Latest News

Sharp rise in profits at Barclays

Thursday, 07 May 2009 | News

Barclays has reported a sharp rise in profits, while Lloyds Banking Group - which is 44%-owned by the government - has warned it will make a loss in 2009.

Aviva to pay with-profit bonuses

Wednesday, 06 May 2009 | News

Aviva is reconsidering returning surplus money from its with-profits funds to policyholders, with one million customers liable to receive cash payments of up to £1,150.

Downturn worse than 1930s

Wednesday, 06 May 2009 | News

A leading think-tank is forecasting that the British economy will shrink by 4.3% this year and grow by just 0.9% in 2010, pouring cold water on the government’s own estimates.

Government rebuked over Equitable Life failings

Wednesday, 06 May 2009 | News

The government has been reprimanded by the parliamentary ombudsman for failing to act on its recommendations to compensate Equitable Life victims.

House price falls not over yet

Wednesday, 06 May 2009 | News

One of the UK’s biggest mortgage lenders has warned that house price falls are far from over, with the threat of redundancy combined with a lack of credit deterring would-be buyers from moving up the ladder.

Alliance & Leicester launches 7% account

Thursday, 14 May 2009 | News

Alliance & Leicester has relaunched its one-year regular savings account paying 7% AER for a limited period.

Banks challenge PPI ban

Tuesday, 05 May 2009 | News

Barclays and Lloyds Banking Group are challenging a ban on the sale of controversial payment protection insurance (PPI), despite strong evidence that this product is mis-sold to consumers.

Insolvencies continue to soar

Friday, 01 May 2009 | News

Almost 5,000 companies in England and Wales hit the wall in the first three months of the year while personal insolvency nearly hit a record high, figures from the government's Insolvency Service reveal.

Greedy bankers blamed for meltdown

Friday, 01 May 2009 | News

Bonus-chasing bankers and the failure of the supervisory system are to blame for the meltdown of the financial system, the Treasury Select Committee has said.

Banks increase mortgage activity

Friday, 01 May 2009 | News

Mortgage approvals continue to increase as banks' appetite for lending grows - but experts warn that such green shoots do not signal the beginning of the end.