The building societies and banks in the UK are letting customers down more, and more each year. They really are not able to dish out trust worthy advice on how to invest your hard earned cash. The result was part of an alarming survey conducted by Which? In fact it left reporters questioning if it [...]
April 20th, 2010 | Clare | 1 comment | ContinuedAll Posts Tagged With: "Banking"
Banks haven’t Improved since Financial Crisis
Eight out of ten consumers don’t believe banks have improved since the financial crisis. This revelation was one of several revealed at the Which? Banking Debate that took place in London February 4. More than 300 people attended the debate, which gave members of the public the unique opportunity to express opinions and [...]
February 7th, 2010 | Tony | 0 comments | Continued
Banking Commsions Future Evidence Sessions See Some Big Names
Which? Reports that several of the UK banking industry’s most influential people were confirmed to be witnesses at the Future of Banking Commission’s evidence sessions. Witnesses include Mervyn King, Bank of England Governor, Lord Myners, City Minister, and Lord Turner, Financial Services chairman. Members of the Future of Banking Commission include chairman Rt Hon David Davis MP, [...]
February 2nd, 2010 | Clare | 0 comments | Continued
Better Banking Campaign
MSP back Which? Britain Needs a Better Banking Campaign
Shirley-Ann Somerville a MSP for Lothian, who is a Parliamentary Liaison Officer to the Cabinet Secretary for Finance and Substantial Growth, has tabled a motion called S3M-5133. This action on her part was in support of the Which? Britain Needs Better Banks campaign. Her action also calls [...]
Consumer Credit Crunch Anger Continues
A recent Which? survey confirms that even after one year, consumers are still angry with banks over the financial sector bailouts and their role in the ‘credit crunch’.
In late September 2009 Which? surveyed adults throughout Great Britain and received astounding results. More than two thirds of those surveyed still harbour resentment towards banks for their [...]
Complaints Against Financial Institutions Soar
Financial firms are not providing the level of customer service necessary to succeed or keep customers in the tough economy. Phil Jones, campaigner on personal finance for Which? indicated that the finance industry needs to go through dramatic changes for the future.
Jones said that the number of unhappy customers is a “poor reflection” on the [...]
Bank Security Inconsistent
According to Which? Computing, it seems as if some of the largest banks in Britain have allowed customers’ online accounts to be vulnerable to fraud due to inadequate security.
Experts at Which? Computing say that some banks were found to have significantly weaker security measures to protect online accounts than their competitors. The security provided by [...]
Royal Bank of Scotland and Barclays Raided by Office of Fair Trading
According to an article in Edinburgh’s Evening News Barclays and the Royal Bank of Scotland are being investigated for anti-competitive behaviour which results in the head offices of both banks being raided by the OFT (Office of Fair Trading).
June 8th, 2008 | Tony | 0 comments | Continued
Instant Bank Transfers
Well nearly, from next week you will be able to tranfer money between bank accounts using a new system. Transfers will be nearly live taking up to two hours, which is a massive improvement over the two to three days that it currently takes. According to the OFT the banks made £30 million [...]
May 26th, 2008 | Tony | 0 comments | Continued
