Banking And Finance NEWS

Contactless card payments gain in popularity

The UK Cards Association reported on Friday that the amount consumers spend using contactless cards has trebled over the past year in the UK to GBP7.75bn, a rise of 233% compared to GBP2.32bn … Continue reading “Contactless card payments gain in popularity”


Auction of iconic James Bond Aston Martin expected to raise £1 million for charity

British luxury car maker Aston Martin is to auction a DB10 car created exclusively for the James Bond film Spectre, which is anticipated to make at least GBP1m for charity, it was reported … Continue reading “Auction of iconic James Bond Aston Martin expected to raise £1 million for charity”


UK Government waives VAT on NHS Choir’s Christmas charity single A Bridge Over You

Chancellor of the Exchequer, George Osborne, declared on Wednesday that UK health charities will benefit from the government’s donation of the equivalent to the UK VAT payable on domestic sales of A Bridge … Continue reading “UK Government waives VAT on NHS Choir’s Christmas charity single A Bridge Over You”


BBA data reveals continued strength in UK mortgage market

Trade association for the UK banking sector, the British Bankers’ Association (BBA), recently released figures for high street banking in November 2015, which show that gross mortgage borrowing in the UK amounted to … Continue reading “BBA data reveals continued strength in UK mortgage market”


Starbucks coffee chain pays £8 million in tax to UK government

Coffee house chain Starbucks UK has achieved a significant rise in its pre-tax profits in the year to September 2015 and has paid more than GBP8m in tax in the past 12 months, … Continue reading “Starbucks coffee chain pays £8 million in tax to UK government”


Bank of England launches MREL consultation

Britain’s central bank, the Bank of England, revealed on Friday that it intends to carry out a consultation on its approach to setting a minimum requirement for own funds and eligible liabilities (MREL) … Continue reading “Bank of England launches MREL consultation”


RBS and and Standard Chartered struggle to pass Bank of England stress test

Seven of the UK’s largest financial service providers banks have been advised to set aside extra capital as a buffer against financial shock, following the latest stress testing by Britain’s central bank, the Bank … Continue reading “RBS and and Standard Chartered struggle to pass Bank of England stress test”


City watchdog imposes £72 million penalty on Barclays

Financial services company Barclays has been fined GBP72m by the UK’s Financial Conduct Authority (FCA) in relation to a risky GBP1.88bn transaction. The banking regulator reported on Thursday that it has fined Barclays … Continue reading “City watchdog imposes £72 million penalty on Barclays”


Bank of Scotland prepares to help farmers if EU agricultural subsidy is delayed this winter

Financial services provider Bank of Scotland, part of Lloyds Banking Group, declared on Monday that it is ready to help farmers with cashflow issues if there is any delay in receiving Basic Payment Scheme (BPS) payments, … Continue reading “Bank of Scotland prepares to help farmers if EU agricultural subsidy is delayed this winter”


Trussell Trust’s ‘More than Food Programme’ rolls out across the UK to provide free financial advice

Foodbank charity the Trussell Trust has announced that it will roll out its ‘More than Food Programme’ to 30 foodbanks across the UK, offering financial triage, debt and money advice to people struggling with their money management, thanks … Continue reading “Trussell Trust’s ‘More than Food Programme’ rolls out across the UK to provide free financial advice”


Navigate Articles by Page ....

1 2 3 4 5 16