Ministers in dock over loans chief’s tax dodge
Ministers are under pressure to explain why they allowed a top civil servant to be paid his salary through a company, allowing him significantly to reduce his tax bill
Read More: FT – Politics
Hester focused on finishing tough job
The RBS chief inherited an operation bloated with toxic loans and functioning largely through sprawling fiefdoms
Read More: FT – UK Companies
Markets down as debt talks falter
European stock markets open lower as eurozone ministers put pressure on Greece’s private creditors to accept a lower interest rate on their loans.
Read More: BBC News – Economy
Croydon’s secret £4m gold hoard buried in London riots
Five safes filled with gold jewellery that customers had pledged as security on loans have been moved following an elaborate salvage operation
Read More: FT – Economy News
M&S shakes up loans market
Unsecured loan rates fall as providers compete for customers
Read More: FT – Banking
Italian banks borrow record €210bn
Institutions draw heavily on pre-Christmas offer of unlimited three-year loans, taking up quarter of total liquidity supplied by Central Bank
Read More: FT – Markets
Italian banks borrowed record €210bn from ECB
Institutions draw heavily on pre-Christmas offer of unlimited three-year loans, taking up quarter of total liquidity supplied by Central Bank
Read More: FT – UK Companies
New loans in China beat forecast
China’s lending and money supply grow at a faster pace than expected as the country relaxes its credit restrictions.
Read More: BBC News – Economy
Business faces ‘tougher’ terms on credit
Bank of England report finds banks are raising rates on loans and plan to toughen covenants on new loans as default rates begin to rise
Read More: FT – UK Companies
Markets braced for Italy debt auction
Bond issues are the first market test as Rome auctions €20bn of debt following the launch of three-year loans for banks by the ECB
Read More: FT – Markets
ECB’s three-year loans lift sentiment
Borrowing costs for the European Investment Bank fall sharply after the European Central Bank’s three-year tender is well received
Read More: FT – Markets
RBS and Lloyds: a tale of two banks
UK state-controlled banks take differing approaches to writing down bad loans
Read More: FT – UK Companies
Liquidity boost lifts European banks
FTSE Eurofirst 300 heartened after wider than expected take up of European Central Bank’s unlimited three year loans.
Read More: FT – Markets
US money funds cut lending to EU banks
Loans drop to another record low as holdings of Treasuries soar to levels reminiscent of those seen during the financial crisis
Read More: FT – Markets
RBS nears £1.4bn property disposal
The move to offload the loans into a Blackstone-managed fund represents the largest such disposal of UK commercial property debt
Read More: FT – UK Companies
UK lending tougher or non-existent
More UK businesses reporting a rise in the cost of credit, together with a reduced level of availability of loans
Read More: FT – UK Companies
Santander enters buy-to-let market
Group’s move follows decisions by rivals to either return to the buy-to-let market or offer loans to landlords for the first time
Read More: FT- Property
Murky loans network clouds market
A complexity of brokers and opaque ownership structures can make it hard for customers to shop around for the best deals
Read More: FT – Politics
Calls grow for clamp on payday lenders
Critics have hit out amid sings that an increasing number of low-income Britons are turning to these high-cost loans to combat financial problems
Read More: FT – Politics
Demand for ECB dollar liquidity surges
Thirty-four banks borrow $50.7bn in 3-month loans after the eurozone central bank’s co-ordinated price cut
Read More: FT – Markets
