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Taxpayer support for banks must end, committee says

20/04/2011

There must be an end to the dependence of the banks on taxpayer support,” says Margaret Hodge MP


 

Mortgage lending jumps 21% in a Month

20/04/2011

Gross mortgage lending surged 21% from £9.3 billion in February, renewing hope in the UK’s housing market which in itself serves as a barometer for the wider UK economy


 

Aligning risk and finance key to improving banks' profitability

19/04/2011

To help deliver sustainable growth, and for their own protection, banks and other financial institutions must improve how their finance functions understand and use risk considerations and information


 

Managing expenses costs small businesses 13 work days a year

18/04/2011

Filing, sorting and paying out expenses costs Britain’s 1.2 million small businesses over 13 business days a year, significantly hindering their abilities to operate and grow


 

1 in 3 chance that US could lose its AAA credit rating

18/04/2011

A runaway budget deficit and no apparent policies to address it saw New York based credit rating company, Standard & Poor’s (S&P), downgrade the United States’ short term outlook to negative, from stable


 

Norwich & Peterborough land £1.4 million fine

18/04/2011

Norwich and Peterborough Building Society (N&P) have been landed with a £1.4 million fine for selling Keydata products to 3,200 customers without ‘suitable advice’.


 

Profits at JPMorgan jump $2.3 billion in a quarter

13/04/2011

Financial superpower JPMorgan reported first quarter net income of $5.6 billion, up 67% from the previous year


 

Sterling drops 0.5% on lower inflation and raised house prices

12/04/2011

Currency expert Andy Scott from HiFX discusses the impact lower inflation and rising house prices will likely have on the future of Sterling


 

Banking report riles unions and banks, supported by business

12/04/2011

Yesterday saw the publication of the interim report of the Independent Commission on Banking in which recommendations for banking reform are outlined


 

Drop in inflation eases pressure on Bank's interest rate increase

12/04/2011

The consumer prices index (CPI) of inflation dropped a surprise 0.4% in March to reach 4.0%.