Libor, the rate at which banks lend to one another, has fallen 7.7% in the last week to a record low, piling the pressure on lenders to pass on cuts to borrowers in full... more

Revealed: how the banks are profiteering from lending

10.08.09

Banks were thrown into controversy over excess profits after it emerged that the spread between their cost of borrowing and the rates they levy on businesses and homeowners has rocketed ... more

Loans to firms are rising say bankers

27.07.09

UK banks today said lending to small businesses rose by Ł391 million last month amid Government claims they are starving the economy of funds ... more

Economy gets a lift from the high street

23.07.09

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Bringing boards to heel is going to be a tough battle

03.07.09

It was only this week that I realised how fraught is the world of corporate governance following the debacle of the banks and the subsequent suggestions that shareholders should in future do more to rein back management whose strategies seemed to embody excessive risk ... more

City Spy: In the business of making excuses

01.07.09

Lord Mandelson claims he was forced to delay the sale of a stake in Royal Mail because there are more pressing matters to deal with. Funny...... more

HSBC boss Stephen Green warns the crisis is 'far from over'

30.06.09

HSBC chairman Stephen Green has declared that the financial and economic crisis is a long way from being over as regulators warned that the overhaul of the banking system could result in lower profits... more

Banks must prepare for future crisis, finance chief warns

30.06.09

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City Spy: Smart timing for Hutton to resign

30.06.09

One of the surprises of the recent reshuffle was John Hutton's decision to quit as defence secretary... more

Cheer as mortgage lending reaches a 13-month high

23.06.09

The number of mortgages approved for house purchase rose to a 13-month high last month as buyers returned to the property market... more

Economist defends Bank's policy to print more money

23.06.09

The chief economist of the Bank of England has launched a staunch defence of its decision to pump billions of pounds of new money into the economy... more

Further rise in mortgage approvals

24.03.09

The number of mortgages approved for house purchase increased for the third month in a row during February, figures showed... more

Savers pull yet more cash out of the banks

24.03.09

Bank customers withdrew cash from deposit accounts again last month as falling interest rates put off savers... more

Savers raid banks for Ł2.3bn in wake of interest-rate slide

24.02.09

Economy: Banks were put on red alert after customers withdrew more than Ł2 billion from savings accounts in just one month... more

UK mortgage approvals down 43 per cent

24.02.09

Mortgages: Mortgage approvals in Britain slumped 43 percent in January on a year ago, the British Bankers' Association said, indicating that house prices will continue to fall for some time yet... more

Lending famine spurs fresh pound plunge

26.01.09

Economy: Sterling tumbled towards new 23-year-lows today after another set of awful data from the banks... more

Mortgage approvals at lowest since 1997

23.12.08

Mortgage approvals slump to a fresh record low - but cash deposits in British banks rise as customers bring home money from bankrupt rivals in Iceland... more

Laughter and hard-headed realism from the banks' pearly queen

10.12.08

Interview: It's just as well Angela Knight laughs a lot - as chief executive of the British Bankers' Association, she needs a sense of humour ... more

Angela Knight: 'Banks can't afford to help borrowers'

05.12.08

Borrowers have been calling for lower interest rates for some time; now, not surprisingly, savers are starting to shout too. This encapsulates one of the dilemmas of the current situation: what seems right for one group is wrong for another.... more