Latest UK & Offshore Investment, International Finance and Savings News



China overtakes Japan to become world’s second largest economy, figures show

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News - Banking
Written by Ray Clancy   
Monday, 16 August 2010 08:23
In a historic milestone, China has overtaken Japan in the second quarter of 2010 to become the world’s second biggest economy.
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UK bank account customers hit by most dangerous computer virus ever

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News - Banking
Written by Ray Clancy   
Thursday, 12 August 2010 09:39
Thousands of customers of a large UK bank have had their accounts emptied by what is being described as the most dangerous computer virus to date.
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Low interest rates tempting ISA savers to discard cash in favour of equities, it is claimed

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News - Banking
Written by Ray Clancy   
Monday, 09 August 2010 09:08
Interest rates at record lows are drawing ISA savers away from cash to equities as stocks and shares become more attractive, according to new research.
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Majority of investors and savers think UK base rate will rise by next year, poll shows

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News - Banking
Written by Ray Clancy   
Thursday, 05 August 2010 08:12

Some 67% of investors in the UK think base rates will rise by next year with some even pointing to 2% or higher next year.
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First new High Street bank in UK for over 100 years opens

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News - Banking
Written by Ray Clancy   
Friday, 30 July 2010 10:46

It is the first new High Street bank to be opened in the UK for more than 100 years and staff were all smiles yesterday when the first customers came through the doors of its new branch in Holborn, London.
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It costs more to borrow £5,000 or less, research shows

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News - Banking
Written by Ray Clancy   
Friday, 13 August 2010 08:24

Personal loan rates under £5,000 in the UK have reached a ten year high while loans over that figure are starting to fall, research reveals.

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Broad support for UK bank levy from financial services practioners, poll shows

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News - Banking
Written by Ray Clancy   
Wednesday, 11 August 2010 09:28
Seven out of ten financial services practioners in the UK support the new bank levy, a survey has found.
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Mixed views on what will happen to UK interest rates as they remain at record low

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News - Banking
Written by Ray Clancy   
Friday, 06 August 2010 10:28

There has been a mixed reaction to the decision by the Bank of England to hold interest rates at their record low level of 0.5% as concerns increase about inflation levels in the UK.

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European offshore banks see first net outflows for several years, survey shows

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News - Banking
Written by Ray Clancy   
Tuesday, 03 August 2010 10:45
Offshore private banks in Europe have experienced their first net outflows for several years as offshore financial centres feel the heat of increased regulatory scrutiny, according to a new survey.
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Asset managers voice concerns about the future of the UK as a focus for future expansion, survey shows

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News - Banking
Written by Ray Clancy   
Tuesday, 27 July 2010 10:03


There is growing concern about the UK as a place to do business as asset managers representing over £2 trillion of investment raise serious questions about the country as a focus for future expansion, a new survey shows.

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