After pop, planes and cola, Branson takes on the banks

Article Abstract:

Virgin Direct, the financial services company owned by Richard Branson, has linked with Royal Bank of Scotland to create a new service, Virgin One. This permits customers to use just one account to deal with all their financial affairs. Branson believes that this will be the first true one-stop bank. The service will offset positive assets such as deposit account savings against liabilities such as car loans, with a net, negative balance being subject to a single rate of interest.

Planning, Services, Royal Bank of Scotland PLC, Branson, Richard, Virgin Direct Personal Financial Service Ltd.

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UK: SURVEY OF INTERNET BANKS

Article Abstract:

UK high-street banks are recapturing online business from the likes Prudential's Internet bank, Egg, according to the MMXI study for August 2000. Barclays' website attracted 641,000 visitors, up from 460,000 in July 2000, with Lloyds TSB and Egg attracting 583,000 and 582,000 respectively.

United Kingdom, Retail Banking Services, Market share, Retail banking, Brief Article, Lloyds TSB Group PLC, Barclays PLC, Egg PLC

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The banks that like to say nothing

Article Abstract:

Many of the UK's top banks are failing to inform customers that they could gain more interest if they moved to a different account, according to Fleming Premier Banking. This contravenes the banking code.

Laws, regulations and rules

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