banks

Bank bosses "sorry"

Tuesday, 10 February 2009 | News

Sorry was the word of the day, as former bosses of HBOS and Royal Bank of Scotland faced up to MP's scrutiny over their roles in the banking crisis.

Barclays scraps executive bonuses

Monday, 09 February 2009 | News

Barclays has seemingly defied the economic turmoil and posted profits of £6.08 billion for 2008.

Barclays in profit despite the crunch

Monday, 26 January 2009 | News

Barclays has delivered better than expected financial results and reiterated claims that it does not need any government money to survive the slump.

Lending at eight-year low

Wednesday, 21 January 2009 | News

December saw the lowest level of mortgage lending for nearly eight years with approvals on home loans plummeting 47% since the same month in 2007.

Britannia and Co-Op to create super-mutual

Wednesday, 21 January 2009 | News

Britannia and the Co-Operative have confirmed that they will merge to create a super-mutual.

Will the bail-out help your finances?

Monday, 19 January 2009 | Article

At the end of last year, the government announced a scheme - termed the banking bail-out - which it hoped would kick-start the economy by supporting banks during the downturn.

RBS one step closer to nationalisation

Monday, 19 January 2009 | News

Royal Bank of Scotland has moved a step closer to nationalisation after the government increased its stake in the bank from 58% to 70%.

Second banking bailout confirmed

Monday, 19 January 2009 | News

The Treasury has confirmed a second banking bailout with a host of measures that it hopes will enable banks to increase their lending to consumers and businesses.

Mortgage rescue plan extended

Friday, 16 January 2009 | News

Struggling homeowners will be able to sell all or part of their homes to their local authority without having to move out, under extended government plans to prevent the predicted rise in repossessions.

Government bail-out for small businesses

Wednesday, 14 January 2009 | News

The government has unveiled a £20 billion plan to help small businesses survive the economic downturn.