banking
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Navigating the financial affairs of a loved one who has recently died can be a tricky and complicated. This process includes unraveling the fate of any bank accounts the person held, which depends on whether the accounts have joint owners, beneficiaries or neither. Understand the process for managing a deceased loved one’s bank account and…
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A business and economics expert Gurpreet Narwan has been taking a look at the unsurprising decision by the Bank of England to hold interest rates at 4.75%. She says what was “more striking” was the policy rift starting to emerge on the Bank’s Monetary Policy Committee, with six members voting to hold the rate and three voting…
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A sustainable pension or better banking may be a more effective way of cutting your carbon footprint than not flying. Triodos Bank, based in the Netherlands, recently announced a commitment to invest at least €500 million in nature-based solutions by the end of 2030. It is part of a growing sector of ‘green banks’ whose…
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NatWest is offering £180 to new and existing customers in the latest switch offer to enter the market. To qualify, you need to use the Current Account Switch Service, pay £1,250 into the new account and log into the mobile app within 60 days of moving accounts. If you have previously received a switch reward…
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If you have an HSBC credit card, you may be able to earn up to £150 in cashback on groceries, fuel and transport over the next three months – but you have just a few hours to opt in. It could be a great way of getting free money on purchases you are already making…
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A major lender has announced it will allow first-time buyers to borrow up to five-and-a-half times their income in a bid to help more people onto the property ladder. Lloyds says it has increased its max loan-to-income ratio from 4.49 as the situation is “tough right now” for first-time house hunters. It means buyers with…
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Barclays customers will stop receiving certain perks on their Blue Rewards accounts from Wednesday. The most noticeable being scrapped is the free £5 that pops into their accounts every month just for having at least two direct debits. All other product cash rewards for holding a Barclays mortgage, loan or life insurance are also going.…
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Monzo has been named the best bank in the UK for customer satisfaction, according to a major survey. More than 17,000 personal current account customers rated their bank on the quality of its services and how likely they would be to recommend to friends or family. Digital banks made up the top three, with Monzo…
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Nigeria’s leading commercial bank, Guarantee Trust Bank, has described as entirely false report of its website being seized by hackers. A top GTB executive, who is not authorized to speak, disclosed this to the media. The clarification comes amid a report that its website has been compromised by hackers and customers’ data intercepted in a…
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The two heavyweights of the payments industry, Visa and Mastercard, have agreed to settle a lawsuit brought but ATM users who accused the defendants of anti-competitive behavior by controlling fees charged by ATM networks. According to court papers, Visa and Mastercard have agreed to pay a combined $197 million to settle the case. Chase, Wells…
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Online reviews really do matter: They can boost a financial institution’s search rankings, extend its reach into new markets, capture constructive feedback, and sharpen your company’s competitive edge. Most bankers probably know that their industry’s reputation for customer service has been lagging. Some may even know that trust in digital-first banks is improving. But they…
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When will interest rates be cut? The Bank of England will announce its latest base rate decision on Thursday lunchtime – but no one is expecting a cut from the current 5.25%. It’s widely thought rates have reached their peak – they’ve been at their highest level for 16 years since August. But market forecasts…
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The Economic and Financial Crimes Commission (EFCC) has filed a fresh 26-count charge bordering on abuse of office & corruption against the immediate former governor of the Central Bank of Nigeria (CBN) Godwin Emefiele. Emefiele will be arraigned before Justice Rahman Oshodi of the Lagos High Court, Ikeja on Monday, April 8 on counts bordering…
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1. Fees and charges One of the most obvious and tangible aspects of banking services is how much they cost you. Fees and charges can include monthly maintenance fees, transaction fees, overdraft fees, ATM fees, foreign exchange fees, and more. Some banks may offer fee waivers or discounts if you meet certain conditions, such as…
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Good afternoon from MEZIESBLOG! Here is today’s summary from Nigerian Newspapers: 1. The international business research firm, Economist Intelligence Unit, has said that the Central Bank of Nigeria does not have the liquidity to support the naira as of now, saying only foreign borrowing can solve the currency issues. It stated this in its latest Country…
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A tyre workshop owner who handed more than $1 million in cheques to his Citibank relationship manager has sued the bank for not following his instructions on what to do with the money. In court papers obtained by The Straits Times, Yeo Choon Meng, 70, alleged that he wanted to put the money into fixed…
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