Nationwide say house prices fall 10.5% in a year

August 28, 2008

According to the latest survey from the Nationwide UK house prices have seen the first double digit fall in annual prices for the first time since 1990. House prices were 10.5% lower in August than they were the same time last ...

RBS and NatWest account details sold on eBay

August 28, 2008

Up to one million NatWest and Royal Bank of Scotland (RBS) customers personal bank account details have been found on a computer which was sold on eBay for £35. The computer was sole "inappropriately" sold by an employee at an Essex ...

Co-op to put mini-banks in 250 stores

August 26, 2008

The Co-operative group has announced plans to put mini banks in some of its convenience stores in a bid to encourage customers to use more services available from the group. Tesco, Sainsburys and Marks & Spencer have introduced similar strategies. Co-op ...

Mortgage rates are now at 2007 levels

August 23, 2008

According to research done by price comparison site Moneyfacts, mortgage rates are at the same levels they were in August 2007 when the credit crunch first started to hit. An average rate on a two-year fixed deal is now 6.59%, almost ...

Tesco rapped over food adverts

August 22, 2008

Tesco has been slammed by the Advertising Standards Agency (ASA) for adverts that used an "unfair" selection of goods to claim that a trolley of items at Tesco was significantly cheaper than Asda and Wm Morrison. The ASA ruled that Tesco ...

EBay cut fees in a bid to attract big retailers

August 21, 2008

EBay, the online auction site, has slashed its charges on items that have a fixed price. The site has alos been simplified. EBay are hoping to compete more aggressively with their main rival Amazon and to entice small businesses and ...

Alliance & Leicester chief David Bennett to get bonus

August 20, 2008

Alliance & Leicester (A&L) chief executive David Bennett is set to receive a bonus of up to £750,000 if he stays with the company when it is taken over by Santander. This is according to documents released to shareholders yesterday. Also ...

Marks & Spencer spark job cut fears as they slash redundancy terms

August 20, 2008

Marks & Spencer have announced plans to slash redundancy pay0outs by up to 25% for 70,000 of its UK staff. The retail giant is currently in talks with representatives over the plans, which would cut maximum payouts from 70 weeks to ...

Bradford & Bingley rights issue snubbed by shareholders

August 19, 2008

Bradford & Bingley revealed the full extent of its downfall as one of Britain's biggest backers of the buy-to-let property boom, as only a small number of investors backed a do-or-die refinancing package. Bradford & Bingley, the UK's largest buy-to-let mortgage ...

Nationwide looks to Ireland for new venture

August 19, 2008

The UK's biggest mortgage lender, the Nationwide building society are hoping to set up businesses in the Republic of Ireland. Nationwide are hoping to start next year by offering savings accounts to customers. These accounts will be operated online by post ...

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