Cashzilla

The Bank of England has announced that a new £50 note will be released on the 2nd November. The design was revealed in 2009 and features two promenent figures from the textiles industry – entrepreneur Matthew Boulton and engineer James Watt. It will be the first time ever that two portraits will feature on the [...]

In these times of bare cupboards and moths living in your wallet, here are some simple money saving tips so you’ll hopefully avoid catastrophe.

Ok so we all thought our money was safe in the bank . . .until they gave it away to people who couldn’t afford their loan repayments and crashed the whole financial system. So how about trusting our money with internet giant Google?

Kweku Adoboli was arrested and charged with fraud and false accounting on Friday. He will remain in custody until his hearing on Thursday.

So the recommendations in the Independent Commission on Banking (ICB) report are to be introduced by 2019, and the headlines have been dominated by the plan to break up the banks.

The Independent Commission on Banking (ICB) has recommended that banks ‘ringfence’ their retail operations from their riskier investment arms, it has emerged today. The recommendations aren’t as extreme as some expected – Business Secretary Vince Cable wanted the banks to completely split into their investment and retail operations into two completely different entities – but [...]

It is believed that more than 30,000 home owners across the UK could find themselves struggling to make ends meet if interest rates rise from the current low of 0.5%. So in a bid to recognise such ‘high-risk’ customers, two taxpayer owned banks have admitted they are carrying out secret credit checks on customers, a move which has understandably been met with some trepidation.

So the recession apparently ended 2 years ago but with all depressing news stories about costs increasing and people struggling to pay their bills, it’s clear that the economy is a long way from being stable. Could the solution lie in a rap video?

40% of households have seen their finances take a dip in the last month, according to financial information company Markit. In a study of 1500 adults, Markit used the Household Finances Index (HFI) to determine the state of the country’s personal finances. They have found that debt levels have gone up in a large proportion [...]

The President of the United States, Barack Obama, has attempted to calm investors and the people of America.  After the US’s credit rating was downgraded from AAA to AA+ on Friday, there has been widespread panic over whether the US can tackle its chronic debt problem.