Jane Croft

Banks see voluntary repossessions rise

By Jane Croft, Retail Banking Correspondent Banks are seeing an increase in the numbers of homeowners deciding voluntarily to hand back properties be-cause they cannot afford to keep up mortgage payments. Voluntary...

HBOS warns of nationalisation risk

By Jane Croft, Retail Banking Correspondent HBOS issued a stark warning to investors that the bank could face the prospect of being nationalised if they vote against its takeover by Lloyds TSB. In a circular to shareholders,...

New boy steps into line of fire

12-Nov-2008

Tim Tookey, the newly appointed finance director of Lloyds TSB, has spent his first few weeks visiting shareholders ahead of one of the most crucial votes in the bank’s entire 243-year history, writes Jane Croft. Next week,...

Banks to raise personal loan rates

12-Nov-2008

By Michael Peel and Jane Croft Banks are poised to raise the price of personal loans in response to a sweeping crackdown to be unveiled on Thursday by the competition watchdog on the huge profits it claims the lenders make on...

Union chief attacks duo's HBOS plans

By Jane Croft and Andrew Bolger An attempt by two of Scotland’s best-known bankers to preserve HBOS as an independent company received a further blow after the plan was attacked by a leading trade union. Derek Simpson, joint...

Nationwide sees 25% house price fall and recovery in 2010

By Jane Croft, Retail Banking Correspondent Nationwide maintained a gloomy outlook on the housing market yesterday, saying prices will fall by a total of 25 per cent and there might be no bounce back until 2010. Graham Beale,...

Bail-out could create two-tier banking sector

10-Nov-2008

By Elaine Moore and Jane Croft Is the banking sector splitting in two? After last week’s surprise 1.5 percentage point Bank of England rate cut, the three big banks that have received equity injections from the government all...

Nationwide predicts 25% fall in house prices

10-Nov-2008

By Jane Croft, Retail Banking Correspondent Nationwide maintained a gloomy outlook on the housing market on Monday, saying house prices would fall by a total of 25 per cent and there might be no bounceback until 2010. Graham...

Grigg to quit key post at Barclays

10-Nov-2008

By Jane Croft and Peter Thal Larsen The head of commercial banking at Barclays is unexpectedly leaving the UK's third-largest bank. Chris Grigg, who took over the role dealing with business and commercial banking last year, is...

City scoured to help run bank stake

07-Nov-2008

By Peter Thal Larsen, Alex Barker and Jane Croft The City is being scoured by the government for experienced bankers to beef up the new “arm’s length” company managing the taxpayers’ multi-billion pound stake in the British...

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