The Council of Mortgage Lenders (CML) has revealed lending totalled £256.4bn over 2008 as a whole, down 30% on the £363.7bn lent in 2007 and the lowest annual figure since 2002.

Bailed-out US insurer AIG has announced it will not be renewing its £52m sponsorship deal with Manchester United Football Club (MUFC).

Barclays' share price slumped to its lowest level since 1985 on Wednesday as fears of further write-downs and possible nationalisation continued to plague sentiment.

Nearly 100,000 Standard Life investors have been told that a cash fund which many regarded as an ultra-safe alternative to the stockmarket was in reality invested in toxic mortgage debt that has plummeted in value, according to The Guardian .

A merger between Britannia Building Society and the Co-op was announced this morning, with both parties deciding the move to create new 'super-mutual' was an ethical alternative to shareholder-owned banks.

Global investor confidence is accelerating this month as investors begin looking "more favourably" on risky assets, according to the State Street Investor Confidence Index.

Independent buy-to-let mortgage broker Mortgages for Business has launched its specialist whole of market sourcing and portfolio management tool, Mortgage Flow.

If there was a competition to come up with history's ultimate oxymoron, then we would have to go a long way to beat pensions simplification.

Since his election victory in early November Barack Obama has put the tools in place to oversee a new period of economic growth in the US, leading investment houses say.

Heavy sell-offs of Lloyds Banking Group and Barclays shares characterised the FTSE 100 this afternoon as fears about the scale of losses facing the sector continue.