Fitch Ratings says strong political support for depositors makes the risk of losses to structured finance and covered bond investors from borrowers setting-off their loan payment obligations against insured ...

Be wary of schemes that aim to avoid you having to sell your home to fund health care

The FTSE AIM All Share index falls 0.9 percent, in line with the FTSE Small Cap index, while the midcaps are 1.5 percent weaker. Ingenious Media Active Capital jumps nearly 50 percent, topping the AIM ...

There is a certain irony in financier Davide Serra advising the Government on improving “viability” at RBS . Serra was in the cabal of hedge funds that gobbled up shares in ABN Amro in the run-up to the ...

It was something that looked like a nationalisation that brought Stephen Hester into the public eye. Now a looming privatisation is taking him out of it.

U.S. fraudster Bernard Madoff used his London-based company to "warehouse" huge amounts of money stolen from the Ponzi scheme and buy luxury items for himself, a court heard on Wednesday. The ...

Small companies are often being rejected by banks based on “personal issues” with founders' credit ratings rather than problems with their business plans.

Stephen Hester is to step down as chief executive of state-backed Royal Bank of Scotland later this year, giving a new boss time to prepare for the lender's privatisation process. Here is a round-up of ...

Authors led by Philip Pullman are demanding higher payments from publishers for their works to be lent by libraries as e-books, as part of a battle over how revenues from digital reading will be carved ...

The dollar recovered lost ground against the yen on Wednesday after a sharp selloff the previous day as investors sought to buy at cheaper levels while remaining focused on central bank stimulus. Uncertainty ...

Fitch Ratings has downgraded two and affirmed one tranche of Haus 1998-1 as follows: Class B1 : affirmed at 'AAAsf'; Outlook Stable Class B2 : downgraded to 'B-sf' from 'A+sf'; Outlook Negative Class B-IO ...

Britain should end the uncertainty over long-term plans for state-controlled Royal Bank of Scotland, a senior Bank of England official said on Wednesday. Paul Fisher, the BoE's markets director, said RBS's ...

Fitch Ratings has downgraded DECO 7 - Pan Europe 2 plc's class D to G notes, as follows: EUR104.3m class A2 affirmed at 'AAsf'; Outlook Stable EUR108.5m class B affirmed at 'BBBsf'; Outlook revised to ...

Jessica investigates: our troubleshooter comes to the aid of a reader who fell foul of the bank's "affordability" rules when his income fell.

The dollar clawed back against the yen on Wednesday after suffering its biggest drop in three years the previous day when investors unwound bearish yen bets as the Bank of Japan held off from introducing ...

Britain's credit unions will be allowed to increase the interest they charge on loans in a bid to stop people turning to payday lenders.

The dollar steadied against the yen on Wednesday after suffering its biggest drop in three years on Tuesday, when investors unwound bearish yen bets as the Bank of Japan held off from introducing fresh ...

The yen pulled back slightly on Wednesday after its biggest one-day gain in three years against the dollar in the previous session, when the Bank of Japan held off from extending the maximum duration of ...

The yen rose sharply versus the euro and U.S. dollar on Tuesday after the Bank of Japan refrained from making additional moves to curb recent bond market volatility, raising doubts over its commitment ...

The High Court battle over the assets of fraudster Bernard Madoff is moving into the end game as the liquidators of Madoff's UK company open their fight to recover at least $80m they allege was unlawfully ...

Talks aimed at bringing an end to claims against banks for payment protection insurance mis-selling have failed, after Britain’s largest lenders were unable to reach an agreement with consumer groups.

Bahrain investment firm Arcapita Bank received approval from a U.S. Bankruptcy Court on Tuesday for its plan to repay creditors, thought to be the first that is compliant with sharia, Islamic law. "I'm ...

Lloyds Banking Group has confirmed it is retraining staff handling insurance mis-selling claims from customers, after an undercover reporter revealed numerous allegations of misbehaviour. The Times said ...

Britain's credit unions will be allowed to increase the interest they charge on loans in a bid to stop people turning to payday lenders.

An overload of global regulation threatens to stifle Europe's banking system and constrain economic growth, Deutsche Bank AG Co-Chief Executive Anshu Jain warned on Tuesday. "Over the past five years, ...

Britain's dominant services sector will drive growth in 2013, according to the National Institute of Economic and Social Research, as it said the UK economy grew by 0.6pc in the three months to May on ...

The yen leapt on Tuesday after the Bank of Japan refrained from additional measures to curb recent volatility in the bond market, causing a steep drop in the Japanese stock market. Japan's currency gained ...

Money MOT: Government-backed Funding for Lending scheme finally brings down the cost of borrowing for those with smaller deposits.

Campaigner Martin Lewis was today telling customers that having a PPI claim rejected by Lloyds was "part of the dance", following an expose of the bank's complaints procedures.

The FOS is advising customers with PPI complaints not to contact them regarding fraud concerns, after an investigation into Lloyds Banking Group revealed numerous instances of malpractice.

Fitch Ratings has affirmed Aire Valley Master Trust's class A, B and C notes, and upgraded the class D notes to 'BBsf' from 'Bsf'. A full list of rating actions is available at www.fitchratings.com or ...

Online food retailer Ocado hit all-time highs on Tuesday, surging for a second day as traders cite talk both of possible M&A activity, following its joint venture deal with grocer WM Morrison last month, ...

Dubai World, the state-linked group whose $25 billion of debt brought the emirate to the brink of financial collapse in 2009, has sold one of its UK assets as part of its efforts to repay creditors. A ...