Press releases

25th Nov 2014 Back to top
  • October 2014 figures for the high street banks

    Richard Woolhouse, Chief Economist at the BBA, said:

    “Today’s figures suggest that the cooling of the property market has continued in recent weeks. Approvals were 16% lower in October than in the same month last year – the corresponding figure for September was a 10% decline.

    “Despite softening in the housing market, consumers continue to show confidence in the economy with unsecured borrowing at its highest growth rate in years.

    “At the same time we all continue to make the most of new ISA rules, stashing more in our savings accounts over the course of the last year.”

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20th Nov 2014 Back to top
  • BBA response to bonus cap ruling

    Responding to the EU Advocate General’s opinion on the EU bonus cap legislation, a BBA spokesman said:

    “We continue to support the Treasury’s challenge to this legislation.  There have already been sweeping changes made to the way that bank staff are paid since the financial crisis. Bonuses are smaller and staff are rewarded for making decisions that benefit businesses, shareholders and the broader economy.

    “We believe that shareholders should be given powers to determine staff pay – not politicians. That’s why banks consult with investors before setting staff pay and shareholders also have the power to vote on the pay of senior bankers.

    “We believe this law runs counter to recent reforms and will make the system less robust by incentivising firms to increase fixed pay.  It also puts European banks at a disadvantage when competing with firms in other parts of the world.”

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6th Nov 2014 Back to top
  • BBA response to CMA announcement on market investigation

    Reacting to this morning’s announcement by the Competition and Markets Authority, BBA Chief Executive Anthony Browne said:

    “All the banks will co-operate fully with this investigation. There are already substantial changes currently underway across the banking industry to strengthen competition, which improves choice and service for customers.

    “Banks are pro-competition – they compete for business every day. This summer we published a series of ideas to help new banks set up and smaller players to grow. We hope these suggestions will be taken up by regulators and politicians.”

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31st Oct 2014 Back to top
  • BBA response to FPC leverage ratio review

    Responding to the Financial Policy Committee’s review of the leverage ratio, BBA Executive Director Simon Hills said:

    “The Bank’s proposals will provide the UK banking industry with a framework which balances safety with the need to keep lending affordable for businesses and individuals.

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29th Oct 2014 Back to top
  • BBA response to today’s Bank of England Bankstats

    Commenting on the latest Bank of England monthly Bankstats, BBA Chief Economist Richard Woolhouse said:

    “The drop in mortgage approvals suggests that we are now experiencing a steadier housing market, which is no bad thing given previous concern about the pace of property price rises.

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28th Oct 2014 Back to top
23rd Oct 2014 Back to top
  • September 2014 figures for the high street banks

    Richard Woolhouse, Chief Economist at the BBA, said:

    “A year ago there were many of us who were concerned by the heady pace of property price rises.

    “Today’s figures suggest we are now experiencing a steadier housing market and that’s no bad thing.

    “There’s also some encouraging growth in business lending amongst manufacturers and retailers which is pleasing to see.”

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16th Oct 2014 Back to top
  • CII and BBA announce partnership

    Joint initiative aims to secure trust and confidence in banking

    The  BBA and the Chartered Insurance Institute (CII) today announced the launch of a new working partnership to promote and develop standards and skills in retail banking.

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15th Oct 2014 Back to top