The Co-op bank reported a loss of £674m for 2012

Bank seeks fresh faces at the top and stops lending to new business customers as spectre of taxpayer bailout looms

i Newspaper
 
TheIPaper
The Independent around the web
E-break Time
Independent Crossword
Lenders are lowering the maximum age you can be at the end of a mortgage

Age barrier puts block on older borrowers

Your date of birth could stop you getting a loan from some banks and building societies, despite your ability to pay it back, says Chiara Cavaglieri

Banks given ultimatum to plug their black holes

Warning to sort out capital shortcomings amid frustration over the delays

A bookmaker and a branch of The Money Shop almost cheek by jowl in a street in Newcastle
Eric Holt’s fund has bought bonds that are secured on private schools

Mark Dampier: They say the only way is down but some bonds are yielding to no one

Forecasters have called the top of the bond market on numerous occasions over the past two years, but gilts have resolutely not behaved in the way in which many bond fund managers expected. Today, 10-year gilts are yielding  1.9 per cent. Yields may have touched a low of 1.4 per cent last summer, but in reality they have settled in a tight trading range.

Boom for bailiffs as council tax cuts hit home

Vulnerable people are in danger of being pushed into the hands of unscrupulous bailiffs who act aggressively and pile on excessive fees.

Maybe it’s time the gizmo sellers simplified their terms

Money Insider: Rock-bottom savings rates make offset mortgages even more attractive

According to industry research, fewer than 10 per cent of people are currently offsetting their savings against  their mortgage.

Co-operative Bank stops new corporate loans

The Co-operative Bank is to stop lending to new corporate customers as it seeks to repair a major hole in its finances - dealing a blow to efforts to ease the borrowing squeeze on small businesses.

The case centres around an auction of Airbus A320 aircraft

'You're in their pockets': High Court row over valuation in General Electric planes deal with Lebedev-controlled Blue Wings airline

One of the world’s biggest aircraft valuers was accused in the High Court of being in the pockets of General Electric’s vast GECAS commercial aeroplane leasing division.

Patrice Evra and Nemanja Vidic lift the trophy outside Old Trafford

Major refinancing sees Manchester United slash interest bill by £10m a year

United's present debt is £370million, the sum remaining from a highly leveraged takeover by the Glazer family in 2005

Remortgaging at its lowest level for 15 years

One million people have remortgaged their property once since 2005

Britain’s recovery, led by Chancellor George Osborne, is slower than 23 of the 33 advanced economies monitored by the IMF

The opinion of the IMF shouldn't matter, but Osborne has ensured it does

The IMF has called on the Chancellor to press the pause button on austerity for the sake of the health of the economy. It's the cause of particular embarrassment

Nationwide profits soar despite bad debts

Nationwide, Britain's biggest building society, grabbed its largest-ever share of the mortgage market last year and saw its profits jump as it continued to attract customers from discredited high street banks.

Andrew Dickson White, first president of Cornell University

The insider’s guide to a humanities MA

Days of wild clubbing abandon and blagging your way through reading are no more when it comes to a Masters degree, but that doesn't mean your old life is gone for good. There's a lot to look out for, so here is my insider’s guide to an MA in the humanities.

George Osborne under pressure to change his economic policy after latest criticism by IMF

Time for Plan B? IMF tells George Osborne to ease pace of spending cuts

Labour says advice echoes its own longstanding call for the Chancellor to ease up on his cuts

Career Services

Day In a Page

Independent Travel Shop See all offers »
Imperial Cities of Morocco
Seven nights half-board from only £799pp Find out more
Historic Sicily
Seven nights half-board from £799pp Find out more
4* all-inclusive Crete
Seven nights from only £399pp Find out more
Budapest city break
Three nights from only £229pp Find out more
Andrew Mitchell: 'It's no good feeling hard done by'

Andrew Mitchell: 'It's no good feeling hard done by'

In his first interview since 'plebgate', the former Chief Whip opens up just enough to concede that, in politics, you have to take the rough with the smooth
Corruption and the FCO: Blue skies, white sands, dark clouds

Corruption and the FCO: Blue skies, white sands, dark clouds

Special report: Met police call for criminal inquiry into former diplomat's Cayman Islands rule
Fallen angel: Winona Ryder on bouncing back from her decade in the wilderness

Fallen angel: Winona Ryder bounces back

She owned the 1990s... but then she disappeared. Now, Ms Ryder is back with quite the bang in her latest role, as the wife of a notorious real-life Mob hitman.
Roman Polanski shakes Cannes Film Festival

Roman Polanski shakes Cannes Film Festival

The director's new film, 'Venus in Fur', is one of the raciest on offer
Rev Richard Coles: 'I don’t have any concerns that God is cross with me for being gay and eventually the Church won’t either'

Rev Richard Coles on the Church and homosexuality

The mellifluous, erudite and witty Coles is the nation's most pop-culture-friendly priest
'Baghdad likes to live from crisis to crisis': Civil war looms in Iraq

Patrick Cockburn: Civil war looms in Iraq

The governor of Kirkuk - one of the country's most violent but successful provinces - fears the worst
Written on the body: Tattooists at pains to point out their artistic credentials

Written on the body

Tattooists at pains to point out their artistic credentials
Conquering Everest: 60 facts about the world's tallest mountain

Conquering Everest: 60 facts about the world's tallest mountain

The IoS marks the sixtieth anniversary of Sir Edmund Hillary and Tenzing Norgay first reaching the peak of the highest mountain on Earth
A new, and irreversible, Dust Bowl looms

Rupert Cornwell: A new, and irreversible, Dust Bowl looms

The destructive power of tornadoes will be as nothing once the Great Plains' vast underground water reserve dries up
Every creature's needless death diminshes us all

Philip Hoare: Every creature's needless death diminishes us all

A 60 per cent decline in our national species should alarm us, yet few of us act. But to mind more about animals would reflect well on society
Killing with kindness: Burma's religious battleground - and the monks at the heart of it

Killing with kindness: Burma's religious battleground

Six years ago, the world cheered the monks behind Burma’s Saffron Revolution. Now, a horrific new eruption of religious slaughter is being blamed on a 'Buddhist Bin Laden'.
Let's take it outside: Bill Granger's Bank Holiday feast

Let's take it outside: Bill Granger's Bank Holiday feast

You can’t always depend on the weather – but you can avoid the pitfalls of the British barbecue by preparing an elaborate outdoor feast indoors ahead of time...
The Calvin report: Stirring Champions League final shows how far English game must advance

The Calvin report

Stirring Champions League final shows how far English game must advance
10 big questions for the British & Irish Lions to answer

10 big questions for the British & Irish Lions to answer

Warren Gatland's squad fly Down Under aiming to do justice to the expectations – and hoping the Wallabies stay in the pub
The Last Word: Golf must end the hypocrisy before its halo slips totally

The Last Word

Golf must end the hypocrisy before its halo slips totally