Press releases

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.

    Read more

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.”

    Read more

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.

    Read more

15th Oct 2014 Back to top
13th Oct 2014 Back to top
  • Poll finds millions leave themselves open to scams as banks launch campaign

    The BBA is launching a fraud awareness campaign as YouGov polling reveals that millions of people in Great Britain are unwittingly leaving themselves vulnerable to scams perpetrated by fraudsters posing as their bank.

    The poll assessed customers’ responses to some of the common tactics used by criminals, over the phone, via email or via text. Based on the answers, the BBA calculates that people all over the country could fall foul of the most prevalent frauds around:

    • 8 million vulnerable to “vishing” or voice phishing
    • 4 million might transfer money into another supposed “safe” account if instructed
    • 3 million could be willing to carry out “test transactions” online
    • 1.7 million would pass their bank card over to a courier on their doorstep if they carried some form of ID card
    Read more

7th Oct 2014 Back to top
  • August 2014 – Credit Card Market

    Richard Woolhouse, Chief Economist at the BBA, said:

    “Credit card borrowing is now rising faster than at any time since the height of the financial crisis. That suggests consumers are feeling more optimistic about their economic circumstances and the strength of the recovery.

    “It’s also striking that more than 42% of all borrowing on cards incurs no interest at all – a proportion that has risen from 34% just two years ago.

    “This shows how many of us are using credit cards to give us more control over how we manage our finances without being charged for doing so.”

    Read more

2nd Oct 2014 Back to top
  • A wealth of opportunities: Private banking and wealth management attracts investment, creates jobs and boosts growth

    A new major study into Britain’s private banking and wealth management (PBWM) industry today reveals that the sector now oversees £524 billion and contributes £5.5 billion a year to the economy – equivalent to a city the size of Brighton and Hove.

    The BBA’s Wealth of Opportunities report, which is supported by the Wealth Management Association (WMA), reveals that investors rate the UK higher than other financial centres for these services, and that the sector last year paid taxes of £1.2 billion – equivalent to £19 for each individual living in the UK.

    Read more

29th Sep 2014 Back to top
  • Lending Appeals Process working for small businesses

    Responding to the  Q1 2014 Appeals Process report by the Independent External Reviewer, Professor Russel Griggs, BBA Executive Director of Business Finance, Irene Graham, said:

    “Thousands of businesses have successfully used the Appeals Process to unlock the finance they need to grow, innovate and take on new staff.

    Read more