News

Spanish bank says it has no "current plans "to float its UK arm

Julian Knight: Global action needed as Europe loses grip on crisis

As withdrawals from Continental banks leap, the trouble could spill over to the UK, cutting the availability of loans and mortgages

Spanish worries should not spread to Santander

Spanish-owned Santander has faced questions about its financial safety this week as the euro crisis deepened, causing rating agency Moody’s to downgrade 16 Spanish banks, including Santander UK.

After falling by 28 per cent, Bankia shares rose by 26 per cent yesterday

Spectre of bailout looms as banking turbulence goes on

Another big swing in share prices shows the uncertainty is far from over, with some fearing Spain could go the way of Ireland

Halifax's Three-year ISA Saver Fixed earns 4.25% gross AER, permits transfers and requires a minimum balance of £500

Deadline looms for ISA allowances

Savers are now on the home stretch with the 5 April end of tax year deadline less than a fortnight away. After that date this year's tax-free individual savings account (ISA) allowance is lost for good.

Five Questions About: Spending Easter abroad

Where's the cheapest place to get cash?

Money Insider: Repaying fixed-rate mortgages can be pricey

Choosing the right home loan isn't always a straightforward process. We all have different circumstances so it's never going be a case of one type of mortgage fits all. Most of us who opt for a discounted or fixed-rate mortgage will naturally focus on the interest rate and fee as we look to keep the upfront costs and monthly repayments to a minimum.

Santander UK boss pockets £4.1m despite PPI charge

Ana Botin, the chief executive of Santander UK, was paid £4.1m last year, despite the bank's profits plunging by 40 per cent after it was hit by a £500m charge for mis-selling payment protection insurance (PPI).

Money Insider: Act quickly as mortgage tide may be turning

Is the tide starting to turn in the mortgage market? You've probably already heard the outcry following the decision by Halifax, Clydesdale Bank, Yorkshire Bank and Bank of Ireland to increase the standard variable rate on their mortgages. It's too early to say if this is just the tip of the iceberg with other lenders soon to follow suit, but even though base rate remains at 0.5 per cent, where it has held fast for three years, it does seem that the ultra-low mortgage era that many have been enjoying may be coming to an end.

Money Insider: Switching to 123 can offer more than just a short-term deal

It's become common practice for banks to offer financial incentives as they desperately try to encourage customers to join them and kick their current provider in to touch. Up to now, switching initiatives have fallen into a number of categories. These include upfront cash hand outs, short-term promotional credit interest rates, limited-interest free overdrafts or access to exclusive products in a bid to win new current accounts.

The banking giant reported a better-than-expected increase in profits today

Barclays tops PPI complaints list

Barclays was the most complained-about bank in the last six months of 2011, according to the financial ombudsman, with nearly 12,000 cases brought by consumers.

Money Insider: Fast movers can get a transfer to Nottingham

The steady stream of new ISA accounts just keeps coming, and there have been a couple of particularly attractive products launched this week. Nottingham Building Society has taken over the top spot in the two-year fixed-rate ISA best buys with a new account paying 3.65 per cent tax-free with the rate fixed until 31 March 2014.

Santander UK fined £1.5m by the City watchdog

The City watchdog has fined Santander UK £1.5m for failing to make it clear to investors who bought its structured investment products whether they were covered by the Financial Services Compensation Scheme.

Santander UK is fined £1.5m by City watchdog

The City watchdog has fined Santander UK £1.5m for failing to make it clear to investors who bought its structured investment products whether they were covered by the Financial Services Compensation Scheme.

Santander’s move may be followed by other banks

Santander fined over limited cover

Santander has been fined £1.5 million for failing to make clear to customers that some of its products had only limited cover under a compensation scheme.

Bank lending falls despite 'Project Merlin' agreement

Lending by Britain's top five banks shrank every quarter last year, official figures revealed today, in an embarrassing blow to the Chancellor's Project Merlin agreement.

Career Services

Day In a Page

Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
3.	Provence 6 nights B&B by train from £599pp
Prices correct as of 20 February 2015
Syrian conflict is the world's first 'climate change war', say scientists, but it won't be the last one

Climate change key in Syrian conflict

And it will trigger more war in future
How I outwitted the Gestapo

How I outwitted the Gestapo

My life as a Jew in wartime Berlin
The nation's favourite animal revealed

The nation's favourite animal revealed

Women like cuddly creatures whilst men like creepy-crawlies
Is this the way to get young people to vote?

Getting young people to vote

From #VOTESELFISH to Bite the Ballot
Poldark star Heida Reed: 'I don't think a single bodice gets ripped'

Poldark star Heida Reed

'I don't think a single bodice gets ripped'
The difference between America and Israel? There isn’t one

The difference between America and Israel? There isn’t one

Netanyahu knows he can get away with anything in America, says Robert Fisk
Families clubbing together to build their own affordable accommodation

Do It Yourself approach to securing a new house

Community land trusts marking a new trend for taking the initiative away from developers
Head of WWF UK: We didn’t send Cameron to the Arctic to see green ideas freeze

David Nussbaum: We didn’t send Cameron to the Arctic to see green ideas freeze

The head of WWF UK remains sanguine despite the Government’s failure to live up to its pledges on the environment
Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Set in a mythologised 5th-century Britain, ‘The Buried Giant’ is a strange beast
With money, corruption and drugs, this monk fears Buddhism in Thailand is a ‘poisoned fruit’

Money, corruption and drugs

The monk who fears Buddhism in Thailand is a ‘poisoned fruit’
America's first slavery museum established at Django Unchained plantation - 150 years after slavery outlawed

150 years after it was outlawed...

... America's first slavery museum is established in Louisiana
Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

The first 'American Idol' winner on how she manages to remain her own woman – Jane Austen fascination and all
Tony Oursler on exploring our uneasy relationship with technology with his new show

You won't believe your eyes

Tony Oursler's new show explores our uneasy relationship with technology. He's one of a growing number of artists with that preoccupation
Ian Herbert: Peter Moores must go. He should never have been brought back to fail again

Moores must go. He should never have been brought back to fail again

The England coach leaves players to find solutions - which makes you wonder where he adds value, says Ian Herbert
War with Isis: Fears that the looming battle for Mosul will unleash 'a million refugees'

The battle for Mosul will unleash 'a million refugees'

Aid agencies prepare for vast exodus following planned Iraqi offensive against the Isis-held city, reports Patrick Cockburn