Economic Rescue Package
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Thursday 25 February 2010
Chesham Building Society yesterday became the latest casualty of the ongoing financial crisis as it agreed to be taken over by the much larger Skipton Building Society.
Tuesday 23 February 2010
Wednesday 17 February 2010
President Barack Obama vigorously defended his $787bn stimulus today, insisting it rescued Americans from the worst of the economic calamity and ripping Republican critics who called it a waste.
Monday 15 February 2010
Wednesday 10 February 2010
Sunday 07 February 2010
A government decision to force the Financial Services Authority to change auditor will save the regulator almost £100,000 a year. Under pressure from MPs, the FSA is to replace accountants Grant Thornton with the National Audit Office.
Monday 01 February 2010
Bankers are complaining that political interference is now the biggest risk facing the banking industry, a report published this morning will say.
Monday 14 December 2009
The reputation of bankers has been tarnished "seemingly beyond repair" by the financial crisis, City minister Lord Myners said today.
Friday 11 December 2009
Friday 04 December 2009
Tuesday 24 November 2009
Yesterday marked a "pivotal moment" for the camping and outdoor equipment retailer Blacks Leisure as creditors backed its rescue plan, saving 4,300 jobs.
Wednesday 28 October 2009
Outlook How times change. Only five years ago, the nation's shoppers routinely congratulated each other on how they had managed to outwit the credit card companies. Egged on by internet chat forums, borrowers moved thousands of pounds from card to card, taking advantage of interest-free offers and racking up free debt.
Monday 26 October 2009
Sunday 25 October 2009
City grandee Sir David Walker will recommend banning banks from paying guaranteed bonuses to staff when he publishes his final review into corporate governance at the end of next month.
Thursday 22 October 2009
The argument against an enforced separation of retail and investment banks - as made by the Government and the Lex column in the Financial Times - seems to based on the fact that both types of bank had to be rescued in the recent financial crisis.
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