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RBS have recorded a £1bn profit in the first half of 2010, making money again thanks to improving levels of bad debt and mortgage borrowers happy to remain on standard variable rates. Royal Bank of Scotland posted pre-tax profits of £1.14bn for the first half, up from just £315m for the same period last year. Read the rest…
Experts have warned that a legal loophole is leaving bank customers who use self-service paying-in machines at risk. The machines currently require customers to post cash using an envelope and do not issue receipts meaning there is no legal right to demand it back if the cash goes missing. Hundreds of people a year are Read the rest…
Lloyds, Britain’s biggest bank, is receiving over 2,000 complaints a day from angry customers, the bank recently admitted. Lloyds TSB, which is 43% owned by the taxpayer after the multi-billion-pound bailout to save it during the credit crunch, admitted in total they had received 300,000 complaints in the first six months of the year. Shockingly, Read the rest…
