The Post Office today launched a trial venture, bringing current account banking to its branches for the first time since it sold Girobank 23 years ago.

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Lifetime rate? Not with the Bank of Ireland

Thousands of Bank of Ireland borrowers have been hit with a massive rise in their monthly mortgage bill this month. That's despite them believing they had taken out a lifetime tracker deal.

Post Office unveils mortgages drive

People visiting the Post Office will be able to apply for a mortgage deal under plans announced today.

Seven more banks join swaps sale review list

Seven more banks have agreed to review the sale of interest-rate swaps to small businesses and compensate customers where evidence of mis-selling is uncovered, the Financial Services Authority said yesterday.

Business week in review

In profit...

U2 bassist's assistant 'stole €2.8m'

A former personal assistant of U2's Adam Clayton earned his trust before being promoted to the role and embezzling €2.8 million of his funds, a court heard today.

Around a million people are estimated to have been hit by the rise in home loan payments

Householders pay the price as SVR mortgages soar

Climbing home loan costs mean that it's essential to check the rate you're paying and check out better deals.

Co-operative Bank customers face mortgage rises

Around 54,000 customers at the Co-operative Bank are facing a rise in mortgage payments after the mutual became the latest provider to push up its cost of lending.

Lender backtracks on 'rate shock' for new customers

Nationwide's switched mortgage-holders told rate wise may be staggered. Sarah Davidson reports

Pensioners victorious in BoI battle

British pensioners have won their campaign to prevent the Irish government plundering savings held in high-yielding bonds.

OpCapita buys ailing Comet chain for just £2

Kesa Electricals has sold Comet to the private investment firm OpCapita for a nominal fee of just £2. But the parent company was forced to pump £50m into the loss-making UK electricals chain and retain its pension liabilities to get rid of Comet.

Kesa offloads Comet for just £2 to OpCapita

Kesa Electricals has sold Comet to the private investment firm OpCapita for a nominal fee of just £2. But the parent company was forced to pump £50m into the loss-making UK electricals chain and retain its pension liabilities to get rid of Comet.

Greek bailout could worsen EU debt crisis, warns Moody's

The Greek bailout has increased, rather than decreased, the danger that Europe's debt crisis could spread to Spain and Italy, Moody's warned yesterday as it significantly cut Greece's credit rating and said a default appeared inevitable.

Investors buy shares to boost Bank of Ireland

Bank of Ireland has escaped majority state ownership after a group of investors agreed to buy more than one billion euro (£880 million) in shares.

Musgrave overtakes Tesco after Irish buy

The company behind Londis and Budgens is to buy the troubled Irish grocer Superquinn out of receivership for an undisclosed sum, catapulting it above Tesco to become the biggest player in the Irish market. The purchase by Musgrave Group, which operates the SuperValu, Centra and Daybreak chains in Ireland, will secure the long-term future of Superquinn and 2,800 jobs at 24-store chain.

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