Royal Bank of Scotland saw its pay report overwhelmingly backed today as the taxpayer-backed bank reassured its investors it wanted to become “a bank that is built to last”.
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Household debt a 'threat to UK economy'
Wednesday 30 May 2012
High house prices and mortgage debt are destabilising the UK economy, a European Commission report warned today.
Spain 'shuffling towards the abyss'
Wednesday 30 May 2012
The prospect of a multibillion-euro bailout for Spain increased today as the country's borrowing costs edged up on fears over its beleaguered banking sector.
SPL decide against fixed penalty for newco clubs
Wednesday 30 May 2012
The Scottish Premier League have backed off from imposing a fixed penalty on Rangers if the Ibrox club remain in the SPL as a newco.
Card lending down as debts paid off
Wednesday 30 May 2012
Credit card lending has contracted by the biggest monthly amount since 2006 amid consumers' determination to pay down their debts, Bank of England figures showed today.
Millions face financial woe as debt levels soar
Wednesday 30 May 2012
The average family now owes nearly £10,000, as hard-pressed Britons go deep into debt to survive the recession, a report warns.
Millions face financial woe as debt levels soar
Wednesday 30 May 2012
A quarter of families are cutting back on food costs by not ordering a regular take-away, or by buying basic ranges in the supermarket, according to the Aviva report. However, they are still buying takeaway coffee.
Spain reels as high street hits fresh low
Wednesday 30 May 2012
The sinking Spanish economy was struck a fresh blow yesterday with retail sales figures for April showing a 9.8 per cent year-on-year fall, the biggest since records began in 2003.
Ireland's austerity D-Day: How much pain can it take?
Wednesday 30 May 2012
After years of savage cuts, the Irish now face a stark choice: do they hand over control of their economy to Europe – or go it alone without the safety net of future bailouts? In Cork, David McKittrick meets the people preparing to vote
Doubts arise over Madrid's ability to prop up its banks
Tuesday 29 May 2012
Spain seemed to be moving closer to an official bailout yesterday as the country's borrowing costs soared and doubts over the ability of the Madrid government to prop up its ravaged banking sector multiplied.
Spain moves closer to bailout as borrowing costs hit new records
Tuesday 29 May 2012
Fears mount over Madrid's ability to shore up its banking sector
Markets cautious over Spain fears
Monday 28 May 2012
European markets remained in a fragile mood today with the euro dropping to near 11-month lows on concerns about Spain's ailing banking sector following the announcement of bailout plans for troubled lender Bankia.
Bailout fears spark Bankia shares dive
Monday 28 May 2012
Concern over the bailout plans for troubled Spanish lender Bankia and the country's ability to finance itself sent the nationalised bank's share price plummeting and Spain's borrowing costs soaring today.
House prices increase by 0.2% during May
Monday 28 May 2012
House prices increased by 0.2% during this month, but the rise was only driven by London and the South, a study said today.
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