Is souped-up scheme a shot in the arm for lending?
Nick Clegg says the government’s Funding for Lending has been put on steroids. But, if it leads to a house price bubble, is it really an economic policy on smack?
Nick Clegg says the government’s Funding for Lending has been put on steroids. But, if it leads to a house price bubble, is it really an economic policy on smack?
A plan to sell more than 600 branches of part-nationalised Lloyds to the Co-op for £750m falls through, as the buyer says the economic climate is too poor.
Britain’s largest mutual bank pulls out of a deal to buy 600 Lloyds bank branches, leaving the high street to the big four banks. But does it signal the end of the ethical banking revolution?
A second credit-rating agency has downgraded the UK’s prospects. Fitch followed Moody’s in removing Britain’s coveted triple A status. Our Business Correspondent, Siobhan Kennedy reports.
The controversial and aptly named head of Barclays investment arm Rich Ricci has left the bank, but not before he was able to cash in nearly £18 million in shares just weeks ago.
Cyprus President Nicos Anastasiades has appealed to the European Union for help after his island was hit for another 6bn euros as the price of its eurozone bailout.
Forget Facebook – the Winklevoss twins have amassed a major holding in the online currency Bitcoin. But is it a serious investment option – or the Napster of the finance industry?
Will the Post Office’s plans to launch current accounts bring more competition to high street banking?
Damned by a parliamentary committee for toxic leadership of HBOS, Andy Hornby remains eligible to draw his £240,000 pension at 50 and still has his job running bookmakers Coral. Is this right?
Among the contenders for “Thatcher’s legacy” is the de-regulation of the City of London. Is Margaret Thatcher responsible for today’s double-dip recession? Economics Editor Faisal Islam reports.
After former HBOS chief executive Sir James Crosby agrees to give up his knighthood and part of his pension, pressure is mounting on others in charge when the bank collapsed to follow suit.
Former HBOS chief executive Sir James Crosby says he will ask for his knighthood to be removed and will forego 30 per cent of his pension after last week’s report into the bank’s collapse.
The banking commission has savaged the way HBOS was run, but it is not the only bank that has struck terror into people’s hearts. Are these are the worst offenders? You decide.
Will anything be done? Will any of these people ever be brought to book? The record thus far suggests not a lot will happen.
The parliamentary banking commission says the three bankers who presided over the 2008 HBOS collapse should never work in the City again. But why were they not stopped? And what is their punishment?