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Nationwide Building Society, the country's largest mutual, has accused the Government of distorting the savings market and damaging private sector lenders. Graham Beale, chief executive, said: "Government-owned institutions...
Zero current account, which will not charge customers for going overdrawn without permission, is unveiled days before a ruling on unauthorised bank charges is expected Santander , the banking group which includes Abbey,...
Mortgage brokers have been badly hit by the credit crunch, with more than half of intermediaries going out of business in the past two years. There are now only 12,500 brokers offering independent mortgage advice in the UK,...
One of the Britain’s most generous savings products has been pulled abruptly from the market by the state-run National Savings & Investments (NS&I) after only 24 days amid complaints from rival banks and building societies.
The FTSE 100 fell and the banks collapsed. But as Patrick Collinson reports, the only shares that didn't go up in smoke were tobacco companies In a decade dominated by the rise of China, the expansion of the internet and the...
Despite the downturn, it is an investment that has been as safe as houses, rising by an average of 111% over the decade, reports Rupert Jones Forget the stockmarket and high-interest savings accounts – the best place for your...
Crisis, what crisis? Gianfranco Zola's West Ham side are currently struggling near the foot of the Premier League but performances are improving Photo: GETTY IMAGES In front of the away dugout at Upton Park "The Academy of...
Investors who fear that the seven-month rally in investment-grade corporate bonds may be over are now moving their money into riskier high-yield bond funds, according to advisers. With the Bank of England base rate unchanged at...
Miles Costello and Francesca Steele Gartmore has fired the starting gun on a mid-December flotation on the London Stock Exchange that is likely to value one of Britain’s best-known fund managers at about £1 billion. Jeff Meyer,...
It is said that nobody ever went broke by taking a profit — and, with the stock market up 22 per cent since January, its best year-to-date performance by far this decade, the lure of locking in gains is likely to be the...
