The Treasury Committee has called on the government to take more action to improve the flow of credit in a bid to boost the economy. A publication from the committee has highlighted restricted bank lending as the “single most critical…

HSBC has provided 3,500 customers with debt help by reuniting them with over £5.5 million in forgotten savings lying in dormant accounts. The bank launched a campaign in September 2008 to track down holders of accounts that had lain untouched…

Real-time fraud monitoring technology is an effective way of helping borrowers avoid credit card debt being accrued in their name without their knowledge, it has been stated. Tim Pie, a spokesperson for HSBC, has claimed that the bank’s chosen method…

Inflation has fallen further, new figures from the Office for National Statistics (ONS) have shown. The ONS revealed that consumer prices index inflation dropped to 3.1 per cent in December, which was down from 4.1 per cent in November. This…

The government support package for banks unveiled yesterday can help the financial institutions to free themselves of “toxic” debts, it has been stated. Ben Read, a managing economist at the centre for economics and business research, explained how the government’s…

A package of support aimed at providing banks with debt help and boosting confidence in the financial services industry has been hailed by bodies representing the mortgage and housing sectors. Director general of the Council of Mortgage Lenders Michael Coogan…

Lloyds TSB and its subsidiary Cheltenham & Gloucester have announced a reduction in their mortgage rates following the Bank of England’s recent base rate cut. From today, fixed rates will be reduced by up to 0.2 per cent, while a…

Interest on all new short-term loans taken out before the end of the month will be waived, one online pawnbroker has announced. According to Borro.com, the average loan term through the firm is three months, meaning the offer equates to…