Banks must ringfence savers deposits by 2019
New recommendations introduced by the banking committee are set to ensure that savers deposits are ring fenced, effectively separating the investment and retail arms of the banks. This follows in the wake of the banking crisis where the tax payer ended up bailing out several of the banks. That’s eight years to prepare and almost [...]
Bank charges and cheques
Sometimes you open your bank statement and you get a nasty shock. Not only has the cheque you wrote for the last utility bill bounced, but your bank has charged you for the privilege. And it’s not the first time it’s happened, so your previously spotless credit rating could be in danger. When cheques bounce [...]
