$HSBA$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.
Stephen Dixon 30 Mar 2015, 22:39
Bank of England is to stress test large UK banks with a dramatic slowdown in China, a contraction in the eurozone, the worst deflation since the 1930s or a fall in UK interest rates to zero.
The banks are Barclays $BARC, HSBC $HSBA, Santander UK $BNC, Standard Chartered $STAN and the two bailed-out banks, Lloyds Banking Group $LLOY and Royal Bank of Scotland $RBS.