The government has taken action to ensure that the banking system remains on a sure footing in the face of continuing and exceptional instability across the world's financial markets. Find out more about these measures below.
Monday, 30 March 2009
Customers of Dunfermline Building Society have been reassured that it is "business as usual" following the building society's takeover by Nationwide. The Treasury has confirmed that customers can continue to deposit and withdraw their money in the usual way and all savers' money is protected.
Monday, 23 February 2009
Northern Rock is to increase mortgage lending by up to £14 billion over the next two years. The government has said that it will make more money available to the bank to make it easier for people to get a mortgage.
Monday, 19 January 2009
With the global economic downturn intensifying in the past two months, the government is announcing a comprehensive package of measures designed to reinforce the stability of the financial system, to increase confidence and capacity to lend, and in turn to support the recovery of the economy.
Thursday, 11 December 2008
Icesave customers who have not yet claimed using the online process have until 30 December 2008 to claim online. After that date, customers will need to fill in a paper application form.
Monday, 1 December 2008
HM Treasury has taken decisive action to protect the interests of retail depositors and wider financial stability following London Scottish Bank plc entering administration.
Monday, 10 November 2008
The Icesave payout process is now under way. Customers will be able to claim back their savings during November through an electronic payment into their established linked accounts.
Monday, 13 October 2008
The government has announced that it is going to buy newly issued shares in the Royal Bank of Scotland (RBS) and also HBOS and Lloyds TSB, when their merger is complete, to provide these banks with more funds to run their businesses.
Friday, 10 October 2008
The Chancellor has put in place arrangements to ensure that all retail depositors in three Icelandic banks will receive their money in full.
Friday, 3 October 2008
The Financial Services Authority (FSA) has increased the compensation limit for bank deposits from £35,000 up to a total of £50,000 for each customer's claim. This increase applies from Tuesday 7 October 2008.
Monday, 29 September 2008
All of Bradford and Bingley's direct channels including its retail branches and its savings accounts have been transferred to Abbey. The rest of the business, including the mortgage operation and headquarters, has been taken into public ownership by the government.
Thursday, 20 September 2007
HM Treasury has confirmed that the guarantee arrangements for existing deposits in Northern Rock PLC cover all accounts existing at midnight on Wednesday 19 September.