Finance News

House Prices Fall Again In February

A recent survey reports house prices fell again in February by 0.5 per cent. The slowdown in the housing market is affecting consumer spending along with increased rises in energy and food bills... Read More

House Price Growth Continues To Slow

The Land Registry reveals house price growth continues to slow for fifth straight month. The credit crunch has lead to a shortage of funds making it more difficult for lenders to help borrowers... Read More

FSA Attacks Risk Taking Bankers

Despite the credit crunch being felt from money markets to the consumer, big money bonuses will be paid to bankers this quarter on par with the payouts of 2006, a record year... Read More

Egg To Go Ahead With Card Cancellations

Despite angry customer responses and the watchful eye of the OFT, Egg holds to their original decision to cancel credit cards of some 161,000 customers they deem as 'poor credit risk'... Read More

Egg Credit Card Company To Apologise

Egg's decision to cancel credit card holders' account to the tune of over 161,000 cardholders has lead to angry customers and an investigation by the Office of Fair Trading... Read More

Local Bank Avoids Sub-Prime For Big Profits

Northern Rock competitor Newcastle Building Society focused on retail customers rather than relying on wholesale money markets therefore avoiding the sub-prime effects to enjoy high profits ... Read More

FSA To Stamp Down On Mortgage Fraud

A warning was issued by the FSA regarding a crackdown on rogue mortgage brokers who intentionally falsify the incomes of applicants. 2008 will be a 'big year' on stamping down on mortgage fraud... Read More

Northern Rock Shareholders Attack Compensation Plan

As it stands now, Northern Rock as a nationalised bank will leave both big and small investors with "very little or even nothing". Shareholders are gearing up for a legal battle... Read More

UK Bank Avoids Major Losses

One of Britain's largest providers, Lloyds TSB, has escaped relatively unscathed from the market turmoil that has adversely affected so many other UK banks in the past 6 months... Read More

Home Insurance Prices Limited Due To Competition

The floods of last summer proved devastating not only to UK residents, but also to insurance companies' bottom line resulting in price hikes. As more people compare online for a better deal insurers must compete... Read More