A total 13.2 billion card payments were made at the end of 2017, compared to 13.1 billion cash payments, therefore overtaking the latter for the first time, according to the latest UK Payments Market report
NS&I has cut the savings limit on its one and three-year Guaranteed Growth Bonds and Guaranteed Income Bonds from £1m to £10,000, reported Hargreaves Lansdown
ING announced that it is expanding its money management platform Yolt to France and Italy, allowing its French and Italian customers to manage their personal finances with a “one-stop” overview of their accounts with most UK banks and other features; and more
The Financial Conduct Authority (FCA) has fined Canara Bank £896,100 and has imposed a restriction, preventing it from accepting deposits from new customers for 147 days
The FCA has announced new proposals that are designed to protect millions of consumers who use overdrafts and high-cost credit, giving them greater control over their finances and reduce their costs
Net lending for consumer credit was £1.8bn in April, a tremendous increase compared to the £0.4bn reported in March, according to the Bank of England’s (BoE) Money and Credit: April 2018 report
British expats acquiring buy-to-let (B2L) property in the UK are typically squandering £40,000 on unnecessary transaction costs, exchange and loan rates in the first five years, according to research from Thistle Finance and Mercury FX
Traditionally, it has been viewed that criminals target the vulnerable and elderly. However, Royal London personal finance specialist Helen Morrissey notes that this view is “evolving quickly”, with recent scams proving that no one is safe
PRIMIS Mortgage Network has revealed a new partnership with SmartSearch, enabling its brokers to conduct “the most comprehensive” anti-money laundering (AML) checks possible; and more
The FCA has published a decision notice, confirming that it has decided to ban Darren Lee Newton from working in any regulated activity in the financial services sector
Long-term property investment is set to deliver significant returns for landlords, despite recent regulatory and taxation changes, according to detailed analysis by Kent Reliance
A growing number of young people are being lured in illegal works as “money mules”, as Cifas revealed that there was a 27% increase in the number of 14-24 year olds being used during 2017