Ten Things You Need to Know Today: Saturday 3 Dec 2011

1. HUGE OVERDRAFT CHARGES EXPOSED

UK banks are charging as much as 800,000% on overdrafts, BBC research has shown. In one example, a customer borrowing £100 for 28 days without the consent of Santander would repay £200 - an equivalent APR of 819,100%. The British Banking Association says the industry is willing to look at concerns raised.

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