Say goodbye to the Bank of England’s first governor as he disappears from the £50 note this April January 16, 2014 Sir John Houblon will be disappearing from the £50 note this April. From then on, you'll only be able to get £50 notes featuring Matthew Boulton and James Watt. The pair were responsible for accelerating the progress of manufacturing steam engines during the 18th and 19th centuries. Their famous Boulton & Watt engines were responsible [...]
Bank goes on hire spree December 10, 2013 TESCO Bank yesterday revealed it is hiring 300 staff in preparation for the launch of its current account next year. The retailer hopes to take on the bigger lenders with its nationwide brand, large branch network and convenience. However, it has yet to detail how the accounts will work as well as their pricing. The [...]
Problems with Natwest online banking? Here’s one way to get round it December 6, 2013 Natwest is having more trouble with its website this afternoon, and has blamed a cyber attack for the problems. If you're having problems accessing your account, this link may work for you. Here's the update it released this afternoon: Due to a surge in internet traffic deliberately directed at the NatWest website, customers experienced difficulties accessing [...]
RBS and Natwest apologise for payment chaos on Cyber Monday December 3, 2013 RBS and Natwest have apologised on social media service Twitter for the failure of the giant bank's payment system last night. Hundreds of thousands of customers couldn't make online purchases, as well as being unable to use physical debit and credit cards. We are very sorry for the issues that have affected customers tonight. — [...]
RBS and Natwest hit by new IT failures on Cyber Monday December 2, 2013 CUSTOMERS at RBS and NatWest were frozen out for at least four hours last night as the giant bank’s payment system crashed for the third time in 18 months, and on the busiest shopping day of the year so far. Hundreds of thousands of transactions were blocked by the fault yesterday evening, stopping customers making [...]
Blackwell confirmed as Sir Win’s replacement as Lloyds chairman December 2, 2013 LLOYDS Banking Group confirmed yesterday that Lord Blackwell, one of the bailed-out bank’s non-executive directors, will be promoted to chairman. Blackwell, a former consultant for McKinsey and the chairman of Lloyds unit Scottish Widows as well as FTSE 250-listed Interserve, will replace Sir Win Bischoff in April. He advised Margaret Thatcher’s government and served as [...]
Surrey begin against Glamorgan November 26, 2013 CRICKET: Surrey will begin the revamped Division Two County Championship season against Glamorgan at the Oval on 6 April. Counties will now earn five points for a draw instead of three and 67 per cent of matches will begin on a Sunday. The 50-over Royal London One-Day Cup replaces the YB40 competition, while the renamed [...]
Piggybanks back to hog children’s cash November 24, 2013 FOR all those mums and dads wanting their junior spenders to start hogging their cash, NatWest has a squeally good idea. The bank, which clearly has no desire to reinvent the wheel, is giving away a piggybank – now dubbed a Pigbybank – to young savers. And if something else is looking a bit familiar, [...]
First five star score for RBS and Natwest November 20, 2013 A SURVEY of financial wellbeing released today has given the first five star rating to a bank’s product since it began in 2010. Research by the Fairbanking Foundation, which looks at savings accounts, currents accounts, credit cards and personal loans, gave RBS and NatWest’s instant saver with savings goals a five star rating, the first awarded for [...]
Co-op launches board inquiry November 18, 2013 CO-OP bosses are looking for evidence of drug taking at the group’s banking arm, the group said yesterday, after evidence emerged of former chairman Reverend Paul Flowers taking drugs including cocaine, crystal meth and ketamine. The board will also look at whether it is still practical for local members to be elevated to the board [...]