5 November 2009 Archive

FSA fines UBS £8m

Swiss bank UBS fined £8 million by FSA

The Financial Services Authority (FSA) has fined Swiss bank UBS £8 million after four rogue traders used customers' money for transactions without authorisation.

Bank of England pumps £25bn into economy

Bank of England extend quantitative easing to £200bn

The Bank of England has increased its quantitative easing scheme by £25 billion to £200 billion this afternoon after holding the monthly monetary policy committee (MPC) meeting.

Alliance & Leicester secures online banking

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Alliance & Leicester is providing its online banking customers with free software to guard against internet fraudsters.

Nationwide unveils new stepped bond

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Nationwide is tomorrow launching a new four-year bond which offers increasing rates of interest as the product progresses.

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