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Tuesday 09th of February 2010

Latest Finance News


Economy News:

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Growth too slow to halt record company administrations

Having studied the latest figures from the Insolvency Service, Grant Thornton is predicting a glut of company failures in England and Wales during 2010. Last year saw a record 4,161 companies placed... [Read more]


Investment News

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Legal & General leads declines among insurers

Most European equities markets were higher Monday after last week’s declines on concerns about the economies of several nations in the region. The FTSE 100 added 0.62 percent to 5,092.33 in London,... [Read more]


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Banking News:

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Bank of America sued over Merrill Lynch takeover

US banking giant, Bank of America (BoA), has been sued by the New York Attorney General, Andrew Cuomo, for defrauding investors and the Government over its takeover of Merrill Lynch. BoA, and two of... [Read more]


Insurance News

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Crash twice to double your car insurance premiums

If you’re unlucky enough to crash your car twice this winter you could find yourself paying double for car insurance, according to Confused.com. Some insurers researched by the price comparison... [Read more]


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Property News:

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Protection for homeowners unable to pay credit card debt

Property owners in danger of losing their homes as a result of consumer debt could soon be better protected. The Ministry of Justice has launched a consultation on proposed new measures that would set... [Read more]


Mortgage News

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Nationwide lowers LTVs on remortgage deals

Nationwide has lowered the deposit required for some of its most competitive remortaging deals, from 40% to 30%. From today, all the lender’s existing 60% loan-to-value (LTV) fixed and tracker... [Read more]


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Finance Blog:

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416 US banks in trouble

The US Federal Deposit Insurance Corporation (FDIC), which overseas American banks, says that 416 now fail its stress tests. While the FDIC will not reveal the identities of the failing banks, it has... [Read more]


Pensions News

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AA workers in strike ballot

According to the BBC, workers at the AA may strike for the first time since the organisation was established over a century ago. The vehicle breakdown service, which advertises itself as the fourth... [Read more]


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