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In 1990 interest rates were at 15 per cent. You didn't need to be brain of Britain to know that rates at that level were not going to last. It should be easy, therefore, to look at interest rates today – standing at 0.5 per cent – and see this must be the bottom of the interest rate cycle, with little chance of them remaining at record lows in the medium to long term.

James Moore: We're staring into an ever-deeper pension hole

Is the word "pension" inextricably linked to bad news? It really is hard to draw any other conclusion from the industry chatter, the latest bit of which came out yesterday. According to the pension consultant William Mercer, the combined funding black hole of schemes run by Britain's 350 biggest companies has increased by £17bn over the year to the end of March, despite those companies making £20bn of contributions.

James Moore: Expect the words 'pension' and 'black hole' to stay linked for some time yet

Outlook Is the word "pension" inextricably linked to bad news? It really is hard to draw any other conclusion from the industry chatter, the latest bit of which came out yesterday. According to the pension consultant William Mercer, the combined funding black hole of schemes run by Britain's 350 biggest companies has increased by £17bn over the year to the end of March, despite those companies making £20bn of contributions.

Biggest scalp in purge and the other culprits

Ian Hannam is by far the Financial Services Authority's biggest scalp in the recent flurry of prosecutions on disclosing inside information.

Resolution eyes two-way split

Resolution shares tumbled towards the bottom of the stock market movers yesterday as the insurer unveiled plans to split the business in two by 2014.

US Federal Reserve hints at intervening to stoke recovery

Ben Bernanke, the chairman of the US Federal Reserve, warned that the recent reduction in unemployment in the world's largest economy may not be sustainable, reigniting hopes of central bank intervention to stoke the recovery.

Hamish McRae: Look for signals of a seismic change in bond markets

Economic Life: I think the big turning point will be something that occurs in the US

FSA fines senior banker over 'parlour games'

A senior executive at Credit Suisse who leaked details of a €2.5bn (£2bn) bond issue by playing parlour games with a fund manager has been fined by both the regulator and his own bank.

Senior banker fined over bond issue 'charades' but keeps his job

A senior executive at Credit Suisse who leaked details of a €2.5bn (£2bn) bond issue by playing parlour games with a fund manager has been fined by both the regulator and his own bank.

Hamish McRae: A wider worry than Greece is the scale of public debt in richer places

Economic View: Greece has the worst of all worlds; no one in their right mind would buy its debt

The eurozone is a risky area for investors

Spotlight on the best and worst of funds

Our list of winners and losers could help you make the right choice for your investment.

Greece eyes bailout after debt deal

Greece has cleared a major hurdle in its race to avoid bankruptcy by persuading the vast majority of its private creditors to sign up to the biggest national debt writedown in history, paving the way for a second massive bailout.

Worries over growth and Greek deal rock world markets

Share prices in London, France, Germany and Spain nosedive as jitters hit global dealing rooms
The European Central Bank has cut its key interest rate

ECB loans £446bn to banks

The European Central Bank (ECB) has made £446 billion in low-interest loans to banks in the second round of a massive credit infusion that has been credited with easing the eurozone debt crisis.

Satyajit Das: They are all at it – but side effects of QE may turn out to be highly toxic

Midweek View: Inflation cuts the value of debt. It also induces consumer spending, as people accelerate purchases
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