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UK banks approve fewest mortgages since April 2013


LONDON - British banks approved 35,667 mortgages for house purchase in December, the lowest number since April 2013, as the housing market continued to slow, the British Bankers' Association said on Tuesday.

UK banks face hefty credit card claims after pact with watchdog 1:38pm GMT

LONDON - Around two million Britons who may have been mis-sold insurance to cover events such as credit card fraud will be asked to vote for a scheme that could cost top high street banks hundreds of millions of pounds in compensation.

Post Office creates Money brand to bolster growth aims 9:15am GMT

LONDON - Britain's Post Office said it would bring all its financial services under one brand as part of plans to become one of the UK's biggest financial services providers by 2020, laying down a challenge to the country's incumbent banks.

Complaints over mis-sold loan insurance by British banks decline 7:27am GMT

LONDON - The number of complaints received by Britain's Financial Ombudsman Service about the mis-selling of loan insurance by banks and other financial services firms fell in the fourth quarter of 2014, the service said on Tuesday.


Eyeing May re-election, Cameron says voters "deserve" tax cuts 26 Jan 2015

LONDON - Prime Minister David Cameron said on Monday voters deserved to be rewarded with tax cuts "after years of sacrifice," pledging to reduce taxes if he won a general election in May.

Questions raised over Swiss franc retail trades 9:15am GMT

LONDON - Doubts grew on Monday about the validity of trades in the turmoil that followed this month's removal of the cap on the Swiss franc, with administrators of Alpari UK saying they were taking another look at the retail broker's trades.

Santander UK strikes deal for customers to bank at Post Offices 26 Jan 2015

LONDON - Santander UK has reached an agreement with Britain's Post Office that will enable its personal current account and business customers to bank at the Post Office's 11,000 outlets.

Silver surfers join UK mobile banking boom 26 Jan 2015

LONDON - Some British banks are seeing stronger growth in mobile and internet banking from customers in their 70s and 80s than younger generations, a study showed on Monday.


Energy supplier SSE to cut gas tariffs from April 30 26 Jan 2015

LONDON - SSE will reduce household gas prices by 4.1 percent on April 30, becoming the fifth of the UK's six big energy suppliers to cut consumer tariffs after a fall in wholesale costs.

BoE's Forbes hints rates may rise sooner than expected 26 Jan 2015

LONDON - British interest rates may rise sooner than many people expect if inflation rebounds strongly after its recent sharp fall, Bank of England rate-setter Kristin Forbes said in remarks published on Monday.


Swinging London's Centre Point to become luxury apartments

LONDON - Work has started on converting Centre Point, the towering 1960s office building at the east end of London's Oxford Street, into luxury apartments, developer Almacantar said on Monday.

UK pension funds launch 500 million pound infrastructure venture

LONDON - The Greater Manchester Pension Fund and London Pensions Fund Authority said they will jointly invest up to 500 million pounds in UK infrastructure projects.

RBS to refer rejected small firms to peer-to-peer lenders

LONDON - Britain's biggest lender to small businesses, Royal Bank of Scotland, will start steering its rejected corporate loan applicants to alternative finance providers from next week, it said on Thursday.

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