A name has yet to be decided for the newly merged Lloyds TSB and HBOS. Yesterday, cybersquatters were have reported to have registered domain names of potential names for the merged business, including lloydshbos, hboslloyds, lloydsbos and lloydstsbhbos (the .coms of which were all registered yesterday).
I would have thought Lloyds BOS is a sensible name. [...]
Last week the government seemingly did a u-turn over the scrapping of the 10 pence rate of income tax, although it is far from clear what form the compensation will take for people on lower incomes who will lose out under the new tax regime.
It’s difficult to see how the government could have thought it [...]
It has emerged that customers in Northern Ireland who bank with the Nationwide building society, and who used cash machines belonging to Northern Bank, did not have the sums of money they withdrew debited from their accounts. The fault has existed since November, and 7,500 customers have been affected, withdrawing a total of £375,000 between [...]
My article on bank charges a few months ago prompted a few angry responses from people who claimed the current system of bank penalty charges is unfair.
Under the current system, people who go overdrawn – borrowing their bank’s money without permission – are charged fees. Some commentators have suggested that if these fees are [...]
For the first time, a bank has had its charges upheld in court. Since the Office of Fair Trading warned credit card providers last year that their penalty charges were excessive, causing all providers to cut fees to £12, people have been encouraged by numerous consumer groups to demand the refund of charges from bank [...]
Last weekend, one of the first cases of fraud involving “chip and pin” payment cards was reported to have forced Shell to suspend the system at its petrol stations.
A brief background to chip and pin: originally, all credit and debit cards carried information on a magnetic strip, and to make a payment, the cardholder had [...]
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