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One in four Britons would rather save than pay off debts, study says
A study from financial services firm Axa has found that more than one in four adults in the UK are still regularly saving instead of redirecting their funds to pay off unsecured debts.
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One in six UK pensioners still has mortgage
One in six UK pensioners are still paying off their mortgage, putting increased pressure on retirement income, according to a survey from Scottish Widows Bank.
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SII calls for application of eBay-type ratings to financial services
The Securities and Investment Institute has claimed that there is in a need in financial services for an eBay-type rating system that a customer or counterparty would supply after every transaction.
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Singapore nets investment from Credit Suisse
Credit Suisse has leased additional office space in Singapore to provide further training facilities and back office services for its operations in the Asia Pacific region.
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UK mortgage intermediaries uncertain over HIPs
The UK's Association of Mortgage Intermediaries has released the results of its survey on the impact of home information packs (HIPs), with most respondents uncertain about the precise implications of the changes.
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Citigroup promotes online banking in Peru
Citibank del Peru, the Citigroup-owned Peruvian bank, has launched multimedia kiosks in its branches in a bid to promote internet banking to customers.
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Citigroup to take a smaller stake in Chinese bank
Citigroup will accept a smaller stake in China's Guangdong Development Bank after failing to convince Beijing to allow the bank to take a 40% share, media reports have suggested.
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Credit Suisse announces new private banking chief for Americas region
Credit Suisse has appointed Anthony De Chellis as head of private banking in the Americas. In this newly created role, Mr De Chellis will lead the growth, development and coordination of the firm's private banking businesses in the Americas.
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First half profit up 35% at Anglo Irish Bank
Anglo Irish Bank has posted pre-tax interim profits of E375 million, 35% higher than the year-ago period, following strong growth across all divisions, the lender said.
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Lazard enjoys strong quarter in asset management
Asset management revenues at the boutique investment bank Lazard increased 16% to $124.4 million for the first quarter of 2006, a record first quarter figure, compared with $106.9 million for the first quarter of 2005.
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Card issuers making loyalty the big deal - report
Research suggests that credit card issuers have turned their backs on the chase for quantity in order to focus on quality when it comes to customer accounts.
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Citibank to offer Emirates Airlines airmiles on credit cards
Citibank has launched a campaign to encourage uptake of its credit card in the UAE by teaming up with Emirates Airlines to award customers with free flights.
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Concerns of imminent interest rate rises seal end for current fixed mortgage deals
UK lenders are retreating from the fixed rate mortgage front line in their droves as a result of fears that the Bank of England will soon increase the base rate.
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Icelandic bank unveils high profile signings for UK expansion
Kaupthing, the Icelandic wholesale bank, has revealed that it has recruited two City high flyers to grow its fledgling capital markets business in the UK.
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Majority of UK seniors use overdrafts - study
New research has discredited traditional believes that the young are more exposed to financial risk by revealing that two-thirds of over 50s use overdrafts to get by.
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