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Fears rise of increased borrowings costs after Moody’s downgrades 15 financial institutions including Royal Bank of Scotland, Barclays and HSBC.
Spain may be the latest European country heading for a massive bailout. That might mean Britain has to pay. FactCheck wonders how much.
With fears that Spain’s banks may need to be bailed out, Channel 4 News looks at the state of the banking sector in Britain.
Andrew Moss, the chief executive of Aviva, the UK’s largest insurer, is stepping down with immediate effect following a shareholder revolt over the insurance firm’s executive pay.
Downward sales prompt Mothercare to close 111 sites, including 75 Early Learning Centre stores. The move will lead to the loss of 730 jobs.
The government’s big society bank launched today. But its chairman has told Channel 4 News that all the good it might do could be outweighed by budget proposals to cap tax relief for philanthropists.
Stuart Patrick from Glasgow Chamber of Commerce tells Channel 4 News that renewables and trade provide hope for jobs in the Scottish city.
The CBI employers’ body says Britain will avoid recession but other forecasters are less opimistic, with one economist telling Channel 4 News that “the economy is going nowhere”.
As research reveals all but two of the top 100 hundred firms on the London Stock Exchange use tax havens, Channel 4 News Business Correspondent Sarah Smith reports from the Channel Island of Jersey.
London’s leading shares index fell 4.5 per cent today, the 9th biggest fall in its history, amid fears the world is sliding into a double dip recession.
The post dollar world, the Gold Standard, the “largest debtors in the history world”: Jim Rogers, Jim Rickards and HSBC’s Stephen King give Faisal Islam their thoughts on the downgrade.
Lloyds Banking Group announces losses of £3.3bn after putting aside £3.2bn to compensate people who were mis-sold payment protection insurance.
Northern Rock announces reduced losses of £78.8m for the first six months of 2011 compared to losses of £140m for the same period last year.
Eight out of 90 banks in Europe have failed stress tests designed to ensure they can get through difficult economic times. Channel 4 News’ Faisal Islam says we should not write off the tests just yet.
Jon Snow
Jon Snow blogs on the trade-off with the Private Finance Initiative bonanza.