$HSBA$BARC$LLOY$RBS$STAN$BNC Santander, which offers high interest and cashback through its 123 Account, opened 170,551 new accounts, while Halifax, which has offered a cash payment to switchers, made a net gain of 156,639. In the third quarter of 2014 alone, Halifax took on 53,624 more accounts.
$HSBA$BARC$LLOY$RBS$STAN$BNC Barclays bank has been the biggest loser in the battle for current accounts, with more than 80,000 customers closing their account in the year after rules were brought in to make switching banks easier.
Lloyds and NatWest were also big losers, with Lloyds dropping 51,985 accounts and NatWest dropping 69,181.
Adam Taylor 18 Apr 2015, 17:06
$HSBA$BARC$LLOY$RBS$STAN How could banks make profits with 2% rate committed for 5 years? ECB will start rising rates in 3 years #bearish
Barclays PLC, through its subsidiaries, provides various financial products and services worldwide. It offers personal and corporate banking, mortgage, and wealth and investment management services to individuals and businesses; consumer payments products and services to consumers and merchants; and retail and business banking, corporate and investment banking, and wealth management and insurance services. The company also provides brokerage and risk management services across various asset classes, including equity and fixed income, currency, and commodity products; strategic advice on mergers and acquisitions, corporate finance, and strategic risk management solutions; and multi-asset class and macro-economic research services, as well as offers credit cards and wholesale banking. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985. Barclays PLC was founded in 1896 and is based in London, United Kingdom.