Bonuses for bankers in the city are expected to reach the £7 billion mark this year echoing payouts similar to the pre-financial crisis. According to the Centre for Economics and Business Research (CEBR), bankers are set to receive billions in bonuses during 2010 but the total amount will be lower than last year's £7.3 billion. Research from the CEBR shows a weaker performa...

Lloyds Banking Group has been named as the bank or building society to have received the highest number of complaints from customers so far this year. With almost 290,000 complaints fired in the direction of Lloyds, from an overall figure in 2010 of over one million, the results released by the Financial Services Authority (FSA) won't have gone down too well with the financial giant. ...

The Bank of England has criticised the UK’s lenders for not passing on interest-rate savings to their customers. It has stated that lenders are still charging extra for loans and mortgages even though the Bank of England base rates remain at the record low of 0.5%. The study from the Bank of England found that people who are borrowing from lenders can now expect to pay 11% interest i...

Perhaps it should come as no big surprise to learn that the recent recession has had a huge impact on people’s finances and, in many instances, their attitudes towards spending and debt. For some, it has come as a much needed wake up call, with Mintel’s recently published report (Consumers’ Attitudes towards Debt) showing that 39% of us are now more careful about the way we spen...

Like many people in the UK you probably enjoy the benefits of having a free current account. However, Which? has just released results of research which suggest free current accounts are anything but. Which? looked at a number of factors, including the high overdraft charges, low credit interest rates and high fees on overseas spend...