September 2008 Archive

Irish government guarantees savings

Dublin backs savers as international crisis sweeps Europe

The Irish government is to guarantee the savings of depositors at the nation's top six banks.

Big lump sum to save?

A reader from Woking has sold her house and has a large amount to put in the bank.

Stuck by savings jargon?

A reader from Liverpool is stuck about what exactly AER means.

Saving for marriage?

A reader from Gloucester is getting married next year and wants to be able to save to pay for the big day.

ISA confusion?

A reader from London is unsure about her ISA.

Bradford & Bingley: Final ex-building society goes

Bradford & Bingley: The final ex-building society to go

The failure of Bradford & Bingley draws to a close the chapter of 1990s demutualised building societies.

Students warned of 'money mule' scam

Easy money jobs could turn students into mules

Students heading into university and looking for easy money are being warned of the 'money mule' scam.

Washington Mutual sold to JPMorgan Chase

Washington Mutual has become the biggest US bank failure to date.

HSBC slashes 1,100 jobs

HSBC has cut 1,100 jobs worldwide following write-downs due to the credit crisis.

Lloyds TSB launches new mobile banking

Lloyds TSB is launching a mobile banking services allowing customers to monitor and transfer their money on a mobile phone.

Students plan to eat and drink less

Beer: Usual sap on student finances supped less

UK students are facing up to the credit crunch and the rising cost of living by aiming to cut spending.

Trust dominates savers' choice

Savings: Trust as important as high rates

A year of financial upheaval has left trust as important a factor as interest rates for savers.

Number of fake pound coins doubles

Number of fake pounds in circulation has doubled in fives years

The number of counterfeit pound coins in circulation has doubled in five years, according to figures from the Royal Mint.

Jobs to go at HBOS as Lloyds TSB looks to £1bn savings

The merger of Lloyds TSB and HBOS could result in thousands of job losses, it was warned today.

Brown takes broom to banks

Gordon Brown is acting to clean up the UK financial system, he said today, after the government aided in the rescue of HBOS by Lloyds TSB.

Morgan Stanley and HSBC rumoured to be in talks

HSBC is rumoured to be one of the suitors for Wall Street bank Morgan Stanley

HSBC has been named as a potential suitor for Morgan Stanley as fears grow for the future of the Wall Street bank.

Darling: Lloyds TSB/HBOS deal 'absolutely necessary'

Lloyds TSB/HBOS deal necessary, says Darling

The deal for Lloyds TSB to save HBOS was "absolutely necessary", according to Alistair Darling.

Barclays buys Lehman businesses

Barclays has returned to Lehman Brothers to buy its headquarters

Barclays has struck a deal to buy Lehman Brothers' headquarters and North American investment banking unit for £140 million.

MPs post plans for saver safeguards

MPs today have set out plans to stop a another Northern Rock happening and protecting savers' cash - hitting out at government proposals and saying if a bank collapses customers' cash must be returned in seven days.

Alliance & Leicester takeover approved

Banco Santander's takeover of Alliance & Leicester is set to go ahead after shareholders approved the deal with a 84 per cent majority.

UK bank protection rules 'will hit investment'

Plans to provide protection against another Northern Rock will undermine investors' confidence and make it harder for financial firms to raise capital.