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Daily Banking Industry News
Saturday 05th of July 2008
November 9, 2007

Clydesdales profits surge by 16%

by Richard Kilner

Story link: Clydesdales profits surge by 16%

Defying the credit crunch and the slowing of the economy, Clydesdale Bank’s profits have substantially grown, up 16% in the past year.
Compared with last year, the bank sold 20% more mortgages and saw a 25% increase in its business lending.
This is the latest stage in a turn around since more turbulent times. The bank’s owner, […]



June 27, 2007

Strong Growth in Offset Mortgage Market

by Gill Montia

Story link: Strong Growth in Offset Mortgage Market

According to Yorkshire Bank, four million borrowers in the UK could collectively save over £29 billion if they switched their mortgage, savings and current accounts to an offset mortgage.
The bank has estimated that four million people run their finances through one bank or building society, which could mean that they lose an average of £11,000 […]