Mortgage provider GMAC was today fined £2.8 million and told to repay more than £8 million following the unfair treatment of customers in arrears ... more
Firms in the US that benefited from billions of dollars of government bailout cash will be ordered to slash bonuses for their highest paid executives, it was reported today ... more
Strange noises are emanating from America's banking industry as it undergoes its post-crisis makeover. Wall Street's titans are rejoicing at repaying the money lent to them by the government at the height of the crisis late last year ... more
Chancellor Alistair Darling is set to call for stronger regulation of mutually owned banks and building societies alongside next week's Budget as he looks at new ways to return nationalised banks into private hands... more
Nationwide Building Society has taken control of the healthy parts of failed rival Dunfermline after the taxpayer stumped up nearly £1.6 billion to rescue the Scottish firm... more
Engineering: The US Treasury unveiled the scale of its latest Detroit rescue package, agreeing to pump $6 billion into General Motors' finance company GMAC... more
Scandal: A court case getting under way in New York may offer some hope of compensation for British and European investors who have lost millions of pounds backing Bernard Madoff's allegedly fraudulent scheme... more
Retail: Woolworths' largest shareholder said the chain should not sell itself for a token £1 but at the same time should be able to avoid going into administration... more
Engineering: Detroit motor giants General Motors and Chrysler are pushing ahead with merger talks as the industry faces crashing sales and is shut out of the debt market... more
Engineering: French carmaker Renault could stop a full-blown merger between Chrysler and General Motors by repurchasing the Jeep brand it sold to Chrysler more than 20 years ago... more
It's been a few days of differing fortunes for those investors who took up shares in the massive placings launched last week by Barclays and its rival Lloyds TSB... more
Recession in the air, negative equity, banks with burned fingers, credit still very tight, the pound under pressure and the Chancellor preparing to borrow a billion pounds every week. Welcome back to the 1990s... more
"Bull markets are born on pessimism... the time of maximum pessimism is the best time to buy." Thus Sir John Templeton, who died this week after proving another maxim, that an interest in markets is a fine way to longevity. He was 95, and one of the outstanding investors of the last century... more
"Bull markets are born on pessimism... the time of maximum pessimism is the best time to buy." Thus Sir John Templeton, who died this week after proving another maxim, that an interest in markets is a fine way to longevity. He was 95, and one of the outstanding investors of the last century... more
Moody's Investors Service has downgraded the long-term bank deposit rating and the senior debt rating of Bradford & Bingley plc (Bradford & Bingley) to Baa1 from A3... more
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