HM Treasury – How Banking Has Been Made Easier

HM Treasury – How Banking Has Been Made Easier Working with the banking industry we’re improving how you bank. Here’s how: 1. You can now switch your current account in 7 days.
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HSBC suffers investor revolt over pay

Some 11% of shareholders rebel against pay scheme, which includes £2m bonus for chief executive Stuart GulliverHSBC suffered an embarrassing 11% shareholder rebellion against its executive pay report on Friday.Douglas Flint, chairman of the bank, said just 89% of investors voting ahead of its annual meeting supported its pay scheme, which handed chief executive Stuart […]
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Scottish independence could threaten thousands of banking jobs

Finance and banking jobs in Scotland would be at risk if major firms opt to pursue larger markets in England, warns TreasuryThe Treasury has claimed that thousands of Scottish banking and finance jobs could shift to England after independence because major Scottish finance firms would want to chase much larger markets in England.The warning from […]
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Wrong sort code meant £3,000 went into a stranger’s account

My father accidentally transferred cash into someone else’s bank account. How can we get it back?In January my father tried to transfer £3,000 into my Co-operative Bank savings account from HSBC using telephone banking. Unfortunately, he used the correct account number, but the wrong sort code at the Co-op. Ever since, he has been jumping […]
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New Co-operative Group head endures rocky start at annual general meeting

Euan Sutherland makes short address to delegates in Manchester – but no sign of departing head Peter MarksThe new chief executive of the Co-operative Group endured a tense annual general meeting on Saturday, as he faced questions over the group’s beleaguered bank.Around 250 delegates from across the country filed into New Century House to meet […]
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