Category : Banking


FCA Warns of Risks in Second Charge Mortgage Market

The Financial Conduct Authority has identified significant weaknesses in the second charge mortgage sector, warning that vulnerable borrowers face heightened risks of financial harm due to poor affordability assessments and unclear fees.

Sir Ronnie Hampel: ICI Chief Who Shaped Zeneca

Sir Ronnie Hampel, the former ICI chairman who oversaw the creation of Zeneca and influenced corporate governance, has died aged 93. His career spanned decades at the heart of British industry.

RBA May Hike Rates Twice by May, Economists Predict

Westpac and NAB forecast the Reserve Bank of Australia will raise interest rates in both March and May, potentially pushing the cash rate to 4.35%. This could add over $180 monthly to a $600,000 mortgage, amid inflation concerns driven by oil price spikes

Nationwide Raises ISA and Savings Rates as House Prices Climb

Nationwide Building Society has increased interest rates on ISAs and savings accounts, introducing new products while withdrawing older ones. This comes as UK house prices reach a new high, with experts warning of potential impacts from geopolitical tensi

Eamonn Hughes: Banking Visionary and Mentor

Eamonn Hughes, a respected banking analyst and former head of research at Goodbody Stockbrokers, has passed away at 58. Known for his sharp insights and mentorship, he leaves a lasting legacy in Ireland's financial sector.

Monzo Criticised for Humiliating Year-End Reviews

Digital bank Monzo is under fire for its Year in Monzo service, accused of using customer data to generate mocking and judgmental spending summaries, with one user escalating a complaint to the financial ombudsman.

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