Banks

'Estate agent Foxtons in bank talks'

Fri, 09 Jan 2009 14:38:57 GMT

Estate agency Foxtons is in talks with its banks after reportedly breaking its lending agreement terms amid plunging housing sales.

'Most Icesave savers paid back'

Mon, 22 Dec 2008 10:58:25 GMT

The majority of savers with failed Icelandic internet bank Icesave have been paid back in time for Christmas.

Interest rate cuts hit savers

Fri, 19 Dec 2008 11:45:37 GMT

One in four deposit accounts pay savers returns of only 1 per cent or less following the recent interest rate cuts.

FTSE ends at 4330.7

Thu, 18 Dec 2008 17:54:55 GMT

The FTSE 100 has finished the day 0.2 per cent higher amid further pressure on banking stocks and more mixed economic data.

World News (Morning) for December 18th, 2008

Thu, 18 Dec 2008 06:08:59 GMT

Double Baghdad bombings - Zimbabwe hunger crisis - Madoff curfew - Comical Bush protests - Obama on the front page.

Sterling hits record low against euro

Wed, 17 Dec 2008 09:56:18 GMT

Sterling has hit a record low against the euro as markets anticipate more UK interest rate cuts.

World News (Evening) for December 14th, 2008

Sun, 14 Dec 2008 15:13:54 GMT

Bush visits Iraq - Violence continues in Greece

HSBC to release £1bn to small firms

Sun, 07 Dec 2008 14:23:28 GMT

Global banking giant HSBC has announced a move to release £1 billion of extra funding to help small businesses.

FTSE ends at 4288

Fri, 28 Nov 2008 17:26:18 GMT

The FTSE 100 has ended the week in positive territory after a better week for battered blue chip stocks.

Mortgage approvals more than halve

Tue, 25 Nov 2008 14:35:29 GMT

Mortgage approvals more than halved in October compared to a year earlier, the British Bankers' Association has said.

FTSE ends at 3875

Thu, 20 Nov 2008 18:01:32 GMT

More than £31 billion was wiped off the UK's biggest companies after blue-chip stocks took a fresh pounding on global recession fears.

Treasury gives Iceland £2.2bn

Thu, 20 Nov 2008 16:36:55 GMT

The Treasury has given Iceland £2.2 billion to guarantee British deposits at collapsed bank Icesave, it has been disclosed.

Paulson reconsiders mortgage assets plan

Wed, 12 Nov 2008 16:52:32 GMT

The US Treasury Secretary says he is reconsidering the use of the $700 billion (£463bn) bail-out to buy troubled mortgage assets.

Flurry of lenders pass on rate cut

Fri, 07 Nov 2008 20:04:21 GMT

A series of banks and building societies have announced they are passing on the shock cut in interest rates.

Compensation for Icesave customers

Thu, 06 Nov 2008 11:32:10 GMT

The Government is making £800 million available to compensate Icesave customers who lost money when the internet bank collapsed.

Drop in RBS earnings

Tue, 04 Nov 2008 09:17:29 GMT

Royal Bank of Scotland has reported an 8 per cent drop in underlying earnings so far this year.

Talks held over HBOS bid

Sat, 01 Nov 2008 16:02:59 GMT

Scottish Secretary Jim Murphy has had talks with a leading businessman about the possibility of a second bid for HBOS.

Japan cuts rates amid credit crunch

Fri, 31 Oct 2008 09:56:36 GMT

Japan has cut interest rates for the first time in seven years and warned severe conditions in the global economy could persist.

FTSE ends higher

Thu, 30 Oct 2008 17:23:57 GMT

The FTSE 100 has ended the day higher in relatively quiet trading after soaring 8 per cent during the previous session.

FTSE ends 8% up

Wed, 29 Oct 2008 18:29:31 GMT

The FTSE 100 finished the day more than 8 per cent higher on hopes of an interest rate cut in the US.

Mortgage approvals edge up in September

Wed, 29 Oct 2008 11:08:43 GMT

Mortgage repayments have outstripped new lending in August for the first time as speculation of a stamp duty cut froze the housing market.

Iceland's interest rate soars to 18%

Tue, 28 Oct 2008 10:50:29 GMT

Iceland's central bank has raised interest rates by a massive 6 percentage points to 18 per cent.

Banks to face tougher regulation

Tue, 28 Oct 2008 07:18:44 GMT

The Bank of England has said in a report that the current credit crisis has cost a mammoth $2.8 trillion (£1,800bn).

Another rollercoaster ride for sterling

Mon, 27 Oct 2008 17:15:42 GMT

Sterling has plummeted in value as another rollercoaster week begins on the financial markets.

FTSE fights back from fresh lows

Mon, 27 Oct 2008 17:10:55 GMT

The FTSE 100 finished the day in the red but fought back from fresh five-year lows as concerns about a global recession continue.

FTSE ends week deep in the red

Fri, 24 Oct 2008 16:27:12 GMT

The FTSE 100 has ended the week deep in the red after bleak UK economic news and a shares plummet on Wall Street.

'Banks must help small businesses'

Thu, 23 Oct 2008 22:19:28 GMT

Business Secretary Lord Mandelson has met bank bosses to discuss what help they can give to the country's struggling small businesses.

FTSE closes at 4087.83

Thu, 23 Oct 2008 16:16:17 GMT

The FTSE 100 index overcame recession fears to close up 46.94 points at 4087.83 after a late session boost from Wall Street.

Mortgage approvals down 57% year-on-year

Thu, 23 Oct 2008 08:35:26 GMT

The number of mortgages approved for house purchase in September is 57 per cent down on a year ago, figures have shown.

FTSE ends 4.5% lower as US tumbles

Wed, 22 Oct 2008 16:21:06 GMT

The FTSE 100 has ended the day deep in the red after Wall Street tumbled on continued global recession fears.

Late surge sends FTSE 100 higher

Mon, 20 Oct 2008 16:11:26 GMT

The FTSE 100 has finished the day almost 6 per cent higher on the back of strong gains from banks and oil companies.

UBS agrees government bail-out

Thu, 16 Oct 2008 10:23:37 GMT

UBS has agreed a multi-billion government bail-out and is transferring £34.7 billion in toxic debts to a Swiss National Bank-owned fund.

Bush: '$250bn pumped into US banks'

Tue, 14 Oct 2008 14:34:38 GMT

The US government will pump $250 billion (£142.5bn) straight into the country's beleaguered financial institutions.

Baugur denies administrators appointed

Tue, 14 Oct 2008 12:32:59 GMT

Troubled investment group Baugur has denied reports it plans to put its UK business into administration.

BoE move to free up frozen accounts

Mon, 13 Oct 2008 21:59:38 GMT

Britain is to loan Iceland's Landsbanki up to £100 million to help thousands of UK savers whose cash has been frozen in accounts there.

Cash injection brings banking revolution

Mon, 13 Oct 2008 21:57:59 GMT

Three of the UK's most popular high street banks are receiving £37 billion of taxpayers' cash in one of the UK's biggest nationalisations.

Morning world news

Mon, 13 Oct 2008 05:47:00 GMT

Cash for EU banks - Zimbabwe unity threat - Colombia flood deaths - Gay pride parade in Rio

Iceland crash puts £1bn on the line

Thu, 09 Oct 2008 21:36:48 GMT

British investments worth hundreds of millions are on the line after the collapse of Icelandic banks.

Kids' charity caught in bank crisis

Thu, 09 Oct 2008 15:28:41 GMT

A charity which looks after terminally ill children has found itself caught up in the Icelandic banking crisis.

Recession-beating package announced

Wed, 08 Oct 2008 22:00:44 GMT

Interest rates have been slashed and billions pumped into banks in a "bold" bid to stave off recession.

ING strikes £3bn Icelandic banks deal

Wed, 08 Oct 2008 12:10:06 GMT

ING Direct UK says it is acquiring more than £3 billion of deposits held by British savers with Icelandic-owned banks.

Cash crisis talk batters bank shares

Tue, 07 Oct 2008 18:44:14 GMT

The banking sector has been battered on the London Stock Exchange over reports leading lenders went begging to the Chancellor.

Darling ready to help other banks

Sun, 05 Oct 2008 16:21:57 GMT

Chancellor Alistair Darling has said he is ready to offer further assistance to individual banks which get into difficulties.

Compensation for savers raised to £50,000

Fri, 03 Oct 2008 14:14:23 GMT

The compensation limit available to savers who lose money when a bank goes under is being increased from £35,000 to £50,000.

Savers scramble to protect cash

Wed, 01 Oct 2008 21:37:00 GMT

Savers are said to be shuffling billions of pounds, some to Irish banks which are offering guaranteed protection, to safeguard their cash.

'Progress made' on $700bn bail-out

Sat, 27 Sep 2008 16:28:58 GMT

The US Congress is making headway in its weekend mission to strike a deal over the proposed $700 billion (£380bn) financial bail-out plan.

World News (Evening)

Sat, 27 Sep 2008 15:57:43 GMT

Bail-out deal talks go on - Syria bomb blast - Zimbabwe food fears

World News (Morning) for September 19th, 2008

Fri, 19 Sep 2008 05:09:59 GMT

Rescue plan for Wall Street - Rice condemns Kremlin - China toxic milk scare spreads to liquid

Mortgage approvals down 65% year-on-year

Tue, 26 Aug 2008 08:51:01 GMT

The number of mortgages approved for house purchase in July was almost two-thirds lower than a year ago, figures show.

B&B bankers left with 72% of shares

Mon, 18 Aug 2008 10:02:02 GMT

Bankers for Bradford & Bingley have been left to sell more than 70 per cent of shares from its £400 million rights issue.

Tyra honours black models

Wed, 13 Aug 2008 09:15:14 GMT

Tyra Banks has held a street fashion event in New York to mark the all-black Italian Vogue issue.

RBS reports losses of £692m

Fri, 08 Aug 2008 07:42:31 GMT

Royal Bank of Scotland has reported losses of £692 million for the first half of 2008.

HBOS takes £1.1bn credit crunch hit

Thu, 31 Jul 2008 08:28:06 GMT

Halifax Bank of Scotland has taken a £1.1 billion hit from the credit crunch halving underlying interim pre-tax profits.

Mortgage approvals dive

Tue, 29 Jul 2008 13:21:14 GMT

Mortgage approvals dived by nearly 70 per cent during the past year to hit a new low, figures have shown.

US approves housing market rescue bill

Sat, 26 Jul 2008 20:55:11 GMT

The US Congress has approved a multi-billion pound housing market rescue bill amid fears over mortgage titans Fannie Mae and Freddie Mac.

Money News (Lunchtime) for July 22nd, 2008

Tue, 22 Jul 2008 12:01:30 GMT

Petrol price war - King says banks need protection - Mortgage lender "in buyout talks"

Customers not paid back overdraft charges

Mon, 21 Jul 2008 11:10:01 GMT

Banks don't have to refund customers who have complained about unauthorised overdraft charges for at least six months.

Bank shares tumble amid US woes

Wed, 16 Jul 2008 14:16:01 GMT

Britain's banks are enduring further stock market misery as the fallout from the US mortgage crisis continues to reverberate.

Banks 'coerced' into buying B&B shares

Wed, 09 Jul 2008 13:21:11 GMT

The UK's high street banks have been "coerced" into buying shares in beleaguered Bradford & Bingley, analysts have said.

UK banks make £2.5 billion in charges

Mon, 07 Jul 2008 11:08:42 GMT

The UK's major banks make £2.5 billion a year in profit through unauthorised overdraft charges.

Banks expect to reduce mortgage lending

Thu, 03 Jul 2008 09:41:22 GMT

Mortgage availability will continue to fall as lenders tighten their criteria in the face of defaults.

Top banks in 'price-fixing' probe

Mon, 02 Jun 2008 13:31:09 GMT

Two of the high street's biggest banks have been caught up in a competition probe by the UK's consumer watchdog.

Second lender to ask shareholders for cash

Mon, 28 Apr 2008 08:09:26 GMT

Shares in the UK's biggest mortgage lender are holding firm despite speculation it will ask shareholders for as much as £4 billion.

FTSE ends at 6433.0

Wed, 26 Sep 2007 16:21:47 GMT

The FTSE 100 has closed higher after a firm set of GDP figures pointed to a healthy UK economy and a bullish Wall Street buoyed trading.

Northern Rock 'seeks white knight'

Mon, 17 Sep 2007 06:20:16 GMT

Customers have withdrawn £2 billion from Northern Rock savings accounts in three days.

Northern Rock crisis hits shares

Fri, 14 Sep 2007 21:07:01 GMT

Northern Rock customers spent Friday queuing outside branches after the mortgage lender had to be bailed out by the Bank of England.

BoE gives banks more borrowing flexibility

Thu, 13 Sep 2007 18:34:03 GMT

The Bank of England has given banks greater flexibility on how much cash they can borrow without penalty to manage cashflows.

Homebuyers pay twice

Wed, 22 Aug 2007 11:51:06 GMT

Tens of thousands of homeowners are being forced to pay twice in order to move since the introduction of Home Information Packs.

Banks in the dock over charges

Fri, 27 Jul 2007 12:59:58 GMT

The Office of Fair Trading has launched a High Court bid to prove bank charges for unauthorised overdrafts are unfair.

Payslip fraud fears

Fri, 01 Jun 2007 13:40:04 GMT

An increasing number of websites are thought to offer fake payslips helping people to take out bank loans they cannot afford.

Bank charges investigation launched

Thu, 26 Apr 2007 07:13:40 GMT

A formal investigation has been launched into whether banks unfairly charge customers for unauthorised overdrafts and returned items.

Free banking is unfair, say customers

Tue, 03 Apr 2007 11:25:32 GMT

A third of bank customers would be prepared to pay for the service they receive a new report has found.

Free banking is unfair, say customers

Tue, 03 Apr 2007 11:17:00 GMT

A third of bank customers would be prepared to pay for the service they receive a new report has found.

HSBC reports record profit rise

Mon, 05 Mar 2007 09:59:59 GMT

HSBC has seen a record annual profit rise of 5 per cent to almost £11.5 billion.

'Penalty charges net £1.2bn'

Mon, 26 Feb 2007 14:11:04 GMT

Banks make £1.2 billion a year from penalty charges but could lose £500 million if regulators deem them unlawful, Credit Suisse claims.