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News Tag: negotiations

March 16, 2010

Consumers to benefit from overdraft opt-out

by Kay Murchie
’Consumers
Consumer watchdog, the Office of Fair Trading (OFT), has today revealed UK banks may soon be offering customers the ability to opt out of unarranged overdraft facilities. Should the procedure be put in place, it would mean consumers would avoid hefty fees if they slipped into the red. The announcement comes as the OFT took legal action against banks regarding unauthorised overdraft ...




June 22, 2008

Lloyds TSB in negotiations to buy Dresdner Bank

by Kay Murchie
”Lloyds
Lloyds TSB is in discussions with insurance company Allianz to buy its Dresdner Bank unit. Lloyds is understood to have commenced work on a potential deal and has submitted an unbinding offer for the unit. Lloyds has come out of the global credit crisis relative unscathed and has a market value of £19 billion. When it emerged that Northern Rock ...