Watchdog wants to stop lazy bank customers losing interest


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Watchdog wants to stop lazy bank customers losing interest

Watchdog wants to stop lazy bank customers losing interest
The new City watchdog is looking at ways to nudge consumers to take better care of their finances, regulatory chief Martin Wheatley said yesterday, arguing they often fail to act in their own interests.
City AM London, p. 16

Bank’s profit and loss
Bank of America reported a surge in first-quarter profits to $2. 6 billion, boosted by higher revenues from wealth management, but the update undershot analysts’ forecasts and the shares fell more than 5 per cent.
The Times, p. 39
Also appeared in : City AM London, p.12, Daily Mail, p.72

IMF fears world is addicted to ultra-low rates
The International Monetary Fund (IMF) warned central banks yesterday that markets and businesses are becoming hooked on ultra-low interest rates and may react badly when the time comes to tighten monetary policy.
City AM London, p. 19
Also appeared in : Daily Mail, p.71

Deutsche loses heavyweight as Ivor Dunbar quits after 16 years
Ivor Dunbar, one of the so-called big beasts of the investment banking world, is leaving Deutsche Bank, it emerged yesterday.
City AM London, p. 16

Schroders poaches Jupiter star to replace departing Buxton
Schroders, the FTSE listed fund manager, has found the man to fill the shoes of departing fund heavyweight Richard Buxton – Jupiter’s income money manager Philip Matthews.
City AM London, p. 17

Bank of England mulls boosting Funding for Lending Scheme
Bank of England rate-setters mulled extending their flagship Funding for Lending Scheme (FLS) to give an extra boost to lending in their April meeting, minutes published yesterday revealed.
City AM London, p. 19

Accountants see red at watchdog’s latest plan for rules change
Mark Kleinman, the City editor of Sky News, reports on a row between accountants and the Financial Reporting Council.
City AM London, p. 13

High gas prices and Brits fleeing UK boosts Moneysupermarket
A combination of rising utility prices and the cold weather sending more Brits on holiday has buoyed MoneySupermarket, the price comparison website.
City AM London, p. 20

Sir Mervyn King has […]
The Governor of the Bank of England Sir Mervyn King has revived attempts to hold a farewell gathering with bank chief executives after The Times revealed that plans for a “patch-up lunch” had been abandoned because the group could not find a mutually convenient date.
The Times, p. 41

Goldman steps into the fray brandishing a rival cheque book
Goldman Sachs has secured the right to offer cheque books and credit cards to its wealthy customers after being granted a licence by the British regulator.
The Times, p. 43

The above articles appeared on 18/04/13 reproduced with the kind permission of Kantar Media UK. All rights reserved.

Charterbridge Private Financial Planning, Independent Financial Advice, Thornbury, Bristol.