Fears spread among UK bank's customers
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Hundreds of customers lined up to withdraw their savings from a British mortgage bank Saturday, ignoring government assurances that their money was safe despite the bank's request for an emergency loan.
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A customer of Lloyds TSB bank has complained to Britain's Information Commissioner arguing that data should not be transferred outside Europe without the consent of individual customers.
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By Rosemary Gallagher  GONE are the days when people visited their local bank or building society when they wanted a mortgage or savings account - and brand loyalty is becoming a thing of the past.
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Mobile phone operators face a new attack on their revenue in Europe after the UK telecoms regulator expressed concern about "extremely high" prices paid by consumers and business people for web surfing on their mobiles while abroad.
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The Bank of England provided emergency funding to mortgage lender Northern Rock PLC on Friday after the bank, citing the global credit squeeze triggered by the U.S. subprime mortgage crisis, said it was unable to line up short-term loans from other financial institutions. Even after the central bank issued a statement saying Northern Rock was solvent, slow moving lines of customers snaked through its doors to make withdrawals.
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The bank was hurt by a spike in consumer credit costs and the poor performance of an investment banking unit.
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Banking group HSBC says the number of people going insolvent in the UK is unlikely to ease for some time.
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The Bank of England warns of growing risks to the world's banking system as global financial markets expand.
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HSBC customers face chaos as a glitch leaves thousands unable to use its credit, internet and cash machine services.
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Business & money: Defeat for banks could wipe out Â£3.5bn of income as RBS blames OFT for customers' complaints
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Mortgage lender's shares plummet more than 20% after Bank of England intervention.
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Business confidence in the UK economy has been knocked by the recent market turmoil, a survey says.
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While Americans fear an epidemic of foreclosures, brought on by the subprime mortgage meltdown, Britain is already suffering one.
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The banking industry warns customers with online accounts to guard against a new wave of sophisticated cyber-fraud.
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Mortgage lender calls on Bank of England to provide emergency funding, in new sign that the credit crunch is squeezing UK banking.
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New research has found that Banks' online security is getting worse as they rush to offer services online.
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Consumers who have become used to writing checks in the expectation of having at least a couple of days to cover them with a deposit may soon be in for a rude awakening.