Financial News

SocGen uncovers €5bn fraud - Published:15/04/08

Société Générale said on Thursday it had exposed €7bn of losses from a rogue trader in European store futures and big US subprime mortgage writedowns, forcing the French store into an emergency €55bn share issueDaniel Bouton, the long-standing leade...

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New Bank of Japan boss rejected - Published:13/04/08

The Japanese administration's latest nominee to be governor of the Bank of Japan (BOJ) has been discarded by the opposition-controlled upper houseThe Democratic social gathering has decided to reject Koji Tanami in Wednesday's take part in an electi...

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Alliance and Leicester Share Price Rises as Bank Ponders Takeover - Published:11/04/08

It has been reported that Banco Santander have detained talks with Alliance and Leicester regarding a likely takeover Although no deal has come of the talks at the present occasion, neither bank has ruled out the option of returning to discussions i...

Lawyers in spotlight over loophole - Published:10/04/08

All times are London time Search information in the FTcom siteSearchSearch Quotes in the FTcom siteQuotes In depthBreadcrumb trail direction-finding:FT Home > In depth > Bear StearnsServicesJPMorgan Chase’s sweetened offer for Bear Stearns, and the ...

Fed concern at sub-prime insurers - Published:10/04/08

Federal Reserve boss Ben Bernanke is keeping an eye on bond insurers, which guarantee the products at the heart of the US sub-prime mortgage crisis.Mr Bernanke said that the insurers' problems could have an adverse effect on financial markets and th...

NatWest: Small businesses stay strong - Published:10/04/08

Small businesses are strong enough to withstand changes to capital gains tax, NatWest has claimed.Steve Pateman, chief executive of NatWest and RBS Business Banking, said that "staying ahead of the competition" was the main concern of smaller firms ...

Narrow victory for battered UBS chief - Published:10/04/08

All times are London time Search News in the FT.com siteSearchSearch Quotes in the FT.com siteQuotesCOMPANIES Financial servicesBreadcrumb trail navigation:FT Home > Companies > By sector > Financial servicesServicesMarcel Ospel, UBS’s veteran chair...

Credit Agricole hit by sub-prime - Published:10/04/08

France's biggest retail bank Credit Agricole made a loss in the last three months of 2007, hit by a hefty charge at its Calyon investment banking arm.Credit Agricole lost 857m euros ($1.3bn, £657m) in the fourth quarter, after Calyon took a 3.3bn-eu...

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SocGen's rights issue will be a confidence vote - Published:09/04/08

All times are London time look for News in the FTcom siteSearchSearch speech marks in the FTcom sitespeech marks In depthBreadcrumb trail navigation:FT house > In depth > Société GénéraleServicesSociété Générale may have persuaded two of the world’s...

Wall St braced for buy-out loans pain - Published:09/04/08

CardWatch: New card fraud reporting process will cut bureaucracy - Published:09/04/08

As a number of fee and rate increases hits the credit card market, it is "more important than ever" that people shop around for a good deal, according to Which?.Internet shoppers have been advised to use their credit cards for online purchases by sh...

january tops loan charts - Published:09/04/08

January is the most popular month in which to take out an unsecured personal loan, according to research by the Halifax.A study by the lender has also revealed a greater percentage of the loans were taken out to help consolidate debts."For many peop...

Crackdown on illegal lending 'welcome' - Published:04/01/08

touching accounts from one bank to another is "easy", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" affect home contents insurance, warns NFU jointAxa is launching My Budget Day on November 21st in ...

Report calls for two new council tax bands - Published:04/01/08

News Companies & markets Investing Power collection Campaigns Mortgages & homesMortgage featuresInsurance Consumer advice Broadband & phones departure Saving & banking Credit & loans Small business duty & wills Message boards cash blog Tools & calcu...

Lloyds TSB to charge consumers for not using cards - Published:04/01/08

As a number of charge and rate increases hits the credit card market, it is "more important than ever" that people supermarket around for a good deal, according to WhichInternet shoppers have been advised to use their credit cards for online purchas...

How to safeguard savers in a banking crisis - Published:04/01/08

All era are London time Search News in the FTcom siteSearchSearch speech marks in the FTcom sitespeech marksCOLUMNISTS John KayBreadcrumb trail navigation:FT Home > Comment & psychoanalysis > Columnists > John KayServicesMany people blame the Northe...

rate cut 'will help with mortgage payments' - Published:04/01/08

The Bank of England's decision to inferior interest rates will assist mortgage holders and lower some payments, it has been reportedThe quarter-point slash to 55 per cent has been passed on by the Halifax, which reduced its standard variable speed f...

Barclays: Beware of 'e-scams' - Published:04/01/08

As a figure of fee and rate increases hits the credit card market, it is "more important than ever" that populace shop around for a good deal, according to WhichInternet shoppers have been advised to use their credit cards for online purchases by sh...

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Borrowers should be treated sympathetically, charity says - Published:04/01/08

Moving financial records from one bank to another is "easy", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" affect home contents cover, warns NFU MutualAxa is launching My financial plan Day on Novem...

Alliance & Leicester Personal Loans reveals garden trends - Published:04/01/08

Alliance & Leicester Personal Loans has revealed that almost half (49 per cent) of populace in the UK want to improve their garden with some verdant greeneryTrees, plants and shrubbery were the most well-liked garden improvements named in a new revi...

Brown comes out fighting - Published:04/01/08

No one on the Tory benches believed their take part in an election of no confidence in Gordon Brown would get anything other than an irresistible thumbs downIf one thing is guaranteed to unite a divided and warring Labour social gathering it is just...

Government Plans Massive House Building Programme - Published:04/01/08

A Green document is expected to reveal how the Government tactics to ease Britain’s property problems It could be the most radical attempt to influence the accommodation industry since the building bang of the ‘60sThe Paper should see a commitment t...

Poor lending practices leaving banks and public exposed says report - Published:04/01/08

Poor lending practices by banks and structure societies have left many in the UK with dangerous levels of money owing exposure, a Datamonitor account has warnedOver-eagerness among finance companies to offer credit cards, homeowner loans and overdra...

Property 'has peaked' as prices slow - Published:04/01/08

Claims that the possessions market has peaked have been supported by novel figures showing house price growth slowed dramatically in JuneThis is Money has been named monetary Website of the Year in recognition of its agitation coverage >> ReadThe la...

Base rate may reach 7.5% - Published:04/01/08

Bankruptcy is "becoming more and more palatable" to those in serious debt, according to Thomas CharlesThree-quarters of populace in the UK do not appreciate how a one per cent difference in mortgage tax would affect their loan, according to new rese...