With the advent of ways to transfer money online easily, and the addition of the Internet to nearly every cell phone, it is no wonder that many people now send money from their phones. However, the ability to send money online to friends and family from anywhere could be helping to increase the growth of [...]
According to new research carried out by financial group Moneyfacts, almost 50% of all current accounts offered to consumers provide no return on their money. The number of accounts paying no returns at all has risen from 19% recorded a year ago, to 49%. The new figures have also shown that current accounts paying 0.10% [...]
The Bank of England has today announced plans to inject a further £50billion through its quantitative easing programme – a process used to help stimulate the economy by putting more money into circulation. The new plans will increase total spendings to £175billion, exceeding the £150billion limit first set by the chancellor. The rate setters said [...]
A central regulatory body is on the cards to monitor the activities within the banking sector and the credit union movement in Barbados, the government has announced. Barbadian Minister of Economic Affairs, Trade, Industry and Commerce, David Estwick said that proposals to introduce a regulatory body had been given conditional approval from the cabinet and [...]
My brother had always insisted on using a debit card the entire time he went through high school and college. I never understood his obsession of avoiding a credit charge. Many times that we would go places and he couldn’t use the debit cards because the company only accepted credit charges. At times like this, [...]
Busy businesses searching for ways to maximise their profit margins and scale their businesses could find that the specialist services provided by international banking could be just the financial solution they’re looking for. Whether running an international business, planning extensive business travel or simply interested in the benefits of offshore banking, you could find that [...]