RBS (RBS) is set to embark on a major restructure which will see it sell off at least 20% of its business worth around £300 billion.
The bank is due to announce its full-year results on Thursday and is expected to report a £28 billion loss – setting a record in UK corporate history.
Newly-appointed chief executive, [...]
Buyers can drive a new car bargain as struggling dealers slash their prices
Savers have seen a potential 35% wiped off their pension investments since the credit crunch hit
The Bank of England suggested this week that it is unlikely to cut base rates to 0%, but instead will seek to stimulate the UK economy by increasing money supply.
Base rates were cut by 0.5% this month to a new record low of 1%, but the Bank of England has now said that further cuts [...]
The Council of Mortgage Lenders (CML), which represents 98% of the UK’s residential mortgage providers, has reported that gross mortgage lending declined in January, to an estimated £12.4 billion.
The total is down 8% on December and 52% year-on-year.
Traditionally a slight fall is recorded between December and January, however, last month’s figure is at its lowest [...]
Households face being hit with massive energy bills because power firms have not bothered to update meters
