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Halifax News

  • Women saving more than men

    The latest Halifax Savings Barometer has revealed that although women have lower average earnings than men they are currently saving more. Female savers with Halifax have an average balance of 41% of gross annual earnings, nearly twice the 23% of … Read more »

  • Investors predict strong FTSE growth in 2013

    The latest Halifax Share Dealing Market Tracker has revealed that investors are split down the middle when it comes to predicting whether the UK economy will grow by more or less than 1% in 2013. However, a strong majority (63.9%) … Read more »

  • Lloyds earmarks £6.5bn for first-time buyers

    Lloyds Banking Group is supporting first-time buyers with a commitment to lend £6.5 billion in the year ahead to those taking their first step on to the property ladder. The bank expects to help around 60,000 people buy their first … Read more »

  • HBOS: eight charged with large-scale fraud

    Thames Valley Police has charged eight people following a large-scale investigation into offences originating from the Halifax Bank of Scotland branch in Reading, Berkshire. The charges follow an investigation carried out by the Force’s Economic Crime Unit, following a referral … Read more »

  • Santander and Halifax bottom out on customer satisfaction

    Santander and Halifax take the bottom two places in the latest Which? analysis of customer satisfaction, which covers 30 financial brands. The banks scored 46% and 48% respectively, well below the average score of 62%. Bank of Scotland (49%), Royal … Read more »

  • “Special advisers” to oversee FSA’s HBOS report

    The chairman of the Treasury Committee, Andrew Tyrie MP, has written to Financial Services Authority (FSA) chairman, Lord Turner, saying that the Committee will require the FSA to conduct a comprehensive assessment of the reasons for HBOS’s failure, and of … Read more »

  • FSA fines former HBOS director £500k

    The Financial Services Authority (FSA) has fined former HBOS director, Peter Cummings, £500,000 and banned him from holding any senior position in a UK bank, building society, investment or insurance firm. The fine is the highest imposed by the FSA … Read more »

  • Overseas bank charges “exorbitant”

    Some banks are charging exorbitant fees for overseas transactions with the details of their fees often hidden away on websites or undisclosed on statements. Which? is making the claim, having recently put the UK’s seven biggest banks and building societies … Read more »

  • Lloyds announces 1,000 job losses

    Days after making a commitment to its branch network and promising to keep the same number of branches for the next three years, Lloyds Banking Group says it is to make around 1,000 staff redundant, adding to the 28,000 job … Read more »

  • Halifax launches mobile banking app

    Halifax has responded to the increasing use of smartphones in the UK with the launch its Mobile Banking app for the most popular smartphone platforms. The new app enables customers to access and manage their money whilst on the move, … Read more »

  • Halifax launches Junior Stocks & Shares ISA

    Today Halifax has launched a new Junior Stocks & Shares ISA, which will enable customers to top up and value their investment online. The new ISA will seek to track the performance of the FTSE 100 Index, and requires a … Read more »

  • Lloyds’ credit rating threatened by management “upheavals”

    Moody’s has placed on review for possible downgrade the C- bank financial strength rating and A1 senior unsecured debt and deposit rating of Lloyds TSB. The A2 senior debt rating of Lloyds Banking Group, certain junior securities and related group … Read more »

  • Halifax on ISA facts and figures

    UK savers remain committed to their Individual Savings Accounts (ISAs), research from Halifax shows. Across the country, the average cash ISA balance currently stands at £8,505, or one-third of national average pre-tax annual earnings (£27,235). However, of the 30 regions … Read more »

  • Halifax launches savers’ prize draw

    Halifax has surprised the savings market with the launch of the Halifax Savers Prize Draw. The scheme offers the chance of monthly cash prizes of £100 up to £100,000 to those with balances of £5,000 or more across a range … Read more »

  • Halifax relaunched with community choir

    The Halifax brand shows signs of emerging from a difficult phase as Lloyds Banking Group launches a colleague-based advertising campaign with the tag “Halifax ‘the people who give you extra’”. The Halifax Community Choir made an appearance on yesterday’s X … Read more »

  • FSA to embark on HBOS report

    The Financial Services Authority (FSA) has plans to follow its long-awaited report into failures at the Royal Bank of Scotland (RBS) with a report into the near-collapse of HBOS. Failures at HBOS have so far resulted in an FSA enforcement … Read more »

  • Harpenden kids top savings table

    New research from the Halifax has revealed that children in Harpenden have the highest savings in the country, with an average of £3,046 compared to the national average of just £1,296. Greater London dominates the top 10 towns for children’s … Read more »

  • Lloyds to shed 15,000 jobs worldwide

    Lloyds Banking Group is to shed 15,000 jobs worldwide. The group intends to deliver £1.5 billion of annual savings by 2014 through “better end-to-end processes and IT platforms, a delayered management structure and simpler legal structure”. Cost savings should enable … Read more »

  • Halifax mortgagors to receive £500m in goodwill payments

    Lloyds Banking Group has reached a voluntary agreement with the Financial Services Authority regarding a customer contact programme for certain of its Halifax mortgage customers. The bank will be writing to borrowers who received a Halifax mortgage offer between 20th … Read more »