As per the data provided by the BoE, people who are homeowners are clearing away their mortgage debts, instead of making any kind of savings with lower interest rates. From almost a decade, there has not been much of re-mortgaging.
The share of the bank, Standard Chartered is facing a downfall mainly because of the problem of euro zone. In addition to this, the market is also facing a downward phase and the FTSE has also been low.
The customers of the Ulster Bank that is a part of the Royal Bank of Scotland group that is RBS are very furious with a compensation offer that is worth 20 pounds for weeks of the disruption of banking.
The Financial Services Authority that is FSA is taking steps to clamp down the manner in which the packages of the bank accounts are sold to stop the customers from throwing away their very own money down the drain.
The representative of the government of the Britain who is in Ibiza had to say that the downfall that has come in the economy of Spain is becoming the reason a trouble for the young tourists of the UK who are visiting these islands.
The proposals of allowing the sovereign wealth funds to invest money in the private equity funds in the United States without even losing their status of tax-exemption status as far as giving any boost in the investment.