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Archive for February, 2010
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Bank Complaints Surge
It seems that despite being saved by them, banks are continuing to fail their customers as the number of new complaints against the large banking groups increased significantly. The Financial Ombudsman Service (FOS) figures show Lloyds Banking Group as the most complained about, followed by Barclays and Royal Bank of Scotland. Lloyds received 20,190 complaints, [...] -
House Price Recovery Falters.
According to Nationwide’s House Price Index, UK house prices fell by 1% in February, bringing to a halt their 9 month run of increases. Nationwide’s chief economist, Martin Gahbauer, commented “There is evidence from a range of indicators that the market may have lost momentum in early 2010 as the stamp duty holiday ended and [...] -
Skipton & Chesham building societies to merge.
This week, Skipton Building Society announced plans to merge with the Chesham. The Skipton, who only completed their merger with Scarborough Building Society 11 months ago, hope the deal will be completed by June. While Chesham only add 3 branches to the new group of 92, the deal is subject to their members’ approval, and [...]
