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e-bank cyber glitches

New e-bank customers with Barclays and First-e are being hampered by glitches.

Barclays, who claim to have more than 500,000 on-line customers, revealed a technical hitch is currently making life difficult for customers trying to track payments from their accounts.

French-owned First-e customers are having their cheques pay-ins delayed by its process of putting paper cheques through a central account for initial processing.

Both banks say they are currently working on the problems, with Barclays developing ways to allow customers to check the sort codes and numbers of the accounts where money is being transferred on their on-line statements.


Aberdeen asset boost

Funds under management at Aberdeen Asset Management have received a £660m boost following backing the takeover of a South African life assurance subsidiary.AAM bought shares worth £10m in London-based Century Group to help it with acquisition of the Old Mutual Life Assurance Company, the UK unit of South African Old Mutual.Century specialise in buying and […]

Bond boom prediction

Customers afraid of risk are driving a boom in demand for bonds, according to Alliance & Leicester.It is launching a five year bond linked to FTSE 100 where initial investments will be returned after five years regardless of stockmarket fluctuations. The maximum value on maturity will be 140 per cent of the initial investment.A&L investment […]

MPs pledge mutuality support

Mutual building societies are being given a shot in the arm by senior right-wing Tory MP&#39s looking to protect them.MP&#39s including Teddy Taylor and Ann Winteron are backing a private members bill designed to safeguard mutual building societies.The bill, sponsored by Hemel Hempstead Labour MP Tony McWalter, proposes to raise the percentage of borrowers required […]

FSA warning on investment chat

Investors are being warned against taking on-line share advice from chat rooms.The move follows a spate of claims that stockmarket pundits in the US could be abusing their position and pushing their own shares investments using the internet.FSA spokesperson Kate Burns says: “Consumers should be careful, alert and be aware what they are reading may […]


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