Co-op Bank is putting itself up for sale after it confirmed it expects to report a "significant" loss for the year to December 31, though the bank today stressed that it's "business as usual" for its four million customers and that their money is safe.
One hundred thousand Norwich & Peterborough customers whose current accounts will be closed on 31 August can earn up to £200 switching to a different bank, MoneySavingExpert.com can reveal, after at least two banks agreed to offer a switching incentive lifeline.
Unarranged overdraft fees can cost bank customers up to seven and a half times more than borrowing from a payday loan company, new research shows. But there are steps you can take to avoid these sky-high charges.
Banks will be forced to make banking easier and fairer for millions of customers from later this year after receiving a "strict timetable" from the competition watchdog.
Bank switchers looking to take advantage of Halifax's £100 switching incentive will need to act fast after the company confirmed it will cut the introductory offer to £75 from 1 March.
About 100,000 current accounts held with building society brand Norwich & Peterborough (N&P) are set to close by 31 August because the brand itself will cease to exist. If you're affected by the closure you'll be contacted with details on how to switch elsewhere.
Fewer than 2% of the UK's 70 million active personal current accounts were switched in 2016, the latest figures show – and the overall number of switches fell slightly compared with 2015. If you're not happy with your bank you can pocket more than £100 by ditching and switching.
Banks should introduce options such as voice recognition technology and web chat facilities to help customers with mental health problems avoid sliding into debt, the Money and Mental Health Policy Institute has urged.
High street bank TSB has relaunched its free £125 offer for switching to its Classic Plus current account. Here's what you get and how it compares with other top-pick bank switch incentives.