Halifax/Bank of Scotland (Hbos) is revamping the way it charges interest on credit cards which will initially see price cuts for many but with the likelihood they will soar in future.
Inflation unexpectedly dropped last month, official figures show today, weakening the prospect of an imminent interest rate hike by policymakers at the Bank of England.
Households are facing the biggest peace-time squeeze in their spending power since 1921 as wages fail to keep up with soaring inflation, according to a new report.
British banks should ring-fence their retail businesses from investment banking operations to protect savers' deposits under proposals outlined by the Independent Commission on Banking (ICB) today.