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P2P Lending Investment Returns Outstrip Many Market Competitors

By | 2018-10-17T13:31:39+00:00 October 17th, 2018|Banking, Personal Finance|

By Trevor Clawson. Peer to Peer (P2P) lending may be one of the newest kids on the investment block but according to new research from AltFi, it is paying out handsome returns. P2P lending arrived in the UK back in 2010 with the launch of Funding Circle. The idea was simple. In the wake of [...]

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Is something worse than 2008 around the corner?

By | 2018-10-16T08:14:23+00:00 October 16th, 2018|Banking, Business, Personal Finance|

By Mark Fairlie. In the latter part of 2008, financial markets around the world underwent the greatest level of upheaval and volatility since the Great Depression of the 1930s. Despite coming very close, according to some commentators, ATMs did, in the end, not stop dispensing cash and world trade did not collapse. In recent weeks, [...]

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Tesco Bank fined £16.4 million over 2016 cyber attack

By | 2018-10-02T08:42:44+00:00 October 2nd, 2018|Banking, Business, Personal Finance|

By Lauren Howells. Tesco Bank has been fined £16.4 million by the Financial Conduct Authority (FCA), following a “largely avoidable” cyber attack which took place in November 2016. The financial regulator said that the bank had failed to exercise due skill, care and diligence in protecting its current account holders against an attack. The cyber [...]

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Payment Fraud Costs Customers £500 But Are Banks Playing Fair?

By | 2018-09-26T13:34:07+00:00 September 26th, 2018|Banking, Personal Finance, Technology|

By Trevor Clawson. In the BBC television series Hustle, a gang of confidence tricksters are depicted as loveable rogues who target only the corrupt and greedy. “You can’t con an honest man,” was the mantra for the show. In reality, honest men and women are being conned every day by groups of criminals who are [...]

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Barclays Chair Under Fire for Claiming many PPI Claims are Fraudulent

By | 2018-09-25T09:12:04+00:00 September 25th, 2018|Banking, Personal Finance|

By Mark Fairlie. The PPI fraud that the banks perpetrated on British consumers over nearly three decades has turned into a fraud that millions of British consumers are now perpetrating on the banks with bogus claims, according to Barclays chairman, John MacFarlane, reports the Guardian. Seeming to suggest it was part of a wider government [...]

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Gordon Brown warns about upcoming financial crisis

By | 2018-09-14T07:52:07+00:00 September 14th, 2018|Banking, Economy|

By Mark Fairlie. Gordon Brown, the former Prime Minister told the BBC that the world isn’t ready to handle the next financial crisis. Mr. Brown suggested that economies around the world wouldn’t be able to manage the next big financial problem because of a breakdown in global co-cooperation. Because of this lack of international collaboration, [...]

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TSB chief Paul Pester to step down

By | 2018-09-04T11:09:04+00:00 September 4th, 2018|Banking|

By Mark Fairlie. Paul Pester has announced his resignation as the chief of TSB amidst backlash over the company’s IT crisis. The IT problem occurred in April of this year and resulted in thousands of customers having no access to their online banking services. This IT error lasted for several weeks after TSB’s attempt to [...]

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Has the Time Come to Scrap our Copper?

By | 2018-08-27T09:54:03+00:00 August 27th, 2018|Banking, Personal Finance|

Countries across Europe have scrapped the 1 and 2 euro cent coins. Should the UK follow suit and get rid of the 1p and 2p coins? As we move towards a cashless society surely they are obsolete? Or would getting rid of low-value coins push up inflation, making people worse off? By Mark Richards. Are [...]