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Britain's banks have been forced to write off a record chunk of household debt in the past year in the latest sign that families are struggling to keep up their repayments. read more »
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US Treasury secretary Henry "Hank" Paulson has warned that America's largest banks need extra capital on top of the $70bn (£34.4bn) raised to date in order to prevent the credit crisis from worsening. read more »
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Shares in British banks have tumbled today in the wake of the Bear Stearns crisis amid mounting fears that their funding requirements leave few safe from the turmoil of the credit crunch. read more »
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Fed up with your bank's hidden fees and customer service? Before you make the often time-consuming switch to another institution, consider checking out BankSwitcher. The web app (in beta, of course) asks you to grab the financial data from your old bank in the popular Quicken or Microsoft Money formats, then upload it to BankSwitcher. The site generates a list of everything you'd want to do to keep your same set-up—automatic payments, transfers, bill pays, and the like—at your new financial digs. The site repeatedly assures users that it keeps secure servers and doesn't commit unnecessary information like passwords or account numbers to the hard drive, erasing them from memory after the list is generated. If that's good enough for you, it could help you get up and running with a new bank and saving yourself read more »
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The US Federal Reserve is examining the Nordic bank nationalisations of the 1990s as a possible interim solution to the US financial crisis. read more »
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Mortgages will become even more expensive despite the Bank of England cutting interest rates, home owners were warned yesterday. read more »
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Q3-FY09 Results Analyses of Indian Banks (Corporation Bank, Central Bank of India and Development Credit Bank) read more »
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At First Citizens Bank, they know full well that no two customer’s needs are alike. For 111 years, this bank has focused on the individual needs of their customers by providing sound financial advice according to the customers read more »
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