Barclays has shunned a UK government insurance scheme designed to ring fence toxic assets on banks’ balance sheets. The bank decided not to take part in the scheme following talks with major investors and after an extreme stress test by City regulators last week found it did not need to raise fresh capital. The decision [...]

In this article I will be writing about the check list needed while applying for the home Loans. If you are not aware of all the fees and hidden charges on the home Loans, you will have to pay more money that you would have been saved if you analyze the home loans with different [...]

Barclays Wealth has become the latest bank to market upgraded savings products to its wealthy clients in the hope of attracting would-be savers. The wealth management arm of UK lender Barclays has launched a new product which offers an interest rate of 3% for a fixed term of 12 months. It has a minimum investment [...]

Shares in Barclays surged by almost a quarter on Friday after it emerged that an extreme stress test of its financial strength by City regulators had found the bank did not need to raise fresh capital. Barclays confirmed that the test by the Financial Services Authority had shown it could cope with stressed credit market [...]

After months of cuts by banks, savings rates are starting to rise again. Over the last week rates on some of the best savings accounts in the UK have been inching up as providers compete to attract new customers. The top five instant access savings accounts pay an average of 2.24 per cent on cash [...]

Top bank chief executives sat down with President Barack Obama at the White House in a show of unity on Friday, as the administration sought to soothe tensions over lavish Wall Street bonus payments. The meeting came at the end of a week in which in which Mr Obama pushed back against efforts in Congress [...]

New mortgage lending jumped to its highest level in 10 months in February, the British Bankers’ Association reported on Tuesday, in the latest sign that the housing market may be stabilising. But mortgage approvals remain barely above the record lows of last autumn and economists warned that it was too early to predict a recovery. [...]

US unemployment is at it’s highest rate for 26 years now, with the number still yet to climb. With the economical crisis which is happening globally, the US economy has seen an increase of people being laid off, a rise of 8.1%, through out all major sectors, with only last month a huge lay off [...]

Savers in instant access accounts are now earning an average interest rate of just 0.17 per cent, according to new Bank of England data – leading many to save less, but others to consider shares and structured products. Figures released by the Bank on Tuesday morning show that, by the end of February, the amount [...]

Lloyds Banking Group was on Friday night locked in increasingly tense talks with the government to finalise plans that could see the taxpayer taking an economic stake of about 70 per cent in the bank in return for insuring £258bn of toxic assets. The plans could be announced as early as Saturday. The government is [...]