, daytime running lights and any other […]
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: […]
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 […]
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, […]
Labour’s deputy leader caused consternation at the Treasury by declaring that the former Royal Bank of Scotland chief will not get the money even if he is entitled to it in law.
That was seen as a clear indication that the Government is ready to pass a special Act of Parliament to strip Sir Fred […]
© 2008 Daily Financial News