Saab admits it cannot pay staff

Factory staff at Saab were not paid as usual yesterday after the car-maker said it did not have the money to meet the commitments.

South West Trains to stop accepting cheques

One of the country's biggest rail companies is to stop accepting cheques from the end of this week, years before the target date for phasing them out across the whole economy.

Simon Read: Turning the clock back for Northern Rock is mutually best

There's a great opportunity to give a massive boost to the mutual sector by ensuring that state-owned bank Northern Rock is returned to it. In his Mansion House speech this week, George Osborne announced a sale of Northern Rock adding: "Any interested parties can bid for it, including mutuals, which this Government is actively committed to promoting."

Cheques stay 'until 2016'

Cheques will not be abolished until an alternative paper-based payment system has been set up to replace them, the head of the Payments Council told MPs yesterday.

Questions of Cash: 'Foreign currency cheques are a nightmare'

Q. I recently inherited some money in France. On 31 March, I paid in a cheque of €81,000 from my French bank account into my HSBC branch, to deposit in my sterling account. HSBC then wrote indicating that this would take six to eight weeks, attaching the terms and conditions for the transaction, but not explaining why there is such a long delay. I have called HSBC to complain, but got nowhere. MH, Bromley.

Cheques to decline further as guarantee system ends

Banks will no longer underwrite cheques from 30 June, making it easier to lose money on bounced cheques. Julian Knight investigates

Warning over cheques during bank holidays

Consumers were warned today that cheques could take up to two weeks to clear because of the high number of bank holidays occurring as a result of Easter and the royal wedding.

Julian Knight: Katherine 'the Great' needs more discipline

Tired and underperforming are two words that spring to mind when the UK's biggest investment trust, the Alliance trust, is mentioned.

Simon Read: Understand the risks before choosing ETFs

Exchange Traded Funds are sold as a low-cost way to invest in a wide range of different investments. They are similar to tracker funds in that they are passive investments. But problems are beginning to be voiced about just what the underlying investments are, and are they safe.

Committee to reopen cheques inquiry

Banks were accused today of ignoring the needs of millions of vulnerable people by pressing ahead with plans to phase out cheques.

Lloyds to cut another 570 jobs

Lloyds is to axe 570 jobs and outsource more than 560 posts under further organisational changes, the banking giant announced today.

Criticism over cheque contract

The Government has been criticised for deciding to move the contract for processing benefit cheques from the Post Office.

MPs' Post Office decision draws bitter attack

The Government came under bitter attack today after deciding to move a lucrative contract for processing benefit cheques from the Post Office which campaigners warned would lead to fresh branch closures.

UK's biggest pawnbroker shines in gloom

Albemarle & Bond reported soaring demand for its pawnbroking and gold buying business yesterday as it attracts new customers looking to free up cash in the economic gloom.

Payout for thief who was humiliated

A boss who marched an employee he found stealing from his company to a police station had to pay £13,000 for "humiliating" him.

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