Posted 13 hours ago

The Financial Services Authority (FSA) has given Alliance & Leicester (A&L) a record fine of 7 million for mis-selling payment protection insurance (PPI). The FSA found that the bank had trained its

Posted 13 hours ago

The International Monetary Fund (IMF) has warned that the financial crisis will trigger a deep and severe global downturn unless drastic action is taken.In its latest world economic outlook report, th

Tags: economy

Posted 13 hours ago

British savers of internet bank Icesave, an arm of Landsbanki, have been warned that they may struggle to claim their money.Earlier today, the Icelandic Financial Supervisory Authority announced that

Posted 14 hours ago

Mortgage broker, John Charcol, is urging homeowners coming to the end of their fixed-rate mortgages to find a new deal as soon as possible.According to the firm s senior technical manager, Ray Boulg

Posted 19 hours ago

The UK economy is heading towards a recession following a new report from the British Chambers of Commerce (BCC).A quarterly survey of 5,000 companies carried out by the BCC, which represents small an

Tags: economy

Posted 20 hours ago

The turmoil in the stock markets continues this morning after shares in RBS (RBS) plummeted by over 35% to below the 1 mark. The bank is now worth just 16 billion, compared to 75 billion a year

Tags: markets

Posted 21 hours ago

We ve seen Northern Rock and Bradford & Bingley collapse, the Cheshire and Derbyshire Building Societies rescued, and even Halifax Bank of Scotland required a bail-out from Lloyds TSB. Turmoil in th

Tags: markets

Posted 22 hours ago

The Landsbanki Guernsey offshare bank has gone into administration this morning, amid continuing turmoil surrounding Icelandic banks.Meanwhile customers of Icesave, another arm of Landsbanki, have bee

Posted 1 day ago

With the dramatic threat to the Icelandic banking system, a lot of UK savers with Icelandic Kaupthing Edge and Icesave are now looking at how their savings will be protected.Kaupthing EdgeKaupthing Ed

Posted 1 day ago

European equities markets declined sharply Monday as the euro weakened, oil and metals prices fell, and bank bailouts spread to Europe from the US, spurring several governments to pledge to insure ban

Tags: euro markets metals