United Kingdom

Saving And Loans News Headlines

UBS set to charge wealthy for keeping euro savings

UBS , the world's biggest wealth manager, will impose a penalty charge on customers who park euros with the bank, one of the largest lenders to break what has been a taboo in finance as sub-zero interest rates bite.

Low UK rates probably hurt productivity, BoE's Haldane says

Ultra-low Bank of England interest rates since the financial crisis have probably taken a modest toll on productivity, but were a price worth paying to avoid higher unemployment, Bank of England chief economist Andy Haldane said on Monday.

FCA sets deadline for PPI mis-selling claims

Britain's financial watchdog has said consumers will have until August 29, 2019 to make a claim that they were mis-sold debt repayment insurance, setting a deadline for complaints about Britain's costliest financial services scandal.

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