Quantitative easing the UAE way
Posted by Cashzilla in banking on 03. Aug, 2009 | No Comments
Now here is a trick which I am sure Gordon Brown would have loved to have known about a few months ago.
According to Al Arabiya, “Two men were arrested in Abu Dhabi for swindling a large number of people with claims they possessed ‘magic powder’ that doubled bank notes“.
It seems that these 2 ‘magicians’ [...]
Angry enough to withdraw $190,000 in $20 notes from his bank
Posted by Girdfossil in banking on 25. Jul, 2009 | No Comments
Huzzah huzzah for artist Roger Griffith. Roger isn’t a poor man. He has a gallery in New York City. He has NZ $190,000 in Westpac Bank who he had been with for 25 years.
When Roger came to ask for mortgage for a $385,000 property in Mapua the bank refused. On top of his NZ $190,000 [...]
Maestro not good enough for Google Checkout
Posted by Girdfossil in banking, credit cards on 24. Jul, 2009 | No Comments
Google Checkout is a similar proposition to PayPal. You can use it to act as a middle man between your bank and the site you’re shopping at. Whereas many people use this as a handy way to pay without having to fish for their credit or debit cards there is also the handy security benefit [...]
Tories label bank charges as unfair
Posted by Cashzilla in banking, credit cards on 22. Jul, 2009 | No Comments
It seems pressure is increasing to overhaul bank charges throughout the UK, and the latest group to brand the charges as ‘unfair’ is actually the Tory party!
This call by a major political party came in a white paper on the subject of banking reform, not only criticised bank charges, but also stated they would force [...]
UK Interest rates go down, down, deeper and down
Posted by Cashzilla in banking on 05. Mar, 2009 | 1 Comment
What is going on around the financial world at the moment. I stop blogging for a year and the world’s economy and banking system collapses. Sheesh!
Here in the UK the interest rate has today gone done to yet another record low, a mere 0.5%! Though I doubt many of the banks (if any) [...]
Don’t let the bank use the postal strike as an excuse to take your money
Posted by Cashzilla in banking, credit cards on 15. Oct, 2007 | No Comments
Usually receiving emails from financial organisations are about as useful or welcome as a punch on the snout, however a recent one I received from Moneynet could prove a worthwhile reminder.
“There is nothing more annoying than being penalised by your credit card company for paying your bill a couple of days late but millions [...]
Bank of England rate has risen yet again
Posted by Cashzilla in banking on 14. May, 2007 | 2 Comments
It was inevitable. The UK Bank of England rate has risen yet again, now reaching 5.5%. After years of continuously rising house prices, and the base rate remaining static, this is now the fourth rise since September, with some analysts predicting rates will probably rise yet again in the near future to reach [...]
Great news for consumers on unfair bank charges
Posted by Cashzilla in banking on 23. Mar, 2007 | 2 Comments
According to a recent Which? survey reported by the BBC, “Most people who try to reclaim bank account penalty charges get some money back”.
The Which? survey found that 85% of consumers who demanded a [...]
UK personal borrowing now almost twice that of other western European countries
Posted by Cashzilla in banking on 27. Sep, 2006 | 1 Comment
According to the latest research by Datamonitor, people in the UK are borrowing on average almost twice that of citizens in other western European countries. It should also be noted that these figures are also only for unsecured loans, and therefore do not include borrowing such as mortgages, in which the UK is notorious [...]
Child Trust Funds – would you trust your 18 year old with eighteen years’ worth of savings…..
Posted by Cashzilla in banking on 27. May, 2005 | 1 Comment
Child Trust Funds (CTFs) – the low-down…
“Child Trust Funds are long-term tax-free savings and investment accounts into which the Government will pay ‘endowments’ when a child is born. A further payment of an undisclosed amount will also be paid at the age of seven. This means that each child born on or after [...]
