Barclays Bank current account customers have been made aware of some changes to the bank accounts, including an overdraft service and some new accounts.
The new overdraft service is called Personal Reserve and replaces the existing unauthorised overdraft facility. An annual fee of GBP22 provides access to an additional overdraft for up to five days. This can be used as a safety net for Barclays Bank customers who go over their normal limit, protecting them from additional bank charges.
In addition five new Barclays current accounts have been introduced, offering alternatives from free in credit accounts to annual fee accounts with extra services and interest free overdraft options. The choice provided for the customer is growing explained a Barclays spokesman.
82 percent of households in Britain are changing their behaviour in response to rising costs and future economic concerns say Legal and General.
With Summer holidays topical right now it is revealing to see that over a quarter of households have changed their holiday plans because of their uncertainty about the future. Lots of people have also cut down on how often they go out, with nearly 40 percent of people saying they now spend more time at home.
One of the biggest concerns from the Legal and General survey was the fact that about half the households spoken to are cutting back on food in order to manage their finances, with over a quarter of them also looking at selling possessions in order to manage. Lets hope the government sees the survey and does something about it, starting with fuel taxation, something that affects the cost of everything in the UK.
The German retail banking arm of Citibank, part of the Citigroup financial giant, saw the number of interested German parties drop to one when Commerzbank withdrew from the race.
There is interest from outside Germany still, but within the borders of the country only Deutsche Bank remains an interested party. A couple of other big European players are looking at Citibank in Germany with interest, with a move expected before the end of the month. It continues what has been a turbulent time in the German banking market as a number of organisations have changed hands recently.
With around 3.25 million customers the German Citibank is expecting offers in the region of EUR4 to EUR5 billion, especially as it runs profitably and is one of the leaders in consumer financing, generating handsome returns.
