Many Scots unable to open bank accounts
SCOTLAND: According to a new report, entitled "Banking on the Basics" published by Citizens Advice Scotland (CAS), one in 10 citizens of Scotland do not have a bank account.
The survey, carried out among 400 Scots, revealed that 10% of them have no bank account although most of people tried to open one. The most concern is caused by the fact that in certain areas up to 20% of households have no bank accounts. The most common reasons that banks use to turn down customers' applications are: poor or no credit history, undischarged bankruptcy, no local financial history, no household bills, etc. Let us remind that 10 years ago the British Govt called upon the Scottish banks to provide all applicants with at least basic accounts. We are also urging the UK and Scottish Governments to support organisations who offer alternatives to banking services, like Credit Unions." -PB News
LAHORE: Arif Saeed, Imran Inayat Butt, Aliya Majeed and other sitting on a stage during a seminar organised at Lahore Stock Exchange office. -Online