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News Tag: Yorkshire Bank

November 21, 2012

FSA warns banks over bonuses

by Jan Harris
FSA warns banks over bonuses
Banks have been warned by the financial watchdog that this year’s bonuses should reflect the recent scandals that have rocked the banking industry. According to The Financial Times, Andrew Bailey of the Financial Services Authority wrote to banks’ chief executives in October, saying that bonuses should be forfeited or reduced for those involved in payment protection insurance mis-selling and Libor rate rigging. ...




March 6, 2012

Debit card transactions declined by Yorkshire and Clydesdale

by Jan Harris
Debit card transactions declined by Yorkshire and Clydesdale
Customers of Clydesdale and Yorkshire Bank have been experiencing problems with debit cards being declined due to computer changes. The problem initially occurred while the banks, which are both part of the National Australia Bank (NAB), were transferring their systems operations to an external contractor on Sunday morning. Problems with some Mastercard debit transactions persisted until Monday morning. ...




February 7, 2012

Sale rumoured for Yorkshire and Clydesdale banks

by Jan Harris
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual standstill the performance of the ...




July 21, 2010

Error raises mortgage payments for Clydesdale and Yorkshire customers

by Gill Montia
”Error
Some Clydesdale and Yorkshire Bank customers are facing increased mortgage costs because of a systems error. According to reports, around 18,000 variable rate borrowers can expect their repayments to rise by between just few pounds and hundreds of pounds a month. However, for half of those affected the monthly penalty should be below £25. Clydesdale's retail director, Steve Reid, has apologised ...




August 17, 2009

One in sixteen better off from recession

by David Masters
”One
One in sixteen Brits are better off because of the recession, according to new research by Yorkshire Bank. In the north-east, more than one in five (21%) are financially stronger compared with before the recession. Lower interest rates have put more money into the pockets of mortgage payers, while decreased VAT has generated extra bargains on the high street. Many mortgage holders are ...




July 29, 2009

Clydesdale approves more mortgages

by David Masters
”Clydesdale
Clydesdale Bank has approved more mortgages in the past two months than it did this time last year. The bank approved 30% more home loans in May and June compared to the same period in 2008. This rise in approvals follows Clydesdale's pledge last week to release a further £1 billion of new lending to mortgage and business customers. Clydesdale, together with sister-bank Yorkshire, is one ...




July 14, 2009

North west worst hit by recession

by David Masters
North west worst hit by recession
Brits living in north west England have been hardest hit by the recession, new research has discovered. Seven in ten households in the north west have significantly changed their lifestyles since the recession. This is compared to a national average of 64%. Two thirds (66%) of those in the north west have reined in their spending and become more conscious of their outgoings, while ...




May 6, 2009

Yorkshire launches fee free mortgages

by David Masters
Yorkshire launches fee free mortgages
Yorkshire Bank yesterday launched a fee free mortgage offer for new customers. For a limited time, new customers signing up for a fixed-rate, offset or current account remortgage deal at the bank will have the £999 remortgage fee waived. Legal and valuation fees will also be waived for all new customers taking out a fixed or offset remortgage worth over £25,000. Mortgages available on the ...




September 9, 2008

Home owners dig deep for garden space

by Gill Montia
Home owners dig deep for garden space
That well-worn estate agents' phrase, "laid to lawn and flower beds" takes on a new meaning in the light of research from Yorkshire Bank. In its quarterly Homebuyers' Report, the bank has revealed that the average homeowner thinks a garden is worth over £9,000 in terms of the total price of a property. According to Yorkshire's head of retail, Gary Lumby, recent ...




September 4, 2008

New mortgage deals from Leeds, Yorkshire and Skipton

by Gill Montia
New mortgage deals from Leeds, Yorkshire and Skipton
Leeds Building Society is introducing a new range of fixed-rate mortgages. Rates start at 5.95% and a maximum loan-to-value (LTV) ratio of 90% can be accommodated in the offering of two and three-year fixed-rate home loans. No fees are applied to three-year fixed-rate deals and the building society is offering in-house legal services for remortgages, plus a free valuation ...