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(27 November 2009 – UK) British retail banks came out on top in a landmark legal case in the Supreme Court which may cause tens of thousands of consumers to lose frozen overdraft refund claims.
(26 November 2009 – UK) 43 percent state-owned Lloyds Banking Group is offering existing shareholders new stock at a heavily discounted price of 37 pence (A.77 cents) each in a bid to avoid taking part in the governments ‘toxic debt’ scheme.
(26 November 2009 – UK) Details of the secret loans to the Royal Bank of Scotland (RBS) and HBOS received from the Bank of England, have been revealed totalling £61.6 billion (A$111 billion), during the financial crisis.
(25 November 2009 – UK) European regulation forcing banks, which received government assistance during the global financial crisis, to sell assets has NAB watching the market ‘very closely’.
(25 November 2009 – UK) The future of the cheque book will soon be determined when the UK’s Payment Council convene on December 16th to vote whether to abolish cheques due to the terminal decline in consumer use.
(24 November 2009 – UK) The UK’s largest supermarket bank, Tesco Bank, has selected Fiserv and its Signature banking platform to provide the bank’s core banking solutions.
(20 November 2009 – UK) Britain’s Lloyds Banking Group plans to sell off 600 retail branches as part of an agreement to secure a STG17billion (A$30.72 billion) government capital injection.
(18 November 2009 – UK) A group arrested in April, that used a Trojan computer virus to steal £600,000 from British bank accounts, have been sentenced to 13 years in prison as authorities crack down on bank fraud.
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