Banks received nearly £11billion more than they lent to firms last year – and imposed the highest interest rates for nearly three years.
British embassies in the eurozone have been told to draw up plans to help British expats through the collapse of the single currency, amid new fears for Italy and Spain.
The nation’s 10 biggest banks could stand to lose as much as $185 billion in deposits in the next year due to customer defections.
As other banks recoil from the customer wrath they faced after attempting to introduce debit card fees, TD Bank is rolling out a brand new fee and hiking others.
Popular Search Terms For This Article Are:The latest third-quarter earnings reports from this week confirm that banks are struggling to make money the old-fashioned way, by lending money to consumers and businesses. The main reason: interest rates are at historic lows. That makes it harder for banks to charge high rates on loans.
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