Compensation for Icesave customers
11.32 Thu Nov 06 2008
The Government is making £800 million available to compensate Icesave customers who lost money when the internet bank collapsed.
Drop in RBS earnings
09.17 Tue Nov 04 2008
Royal Bank of Scotland has reported an 8 per cent drop in underlying earnings so far this year.
Talks held over HBOS bid
16.02 Sat Nov 01 2008
Scottish Secretary Jim Murphy has had talks with a leading businessman about the possibility of a second bid for HBOS.
Japan cuts rates amid credit crunch
09.56 Fri Oct 31 2008
Japan has cut interest rates for the first time in seven years and warned severe conditions in the global economy could persist.
FTSE ends higher
17.23 Thu Oct 30 2008
The FTSE 100 has ended the day higher in relatively quiet trading after soaring 8 per cent during the previous session.
FTSE ends 8% up
18.29 Wed Oct 29 2008
The FTSE 100 finished the day more than 8 per cent higher on hopes of an interest rate cut in the US.
Mortgage approvals edge up in September
11.08 Wed Oct 29 2008
Mortgage repayments have outstripped new lending in August for the first time as speculation of a stamp duty cut froze the housing market.
Iceland's interest rate soars to 18%
10.50 Tue Oct 28 2008
Iceland's central bank has raised interest rates by a massive 6 percentage points to 18 per cent.
Banks to face tougher regulation
07.18 Tue Oct 28 2008
The Bank of England has said in a report that the current credit crisis has cost a mammoth $2.8 trillion (£1,800bn).
Another rollercoaster ride for sterling
17.15 Mon Oct 27 2008
Sterling has plummeted in value as another rollercoaster week begins on the financial markets.
FTSE fights back from fresh lows
17.10 Mon Oct 27 2008
The FTSE 100 finished the day in the red but fought back from fresh five-year lows as concerns about a global recession continue.
FTSE ends week deep in the red
17.27 Fri Oct 24 2008
The FTSE 100 has ended the week deep in the red after bleak UK economic news and a shares plummet on Wall Street.
'Banks must help small businesses'
23.19 Thu Oct 23 2008
Business Secretary Lord Mandelson has met bank bosses to discuss what help they can give to the country's struggling small businesses.
FTSE closes at 4087.83
17.16 Thu Oct 23 2008
The FTSE 100 index overcame recession fears to close up 46.94 points at 4087.83 after a late session boost from Wall Street.
Mortgage approvals down 57% year-on-year
09.35 Thu Oct 23 2008
The number of mortgages approved for house purchase in September is 57 per cent down on a year ago, figures have shown.
FTSE ends 4.5% lower as US tumbles
17.21 Wed Oct 22 2008
The FTSE 100 has ended the day deep in the red after Wall Street tumbled on continued global recession fears.
Late surge sends FTSE 100 higher
17.11 Mon Oct 20 2008
The FTSE 100 has finished the day almost 6 per cent higher on the back of strong gains from banks and oil companies.
UBS agrees government bail-out
11.23 Thu Oct 16 2008
UBS has agreed a multi-billion government bail-out and is transferring £34.7 billion in toxic debts to a Swiss National Bank-owned fund.
Bush: '$250bn pumped into US banks'
15.34 Tue Oct 14 2008
The US government will pump $250 billion (£142.5bn) straight into the country's beleaguered financial institutions.
Baugur denies administrators appointed
13.32 Tue Oct 14 2008
Troubled investment group Baugur has denied reports it plans to put its UK business into administration.
BoE move to free up frozen accounts
22.59 Mon Oct 13 2008
Britain is to loan Iceland's Landsbanki up to £100 million to help thousands of UK savers whose cash has been frozen in accounts there.
Cash injection brings banking revolution
22.57 Mon Oct 13 2008
Three of the UK's most popular high street banks are receiving £37 billion of taxpayers' cash in one of the UK's biggest nationalisations.
Morning world news
06.47 Mon Oct 13 2008
Cash for EU banks - Zimbabwe unity threat - Colombia flood deaths - Gay pride parade in Rio
Iceland crash puts £1bn on the line
22.36 Thu Oct 09 2008
British investments worth hundreds of millions are on the line after the collapse of Icelandic banks.
Kids' charity caught in bank crisis
16.28 Thu Oct 09 2008
A charity which looks after terminally ill children has found itself caught up in the Icelandic banking crisis.
Recession-beating package announced
23.00 Wed Oct 08 2008
Interest rates have been slashed and billions pumped into banks in a "bold" bid to stave off recession.
ING strikes £3bn Icelandic banks deal
13.10 Wed Oct 08 2008
ING Direct UK says it is acquiring more than £3 billion of deposits held by British savers with Icelandic-owned banks.
Cash crisis talk batters bank shares
19.44 Tue Oct 07 2008
The banking sector has been battered on the London Stock Exchange over reports leading lenders went begging to the Chancellor.
Darling ready to help other banks
17.21 Sun Oct 05 2008
Chancellor Alistair Darling has said he is ready to offer further assistance to individual banks which get into difficulties.
Compensation for savers raised to £50,000
15.14 Fri Oct 03 2008
The compensation limit available to savers who lose money when a bank goes under is being increased from £35,000 to £50,000.
Savers scramble to protect cash
22.37 Wed Oct 01 2008
Savers are said to be shuffling billions of pounds, some to Irish banks which are offering guaranteed protection, to safeguard their cash.
'Progress made' on $700bn bail-out
17.28 Sat Sep 27 2008
The US Congress is making headway in its weekend mission to strike a deal over the proposed $700 billion (£380bn) financial bail-out plan.
World News (Evening)
16.57 Sat Sep 27 2008
Bail-out deal talks go on - Syria bomb blast - Zimbabwe food fears
World News (Morning) for September 19th, 2008
06.09 Fri Sep 19 2008
Rescue plan for Wall Street - Rice condemns Kremlin - China toxic milk scare spreads to liquid
Mortgage approvals down 65% year-on-year
09.51 Tue Aug 26 2008
The number of mortgages approved for house purchase in July was almost two-thirds lower than a year ago, figures show.
B&B bankers left with 72% of shares
11.02 Mon Aug 18 2008
Bankers for Bradford & Bingley have been left to sell more than 70 per cent of shares from its £400 million rights issue.
Tyra honours black models
10.15 Wed Aug 13 2008
Tyra Banks has held a street fashion event in New York to mark the all-black Italian Vogue issue.
RBS reports losses of £692m
08.42 Fri Aug 08 2008
Royal Bank of Scotland has reported losses of £692 million for the first half of 2008.
HBOS takes £1.1bn credit crunch hit
09.28 Thu Jul 31 2008
Halifax Bank of Scotland has taken a £1.1 billion hit from the credit crunch halving underlying interim pre-tax profits.
Mortgage approvals dive
14.21 Tue Jul 29 2008
Mortgage approvals dived by nearly 70 per cent during the past year to hit a new low, figures have shown.
US approves housing market rescue bill
21.55 Sat Jul 26 2008
The US Congress has approved a multi-billion pound housing market rescue bill amid fears over mortgage titans Fannie Mae and Freddie Mac.
Money News (Lunchtime) for July 22nd, 2008
13.01 Tue Jul 22 2008
Petrol price war - King says banks need protection - Mortgage lender "in buyout talks"
Customers not paid back overdraft charges
12.10 Mon Jul 21 2008
Banks don't have to refund customers who have complained about unauthorised overdraft charges for at least six months.
Bank shares tumble amid US woes
15.16 Wed Jul 16 2008
Britain's banks are enduring further stock market misery as the fallout from the US mortgage crisis continues to reverberate.
Banks 'coerced' into buying B&B shares
14.21 Wed Jul 09 2008
The UK's high street banks have been "coerced" into buying shares in beleaguered Bradford & Bingley, analysts have said.
UK banks make £2.5 billion in charges
12.08 Mon Jul 07 2008
The UK's major banks make £2.5 billion a year in profit through unauthorised overdraft charges.
Banks expect to reduce mortgage lending
10.41 Thu Jul 03 2008
Mortgage availability will continue to fall as lenders tighten their criteria in the face of defaults.
Top banks in 'price-fixing' probe
14.31 Mon Jun 02 2008
Two of the high street's biggest banks have been caught up in a competition probe by the UK's consumer watchdog.
Second lender to ask shareholders for cash
09.09 Mon Apr 28 2008
Shares in the UK's biggest mortgage lender are holding firm despite speculation it will ask shareholders for as much as £4 billion.
FTSE ends at 6433.0
17.21 Wed Sep 26 2007
The FTSE 100 has closed higher after a firm set of GDP figures pointed to a healthy UK economy and a bullish Wall Street buoyed trading.
Northern Rock 'seeks white knight'
07.20 Mon Sep 17 2007
Customers have withdrawn £2 billion from Northern Rock savings accounts in three days.
Northern Rock crisis hits shares
22.07 Fri Sep 14 2007
Northern Rock customers spent Friday queuing outside branches after the mortgage lender had to be bailed out by the Bank of England.
BoE gives banks more borrowing flexibility
19.34 Thu Sep 13 2007
The Bank of England has given banks greater flexibility on how much cash they can borrow without penalty to manage cashflows.
Homebuyers pay twice
12.51 Wed Aug 22 2007
Tens of thousands of homeowners are being forced to pay twice in order to move since the introduction of Home Information Packs.
Banks in the dock over charges
13.59 Fri Jul 27 2007
The Office of Fair Trading has launched a High Court bid to prove bank charges for unauthorised overdrafts are unfair.
Payslip fraud fears
14.40 Fri Jun 01 2007
An increasing number of websites are thought to offer fake payslips helping people to take out bank loans they cannot afford.
Bank charges investigation launched
08.13 Thu Apr 26 2007
A formal investigation has been launched into whether banks unfairly charge customers for unauthorised overdrafts and returned items.
Free banking is unfair, say customers
12.25 Tue Apr 03 2007
A third of bank customers would be prepared to pay for the service they receive a new report has found.
Free banking is unfair, say customers
12.17 Tue Apr 03 2007
A third of bank customers would be prepared to pay for the service they receive a new report has found.
HSBC reports record profit rise
09.59 Mon Mar 05 2007
HSBC has seen a record annual profit rise of 5 per cent to almost £11.5 billion.
'Penalty charges net £1.2bn'
14.11 Mon Feb 26 2007
Banks make £1.2 billion a year from penalty charges but could lose £500 million if regulators deem them unlawful, Credit Suisse claims.