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Watchdog Calls For Shake-up of Bank Accounts
LONDON (Reuters UK) - The consumer affairs watchdog called on Wednesday for a shake-up of the 8 billion pound market for personal bank accounts, saying existing arrangements were not working well for consumers. The Office of Fair Trading OFT said that much of banks' revenues...
Tags: Bank, Watchdog, Financial Services, Oft, Oukbs
News items 2008-07-16

Additional Resources

Free banking is a myth: charges on current accounts reach Pounds 8bn
Britain's biggest high street banks are making 8.3bn a year from customers' current accounts, exposing as a myth the notion of free banking, the Office of Fair Trading said yesterday. Publishing a review of the UK current accounts market, the OFT said that Britain's high street banks...
Articles 2008-07-17
No Evidence Breast Self-Exams Cut Cancer Deaths
Updated findings from an analysis of existing research continue to suggest that the oft-touted monthly breast self-exam may actually do more harm than good. There is no evidence that the practice actually decreases deaths from breast cancer while it may actually double the number of unnecessary biopsies in women who...
Articles 2008-07-16
Banks in pounds 2.5bn 'rip-off'
BANKING watchdogs will this week demand a better deal for customers. A damning review will this week reveal High Street banks are making a massive pounds 2.5billion a year from charging people who slip into the red. It is the first time...
Articles 2008-07-13
OFT fines Gallaher, Asda and four other firms Pounds 132m
Six companies including the supermarket group Asda and the tobacco giant Gallaher, are set to be fined up to 132.3m after admitting to the Office of Fair Trading OFT that they colluded on the pricing of cigarettes. The OFT allegations of "price co-ordination" were first made public...
Articles 2008-07-12
Firms fined for tobacco price-fixing: British watchdog
LONDON AFP — Six retailers and tobacco firms have agreed to pay combined fines of more than 130 million pounds after admitting "unlawful practices" relating to retail tobacco prices, the Office of Fair Trading said. Retailers Asda, Somerfield, First Quench, One Stop Stores formerly T and S Stores...
Articles 2008-07-11
Cubs make trade for Harden
CHICAGO -- The Chicago Cubs acquired pitcher Rich Harden from the Oakland Athletics in a six-player trade on Tuesday, a day after the rival Milwaukee Brewers landed CC Sabathia. The Cubs received the right-handed Harden and righty Chad Gaudin for pitcher Sean Gallagher, outfielders Matt Murton and...
Articles 2008-07-09
Main movers
AInforma 427.5p (up 49.25p, 13.02 per cent) Confirms 506p-per- share approach by Providence consortium. AAstraZeneca 2,233p (up 103p, 4.84 per cent) Summary judgment in Seroquel dispute. ATaylor Nelson Sofres 225p (up 5.5p, 2.51 per cent) WPP bid speculation; Takeover Panel sets 9 July deadline....
Articles 2008-07-03
Boston Properties set to re-name Citigroup
With Citigroup making quiet moves to dump a chunk of the 18 or so floors it occupies at the landmark midtown tower 153 East 53rd Street, the building's owner, Boston Properties, is planning to drop the tower's oft used name, Citigroup Center, in a bid to distance it from its...
Articles 2008-07-02
Kangaroo to be investigated by Competition Commission
Kangaroo, the video-on-demand tie-up between the three main terrestrial broadcasters, is to be investigated by the Competition Commission, casting doubt on the likelihood of the service going live this year as planned. The joint venture proposes a single place for viewers to access a vast archive of...
Articles 2008-07-01
Seven out of 10 buyers find fault with their homes
NEW BUILDS Some 70 per cent of people buying newly built homes experience problems with the property, according to a survey by the Office of Fair Trading OFT. Of these people, almost 20 per cent reported between 11 and 20 different problems, and 5...
Articles 2008-06-29
Noodles & Company Celebrates the Opening of Its First Crystal City, Virginia Location on July 1
Noodles & Company, the quick-casual,globally inspired noodle restaurant that serves a balanced menu of freshlysautéed Asian, Mediterranean and American cuisine, will open its firstCrystal City restaurant and 11th in Virginia on Tuesday, July 1 at 10:30a.m. The restaurant is located at 2011 Crystal Drive at 20th Street. As part of...
Articles 2008-06-27
WTF... abbreviation on car plates makes Americans blush
WASHINGTON AFP — OMG! What is that on my car's license plate? That's the question asked by 10,000 drivers who registered their vehicles in North Carolina last year and got registrations starting with "WTF." Long just an innocuous combination of three letters, like OMG ("Oh my...
Articles 2008-06-26
Nutter to restore power to Planning Commission
Mayor Nutter elevated the oft-overlooked matter of city planning to the top of his agenda yesterday, sending an unmistakable message to builders, civic associations and City Hall that he wants an abrupt end to Philadelphia's decades-old practice of ad hoc development. "As a city government we now reject the 'let's...
Articles 2008-06-18
Game 6 report card
Boston Celtics Offense/shooting A A slow shooting start by Paul Pierce, but his forte was finding open teammates nine assists in first half. Game plan: Get Kevin Garnett an aggressive start on offense. The power forward shot 5-for-7 in the first quarter and finished the half...
Articles 2008-06-18
Political labels no longer mean very much
You just can't tell these days. David Davis, a man with a hard glint in his eyes, a boxer's oft-flattened nose and rigid Conservative certainties, goes all sentimental and wobbly over human rights. Meanwhile, over on the other side, "ethnic" MPs, except for the feisty Diane Abbott, and ex-members of...
Articles 2008-06-16
Back To The Future
The year’s top Broadway musicals may be hip, but they’re old-fashioned, too. This year at the Tony awards, we’ll once again see great shows from the golden age of the American musical slug it out for a prize. The luminous new production of “South Pacific” is up against...
Articles 2008-06-16
Frank DeLucia is named NYARM's Member of the Year
[ILLUSTRATION OMITTED] Frank DeLucia, senior vice president at HUB, has been honored as Member of the Year by the New York Association of Realty Managers. "An exceptional service provider to the real estate industry, the best way to describe the affect Frank DeLucia has on the...
Articles 2008-06-11
Farewell to a friend with a perfect nose for music Alan Taylor's
MY dear friend Angus Calder has died aged 66. Many a time and oft I have cursed him, usually before breakfast when he phoned in his cups to read out some lines of Yeats or remark generously or otherwise on gibberish I'd written. Oddly enough, I first encountered him early...
Articles 2008-06-08
Chris Satullo: Policy proposals are worth checking out. Some 'big ideas' from the left
Conservatisms long heyday in national politics is grinding to an ugly halt. The demise may have been inevitable; cue in Eric Hoffers oft-quoted line that every cause begins as a movement, turns into a business and degenerates into a racket. But the conservative movement managed to set the terms...
Articles 2008-06-03
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