- Sat, 05 May 2012 20:06:41 +0000: House prices slide in April - Ward Goodman
House prices fell by 0.2% in April – the fourth decline in five months, new figures have revealed. Last month’s slender fall came after a 1.0% drop in house prices in March, according to Nationwide. The latest fall means that house prices in the UK have fallen by 0.9% since April 2011, and ended last [...] - Sat, 05 May 2012 20:03:04 +0000: ‘Zombies’ kill off house price recovery - Ward Goodman
House prices will take another half decade to recover to pre-crisis peaks as the UK economy struggles to grow and poorer households labour under unsustainable debts, a think tank said. In a gloomy outlook, the National Institute of Economic and Social Research said that Britain was mired in its most protracted recovery on record, with [...] - Fri, 04 May 2012 05:36:56 +0000: Co-op Bank halts interest-only lending - Ward Goodman
The Co-operative Bank has announced that it is withdrawing interest-only mortgages for new customers. The provider said that it was making the move before next year’s Mortgage Market Review by the Financial Services Authority which is expected to usher in tougher restrictions on interest-only deals. The Co-op said it expects to see a move to [...] - Fri, 04 May 2012 05:33:00 +0000: King: I failed over banking collapse - Ward Goodman
The Bank of England governor sensationally admitted last night that he failed in his duty to help prevent ‘the worst recession since the 1930s’ and the implosion of the British banking system. In a landmark speech, Sir Mervyn King said: ‘So why, you might ask, did the Bank of England not do more to prevent [...] - Fri, 04 May 2012 05:29:13 +0000: Tesco tries to tempt savers with new bond - Ward Goodman
Tesco Bank is again cashing in on the public’s desperation for inflation-beating yields by launching an 8½-year bond that will pay out 5 per cent a year in interest. The bank hopes that the bonds, which will be traded on the London Stock Exchange’s Order Book for Retail Bonds, will be as popular as its [...]
